Moran Towing Corp., New Canaan, Conn., has been awarded a $17,667,600 firm-fixed-price contract with reimbursable elements for eight time-chartered, U.S. flagged and Jones Act compliant tugs to provide harbor support services and ship handling at Norfolk, Va.
The contract includes one firm period of 366 days with three 365-day option periods, and one 336-day option period. If exercised, the options would bring the Moran Towing contract’s total cumulative value to $92,042,296.
Work will be...