The tugboat market is an important part of the maritime industry, providing essential services such as towing, pushing, and berthing of vessels. Tugboats are used to move large vessels in and out of ports, as well as to assist in the navigation of vessels in shallow waters. They are also used to provide emergency assistance to vessels in distress. Tugboats are typically powered by diesel engines, and are equipped with a variety of specialized equipment, such as winches, towing hooks, and firefighting systems. The tugboat market is highly competitive, with a wide range of companies offering services to the maritime industry. Some of the major players in the market include Svitzer, Smit Lamnalco, Adani Ports, and Maersk. Other companies in the market include Crowley Maritime, Foss Maritime, and McAllister Towing. Show Less Read more
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