Foss Acquires American Cargo Transport

Wednesday, January 24, 2007
Foss Maritime Company has expanded into new global markets by acquiring the marine assets of Jore International. America Cargo Transport Corp. (ACT) will operate these assets as an independent, wholly owned subsidiary of Foss. Current ACT employees will remain with the company and continue serving the international shipper’s commercial, government and military markets. As a member of the Foss family, ACT will continue to serve existing international customers as well as new customers, delivering cargo in the Caribbean, Central America, South America, the Persian Gulf, East and West Africa regions. The company will continue to deliver containerized U.S. Aid as well as military and commercial cargo, with an additional emphasis on transporting difficult to maneuver, high, wide and heavy cargo. In addition to delivering cargo safely to foreign ports, ACT will offer full service cargo logistics, including arranging delivery and ultimate distribution of the cargo. This acquisition of assets by Foss follows several acquisitions in 2006. In July of 2006, Foss announced its expansion into the U.S. East Coast with the acquisition of Constellation Tug Company; and in September of 2006, the company announced it would provide marine logistics and full-service naval architecture with the acquisition of Harbor Marine Group.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter January 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

OSV Delivered to MC2 in Dubai

Marine Core & Charter LLC (MC2) headquartered in Dubai has taken delivery of the new build PETRA-1, the first of two, 45-meter Fast Offshore Support Vessels in

Baltic Index Pauses at Record Low

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, ended flat on Thursday after declining for 12 straight sessions

Greeks at Frontline of Migrant Crisis Angry at EU Critics

ABOARD THE AGIOS EFSTRATIOS, Aegean Sea, Feb 11: Greek Captain Argyris Frangoulis lifts his binoculars and with eyes fixed on the Aegean Sea horizon, steers his

Shipbuilding

James Troop Supplies Engines for 3 Naval Vessels

Liverpool City Region (UK) based ship engine specialist James Troop & Co has won an order to supply Volvo Penta diesel engines for three European naval vessels being built on Merseyside.

OSV Delivered to MC2 in Dubai

Marine Core & Charter LLC (MC2) headquartered in Dubai has taken delivery of the new build PETRA-1, the first of two, 45-meter Fast Offshore Support Vessels in

Six New VLCCs Marks the Start of a Busy Delivery Year

2016 is off to a flying start when it comes to delivering brand new VLCCs from shipyards in South Korea and China to owners and investor across the globe, says a report BIMCO.

 
 
Maritime Contracts Maritime Security Naval Architecture Offshore Oil Pipelines Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0954 sec (10 req/sec)