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Mark Tabbutt News

29 Jan 2024

Saltchuk Takes Anther Run at OSG Takeover

FILE PHOTO: The Greenbrier Companies, Inc.

Seattle-headquartered Saltchuk Holdings has renewed its bid to take over Overseas Shipholding Group (OSG), a New York-listed marine transportation company based in Tampa, Fla.Privately-held Saltchuk—OSG’s largest shareholder—had previously offered to acquire OSG in June 2021 but suspended those discussions several months later, citing pandemic-related market uncertainties.OSG, which operates U.S.-flag tankers and articulated tug barges (ATB), on Monday confirmed its board of directors…

14 Dec 2016

Keels Laid for Young Brothers Tugs at Conrad Shipyard

Conrad Shipyard held the Keel Laying Ceremony for the four Damen Stan 3711 Kāpena Class tugs now under construction for Young Brothers, Limited of Hawaii. On hand for the ceremony was Glenn Hong, President of Young Brothers, Ltd; Jonathan Parrott, President of Foss Marine, Young Brothers’ sister company; and, Tim Engle and Mark Tabbutt with Saltchuk, the parent company of both. Also attending and delivering remarks was Kommer Damen, Chairman and CEO of Damen Shipyard, and Jim Watson, President of ABS Americas. A number of local officials were also present, including Morgan City Mayor Frank P. Grizzaffi III, Port Director Mac Wade and Councilman Lou Tamporello. Dan Conrad, Senior Vice President Conrad Shipyard served as moderator.

12 Sep 2014

American Maritime Industry Booming Testifies AMP

The U.S. House Subcommittee on Coast Guard and Maritime Transportation today heard first hand about America’s booming domestic maritime industry from Mark Tabbutt, Chairman of the Board of Saltchuk, one of the country’s most recognized transportation and distribution companies, who was testifying on behalf of the American Maritime Partnership (AMP). Tabbutt told Subcommittee Chairman Duncan Hunter (R-Calif.) and Ranking Member Rep. John Garamendi (D-Calif.) that American maritime, supported by the Jones Act, is strong, vibrant, and growing. “Our industry is experiencing an extraordinary renaissance and its contributions to America’s economic, national and homeland security have never been more important,” said Tabbutt.

11 Sep 2014

Domestic American Maritime Industry Booming

The U.S. House Subcommittee on Coast Guard and Maritime Transportation today heard first hand about America’s booming domestic maritime industry from Mark Tabbutt, Chairman of the Board of Saltchuk, one of the country’s most recognized transportation and distribution companies, who was testifying on behalf of the American Maritime Partnership (AMP). Tabbutt told Subcommittee Chairman Duncan Hunter (R-Calif.) and Ranking Member Rep. John Garamendi (D-Calif.) that American maritime, supported by the Jones Act, is strong, vibrant, and growing. “Our industry is experiencing an extraordinary renaissance and its contributions to America’s economic, national and homeland security have never been more important,” said Tabbutt.

11 Sep 2014

Growing American Shipping Act Gaining Support

Legislation promotes revitalization of maritime industry through export of liquefied natural gas on U.S. Chairman Duncan Hunter (R-Calif.) and Ranking Member John Garamendi (D-Calif.) held a hearing Wednesday that brought together the House Committee on Transportation and Infrastructure’s Subcommittee on the Coast Guard and Maritime Transportation to address “The status of the Merchant Marine”. The hearing focused attention on H.R. 5270, the bipartisan Growing American Shipping Act or GAS Act, which would promote the export of liquefied natural gas (LNG) on U.S.-flag vessels. Witnesses at the hearing voiced support for the legislation and efforts to increase the use of U.S. flag ships in the foreign trade. Ranking Member Garamendi said, “The U.S.

05 Sep 2014

Hearing to Examine Status of US Merchant Marine

The U.S. Subcommittee on Coast Guard and Maritime Transportation, chaired by U.S. Rep. Duncan Hunter (R-Calif.), will hold a hearing next week to examine issues impacting the U.S. merchant marine, the fleet of U.S. documented, or flagged, commercial vessels which carries imports and exports during peacetime and becomes a naval auxiliary to deliver troops and war materiel during wartime. This hearing, entitled “The Status of the Merchant Marine,” is scheduled to begin at 9:30 a.m. on Wednesday, September 10, 2014 in 2167 Rayburn House Office Building.

07 Apr 2014

Saltchuk Acquires Tropical Shipping

Photo: Tropical Shipping

A subsidiary of Saltchuk Resources, a transportation and petroleum distribution company, has entered into a binding purchase and sale agreement to acquire Tropical Shipping and its related companies. The acquisition includes the premier shipping and logistics company for the Bahamas and Caribbean, Tropical Shipping and all of its related transportation, consolidation and cargo insurance companies. As an international foreign flagged shipping and logistics operation, Tropical and its related companies will become Saltchuk’s sixth line of business.

07 Apr 2014

Saltchuk to Acquire Tropical Shipping

A subsidiary of Saltchuk Resources, one of the nation’s leading transportation and petroleum distribution companies, has entered into a binding purchase & sale agreement to acquire Tropical Shipping and its related companies. The acquisition includes the premier shipping and logistics company for the Bahamas and Caribbean, Tropical Shipping and all of its related transportation, consolidation and cargo insurance companies. As an international foreign flagged shipping and logistics operation, Tropical and its related companies will become Saltchuk’s sixth line of business. Tropical will continue to operate as a standalone operation. The addition of Tropical Shipping to the Saltchuk family of companies furthers the company’s commitment to the Caribbean market.

25 Feb 2014

Construction Begins on First LNG Containership

From left: Peter Keller, EVP of TOTE; Congressman Duncan Hunter, Walter Tschernkowitsch, Manager, General Dynamics NASSCO Steel Dept. and Duncan Hunter, Congressman Hunter's son who did the honors of making the first cut of steel on TOTE's new Marlin Class hull #495.

Fireworks marked the first cut of steel in a ceremony last night as construction of TOTE, Inc.’s new Marlin Class, the first liquefied natural gas (LNG)-powered containership in the world, began at the General Dynamics NASSCO shipyard in San Diego, Calif. “These ships, will be the most advanced, environmentally progressive vessels of their kind,” state Representative Duncan Hunter (R-Calif.), Chairman of the House Subcommittee on Coast Guard and Maritime Transportation said, “but they also represent $350 million in U.S. The Marlin class vessels mark a new age in American shipbuilding.

03 Oct 2013

Saltchuk Deal Enables Foss Maritime Move

Aerial view of site: Photo courtesy of Saltchuk

Saltchuk has signed a Purchase and Sales Agreement with Kimberly-Clark to buy a 66-acre property on the Everett waterfront, formerly home to Kimberly-Clark's pulp mill and tissue plant. The deal will initially bring approximately 250 skilled, family-wage jobs to the Everett waterfront and create a thriving/vital shipbuilding and maritime industry in the heart of Everett. Saltchuk, a second generation Northwest-based, family-owned business, employs 6,500 people nationwide, with 800 in the Puget Sound region.

03 Jun 2013

Carlile Transportation Joins Saltchuk Companies

Carlile Transportation Systems, one of the largest trucking and logistics companies in Alaska, has been acquired by Saltchuk Resources, a Seattle-based family of diversified transportation and petroleum distribution companies. “Our relationship with Saltchuk is 20 years long, already having been friends, vendors and customers," said Harry McDonald, Carlile CEO and cofounder. Carlile will remain a standalone company headquartered in Anchorage. “As with all of the Saltchuk companies, we will reinvest in Carlile’s assets, pursue growth opportunities and build on the very strong foundation the McDonald family has built for the future,” said Mark Tabbutt, of Saltchuk. Carlile’s 700 employees will join Saltchuk’s national team of 5,500 persons.