High Shipping Costs Are Here to Stay, Says Bloomberg
By Henry Ren (Bloomberg) Stubbornly high shipping expenses for businesses are getting sealed into contracts for the next 12 months, forcing companies to pass the extra costs on to consumers....
According to unconfirmed reports, the four-tugboat fleet based in Boston which was previously owned by Constellation Maritime (FOSS), has been acquired by New York-based McAllister Towing.
The tugs LEO, ORION and VOLANS will be hauled out and renamed BRIDGET McALLISTER, MATTHEW McALLISTER and DAVID McALLISTER respectively. A new name for the fourth tug, TUCANA, has not yet been determined.
According to a post in the Facebook group Tugboatinformation.com, “McAllister will not be maintaining a presence in Boston. The BRIDGET McALLISTER will serve for a short while with McAllister’s Portland, [Maine] Fleet, but will ultimately be transferred to operations in Baltimore, Maryland. The MATTHEW McALLISTER will be assigned to Baltimore, however she will ultimately end up in Norfolk, Virginia. The DAVID McALLISTER will remain as a part of the Providence Fleet. The Tucana remains in “lay up” in Boston until her fate is determined.”
We have reached out to McAllister this morning for comment.
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