Without tugs and barges, the U.S. economy would come to a grinding halt. Important commodities, such as coal, grain, petroleum, and home heating oil are moved by barge along the U.S. and inland waterways.rnAnd while the U.S. has one of the largest, most powerful tug fleets in the world, it also has one of the oldest. What are tug owners doing to renew their fleets? While shipyard prices may be soft, financing has become critical in this slowly recovering economy. Is there any federal financing available to assist them not only with their fleet renewals, but also to comply with ever-tighter environmental regulations?
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