Foss Launch & Tug Company, a subsidiary of Dillingham Corporation, Seattle, has applied for a Title XI guarantee to aid in financing the construction of six tractor tugs. All of the vessels will be diesel-powered, with four rated at 3,000 bhp and two at 4,000 bhp.
The tugs are expected to operate in the Puget Sound and Los Angeles/Long Beach harbor areas. A builder has not yet been selected. If approved, the Title XI guarantee would cover $23,530,000, or 87 1/2 percent of the estimated cost of $26,892,000.
Mentioned in this article
Company
Foss Launch & Tug Companytug owner/applicant
Dillingham Corporationparent company
GeoLocation
Puget Soundoperating area
Los Angeles/Long Beachoperating area
Transcribed from the July 15, 1981 print edition of Maritime Reporter &
Engineering News. Text is OCR-derived and may contain errors.