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How The Iran War Oil Shock Is Helping Launch A Market For Electric Tugboats

Arc Marine started out selling luxury electric boats. Now it’s chasing a bigger business: battery-powered tugs, barges and military boats.

The next hot electric vehicle may not come with gullwing doors, a self-driving mode or the ability to provide backup power to your home. It may be an 80-foot tugboat, nearly four stories tall, built to pull massive cargo ships around the Port of Long… [6776 chars]

Source: Forbes | Published: 2026-06-01T10:30:00Z

Credit: Forbes

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