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Article: Ferries: that's the ticket. (Ferries & Fast Craft).
- Article from:
- Marine Log
- Article date:
- June 1, 2002
- Author:
CopyrightCOPYRIGHT 2002 Simmons-Boardman Publishing Corporation. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Tom Fox is a determined man. Fox is president of New York Water Taxi, a start-up that plans to begin offering high-speed water taxi service on Manhattan's Hudson River this summer. This isn't Fox's first stab at such a service. Back in 1997, Fox made a similar attempt, but the service failed because it was undercapitalized, he says.
"The first guy in the market--me--didn't make it," says Fox. "But I sure hope the second guy-me--does."
What will make this attempt successful, Fox told attendees at the recent Waterfront Conference 2002 is that he is much better capitalized. New York Water Taxi (NYWT) has signed a contract with Derecktor Shipyards, ...