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Today on Forbes, how the Iran War Oil Shock is helping launch a market for electric tugboats.

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 Beach.

That's the bet Arkmarien is making.

The Los Angeles startup, co-founded by software engineer Mitch Lee and former SpaceX rocket

designer Ryan Cook, launched their electric boat startup to target the luxury

watercraft market, selling sleek fast $300,000 e-boats for wealthy weekenders.

Now, though, with oil prices at historic highs, it's pushing into the commercial marine space

with $20 million battery-powered tugs capable of pulling

ginormous cargo ships into container ports.

It's an opportunistic, timely shift from polished recreational toys to industrial machines

with brutal duty cycles, big fuel bills, and regulators at the door.

Ark's first commercial boats, being built at a Seattle area shipyard, are already heading

toward proof of concept.

Its tech is being used to power the world's first electric tugs that are about to go into

service at the Port of Long Beach, under a deal worth $160 million announced in late 2025.

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