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NORD YOUNG


Towing Contracts and the Limits of Liability: Knock-for-Knock and the Bisso Doctrine
A tug is assisting a loaded barge into a berth. The tug’s master misjudges the approach, the barge strikes the dock, and there is damage to the barge, the dock, and the cargo. Who pays depends almost entirely on two things. Which contract form governs, and which side of the Atlantic you are on. International towage has settled on a risk allocation that the United States Supreme Court declared void as a matter of public policy in 1955 and has never retreated from. That decisio
Richard Young
5 hours ago8 min read


OPA 90 for Inland Operators: The Exposure Is Larger Than the Barge
A tank barge on the Lower Mississippi carrying 30,000 barrels of product is, in insurance terms, a modest asset. The hull value is a fraction of a deepsea tanker. The crew is small. The trade is domestic and familiar. The pollution exposure attached to it is not modest, it is not limited to the value of the barge, and under a set of circumstances that are considerably easier to trigger than most operators assume, it is not limited at all. This article covers how the Oil Pollu
Richard Young
Sep 19 min read


The Number on Your Hull Policy: Agreed Value, Total Loss, and the Gap Nobody Checks
Somewhere in your hull policy there is a figure. It was probably set when the vessel was acquired, adjusted once or twice since, and has not been examined closely in years. That number is not an administrative detail. It determines what you are paid if the vessel is lost, whether a casualty counts as a total loss at all, whether you are forced to repair a boat that is not worth repairing, and how much cover you can lawfully buy elsewhere. It is one of the few genuinely strate
Richard Young
Aug 289 min read


Walking the Floor: A Preview of the International WorkBoat Show, December 2 to 4
The International WorkBoat Show returns to the Ernest N. Morial Convention Center in New Orleans December 2-4. More than 1,000 exhibitors, upwards of 13,000 attendees, and the one US trade event where the inland, harbor towing, and offshore support segments all show up in the same building. Nord Young will be there. Not exhibiting this year, just walking the floor. The conference program has not been fully published yet, so this is a preview of the exhibit floor rather than a
Richard Young
Aug 257 min read


America's New Container Port: What the Louisiana International Terminal Means for Gulf Operators
On August 17, the U.S. Army Corps of Engineers granted the federal permit authorizing construction of the Louisiana International Terminal at Violet in St. Bernard Parish, on the Lower Mississippi River downriver from New Orleans. The permit clears the last major regulatory hurdle for what Port NOLA describes as the only new greenfield container port currently under development in the United States. Construction is expected to take five years. The projected investment is roug
Richard Young
Aug 195 min read


TSMS or Coast Guard Option: Choosing Your Subchapter M Compliance Path
Every towing vessel subject to Subchapter M holds a Certificate of Inspection, and every COI was obtained through one of two routes. The Coast Guard issues the certificate either way. What differs is who verifies compliance, how often, and on whose schedule. Operators frequently treat this as a procedural detail settled once at the start of the phase-in and never revisited. It is not. The choice determines your annual cost structure, your exposure to scheduling risk, the amou
Richard Young
Aug 187 min read


A 39-Minute Phone Call: What the Houston Ship Channel Collision Should Change in Your Safety Program
On July 19, 2024, a deckhand named among the five crew aboard the towing vessel Miss Peggy drowned in the galley of his own boat after it was struck from behind and rolled over in the Houston Ship Channel. Four of his shipmates got out. He did not. The National Transportation Safety Board released its investigation report on August 6, 2026. It runs 92 pages, and the finding at the center of it is one that every safety manager in the industry should read carefully, because it
Richard Young
Aug 117 min read


What Underwriters Actually Look For: Loss Control for Small Gulf Fleets
Most operators treat renewal as a price negotiation. The broker goes to market, quotes come back, and the conversation is about which number is lowest and whether last year's terms can be held. That framing misses where the leverage sits. By the time quotes are being compared, the underwriter has already formed a view of the risk, and that view was built from the loss runs, the survey report, and a set of judgments about how the operation is run. For a small fleet, those judg
Richard Young
Aug 78 min read
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