An apparatus for towing cargo behind a watercraft that includes a floating assembly for towing behind the watercraft and comprising a frame and at least one floatation device mounted on the frame. The apparatus further includes a linking assembly mounted on the floating assembly for linking the floating assembly to the watercraft. The linking assembly comprises a pair of longitudinal linking elements, with each of the linking elements having a forward end and a rear end. The rearward end of each of the linking elements is mounted on the floating assembly and extends forwardly from the floating assembly for mounting on the watercraft.