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No Time for Losers

A guy buys himself a Rolex watch 40 years ago. He’s fanatically careful with it, and even though its a dive watch good to about 180′, he never wears it swimming, for fear of losing it. 3 days ago, he gently placed it on a cockpit cushion while he and his wife went for a [...]

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July 10, 2008 Read the full article →

Travelers buys its umbrella logo back.

I found this back in April, but I forgot to post it: Travelers snatches its umbrella logo back from Citi. – By Seth Stevenson – Slate Magazine How much did this cost? Travelers wouldn’t tell me, but newspaper reports peg the transaction in the millions. “It was a substantial investment,” says Shane Boyd, vice president [...]

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June 4, 2008 Read the full article →

Can We Salvage Our Vocabulary?

Many years ago, the powers that be carefully laid out the distinction between salvage and towage. The U.S. Supreme Court may have been the very first to coin the term simple towage. Isn’t it ironic that simple towage came into use precisely as a way to explain that most towing of disabled vessels is, in [...]

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March 15, 2008 Read the full article →

Go Fast, and prosper…

So, I was talking with one of my west coast compadres, who recently raised a 38′ Go Fast that was sunk at the dock. He charged a premium rate to raise the boat, and the insurance company complained that his price was more than they were used to paying. The owner of this boat claims [...]

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February 9, 2008 Read the full article →

Ambulance chasers

I’ve been thinking about the hourly towing rates for non-emergency service, and its hard to come up with a real comparison from another industry, because what we do is so unique. But why not look at the Ambulance industry for some guidance at least? There are some similarities: a crew that operates very specialized, motorized [...]

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February 19, 2007 Read the full article →

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