Marine Resources Group Becomes Foss Marine Holdings

press release
Monday, July 02, 2012

Largest US tug and barge holding company unites family of companies under single powerful brand.
 
 
America's largest coastal tug and barge operator is taking a new - but widely recognized - name: Foss Marine Holdings, Inc.  
 
Company officials announced today that Marine Resources Group (MRG) is becoming Foss Marine Holdings. The Foss name - which celebrates a rich maritime tradition that includes century-long service and a record of innovation - will now represent a family of independent subsidiary companies that spans North America and the globe. With 130 tugs and barges, the rechristened company has oversight of a number of independent companies that make up the nation's largest coastal tug and barge fleet.
 
"The Foss name is already one of the maritime industry's most recognizable and respected brands," said Foss Marine Holdings' Chief Executive Officer Paul Stevens. "The world's first hybrid tug carries the Foss name. Customers requiring marine support, even in the world's most extreme environments, are well aware of our companies' emphasis on performance and safety. Rechristening MRG to Foss Marine Holdings capitalizes on our long history and prepares us for future growth."
 
Established as MRG in 2000, Foss Marine Holdings is a holding and support company for investments in the tug, barge and ancillary marine service companies. The decision to use the Foss name will lend market strength and recognition to all Foss Marine Holdings companies, which include:
 

• Foss Maritime Company, based in Seattle;
• AMNAV Maritime Services, based in San Francisco;
• Hawaiian Tug & Barge, based in Honolulu;
• Young Brothers, based in Honolulu; and,
• Cook Inlet Tug & Barge, based in Anchorage.

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