Today Paul Tregurtha leads MORAN as its CEO and Chairman of the Board. Mr.
Tregurtha has fostered a spirit of innovation and growth throughout the company. He
came to Moran Towing Corporation in 1994 when he acquired it with his business
partner James Barker. His 31 years of experience in the shipping industry includes
work with general cargo, container ships, LNG carriers, oil tankers and self-discharging
dry bulk vessels. Mr. Tregurtha worked with vessels operating on the ocean and the
Great Lakes as part of Moore McCormack Resources. Since coming to MORAN, he
has translated that knowledge into initiatives that have grown the company.
MORAN’s fleet of tugs and barges has been expanded and updated and additional
ports are being served, doubling the size of the company. This growth incorporated
the addition of new tractor tugs and double hull technology. The firm has also implemented
information technology projects that have revolutionized the way MORAN
conducts business. Safety and training programs that have been implemented at
MORAN have been widely recognized and have received national awards.
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Michael Moran, the founder of Moran Towing
Corporation, was a true innovator. In 1860, at the age of 27 he left behind his family
and work on the Erie Canal and rode a grain boat down the Hudson River to New York
City where he opened a towing brokerage business. His office was as 14 South Street,
in the heart of the Port of New York at the point at which she opened her arms to welcome
the tall sailing ships that graced her waters. Mr. Moran purchased a one-half
interest in the tugboat Ida Miller. She was 60 feet long and weighed 42 tons. Her cost
was $5,200, about $70,000 in today’s terms. Considering the times and that Michael had
lived in America only 10 years he embodied the innovative and entrepreneurial spirit
of the 19th century.
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