Foss Unifies Operations Under Single Name

MarineLink.com
Tuesday, July 02, 2013
Paul Stevens, President and CEO of the unified Foss Maritime

American maritime holding companies Foss Marine Holdings announced that effective immediately it will merge all of its operations and resources under a single name: Foss Maritime Company.

Today, Foss Marine Holdings' wholly owned subsidiaries - Foss Maritime, AMNAV, Young Brothers, Hawaiian Tug & Barge and Cook Inlet Tug & Barge - operate what they say is the country's largest coastal tug and barge fleet. Effective immediately, Foss Marine Holdings will merge with Foss Maritime, whose lines of business include two shipyards, harbor services, ocean towing, marine engineering and others.

Paul Stevens, President and CEO of the unified Foss Maritime, said, "The Foss name is the oldest and most globally recognized name within our family of companies," Stevens said. "It celebrates a rich maritime tradition that includes century-long service and a record of safety, innovation and quality for our customers."

The move to consolidate all subsidiaries under Foss Maritime Company signals a move to a simplified operating structure that reduces layers of management and streamlines decision-making, Stevens said. The new structure's aim is to enhance Foss' competitive position in a quickly changing market place, improve overall efficiencies and more closely align the company with customers' requirements.

Foss Maritime will reorganize into four divisions:
•Marine Transportation Services - Headed by Gary Faber, this division will include the company's ocean towing and global services including project cargo and logistics.
•Technical & Engineering Services - Also headed by Faber, this division will include marine engineering and naval architecture as well as the company's shipyard operations in Rainier, Ore., and Seattle, Wash.
•Harbor Services - Headed by Scott Merritt, this division will include all harbor services such as ship assist and tanker escorts activities provided by the company.
•Liner Barge Services - Headed by Glenn Hong, this division will include the services of Young Brothers, an intra-island freight and transportation company based in Honolulu, Hi.

Stevens said the restructuring will take advantage of top-notch executives already in place at the company.

"For the vast majority of Foss employees, the reorganization is simply business as usual," Stevens said. "But by unifying our company we are able to take greater advantage of industry leaders such as Gary Faber, whose tenure as Foss' chief operating officer was marked by our strong emphasis on safety, a focus on customer needs, and the development of hybrid tug technology."

Stevens characterized the decision to unify Foss' operations under a single name as an opportunity to consolidate assets and better focus resources. "The unification is the next step to enable Foss to focus on new and growing markets, including potential business opportunities in Alaska, where oil and gas activity is gaining strength," he said.

Foss has announced it will build three new deep-sea Arctic Class tugs to compete for additional Alaska business. Work on the first tug is now underway at the company's Rainier shipyard.

foss.com
 

Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Newport News Shipbuilding Hosts Sen. Inhofe

Huntington Ingalls Industries (HII) today hosted Sen. James M. Inhofe, R-Okla., for a tour of the company's Newport News Shipbuilding division.   The senator,

Hempel CEO Jullien Plans Retirement

Pierre-Yves Jullien, CEO of Hempel A/S since 2005, has decided to retire after nearly 40 years in the Group. He will step down from his role as CEO on March 31, 2016 at the latest.

DNV GL Launches Singapore Service Center

DNV GL's new Singapore Service Center (SSC) will streamline customer support and enhance customers’ experiences by giving them a single point of contact for all operational issues.

 
 
Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators
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: 0.2791 sec (4 req/sec)