Ports and towage do not stop for coronavirus
Tug owners worldwide are facing extraordinary challenges to their operations and investments due to the coronavirus pandemic
Their business models have been smashed by a global economic recession and collapse in passenger ship handling requirements, but cargo ship dockings continue at pace. However, the period ahead will bring a lot of uncertainty.
Operators are challenged by port and travel restrictions during Covid-19 crisis, for crew changes and servicing their tug fleets.
But maritime trade continues, ships still need escorting, manoeuvring and docking, and there are still maritime emergencies to tackle.