A high maneuverability towcraft has a hull, a primary water-engaging device, and a towline attachment above a waterline of the hull. A towline line-of-tension extends through an effective centerline of the primary water-engaging device. The towcraft also has a castering device for providing directional stability to the towcraft which allows the towcraft to follow the lead of the primary water-engaging means. The stability of the towcraft is not negatively impacted either by any lateral force of the towline or by an instantaneous position of the towline with respect to a front of the towcraft.