TIME Magazine content is available exclusively for TIME subscribers.

Current subscribers for full access. Not a TIME subscriber? .

Tugboat Tycoon

Most everyone knows one fact about tugboats: a good tugboat man can hurl a torrid phrase across the water hard enough to make it bounce. But few know another important fact: that the Dutch had a virtual monopoly before the war on deep-sea towing.

Last week, Edmond Joseph Moran, a small (5 ft. 6 in.) man who looks more like a drapery salesman than the boss of the world's biggest tugboat company, prepared to poke the snubbed noses of two 194-ft. tugs into the Dutchmen's private pond.

His Moran Towing & Transportation Co., Inc. chartered the powerful, war-built tugs from the...

Time.com on Digg

POWERED BY digg

Quotes of the Day »

HUGO CHAVEZ, President of Venezuela, on the discovery of a possibly malignant tumor; The President's health problems have caused political uncertainty ahead of October's presidential elections
For use in rail of Articles page or Section Fronts pages. Duplicate and change name as necesssary to distinguish.