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.

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

People & Company News

Apply Now for the MN 100

The August 2015 edition of Marine News, the leading voice in the North American workboat market, will feature 100 leaders and innovators, including workboat owners and operators,

Alfred Hartmann: New Captain on the Bridge at VDR

Shipping owner Alfred Hartmann is the new President of the Association of German Shipowners (VDR). For the first time a mid-size company owner is at the helm of the VDR,

VT Halter Powers Ahead

If you drive just south of I-10 in Pascagoula, Miss., within 10 minutes you find yourself on the doorstep of VT Halter Marine, arguably one of the more diverse and active shipyards in the U.

News

Two Rescued from Sinking Shrimp Boat

Two fishermen were rescued from their sinking shrimp boat by a U.S. Coast Guard aircrew Friday off the coast of Saint Simons Island near Brunswic, Georgia.   Watchstanders

IMO: Making Ferries Safer

The International Maritime Organization (IMO) domestic ferry safety conference in Manila April 24 has adopted guidelines to aid the process of reducing the mounting

Judge Orders Migrant Boat to Remain in Custody

An Italian judge on Friday ordered that the presumed captain of a migrant boat that sank with the loss of more than 700 lives should remain in custody after prosecutors

Barges

Ingram Barge’s Sehrt Elected AWO Chairman

The members of the American Waterways Operators (AWO), the national trade association representing the tugboat, towboat and barge industry, elected a new slate

Seattle to Host Spill Preparedness Conference

The U.S. Coast Guard and Washington Department of Ecology will host a spill preparedness conference May 20-21 at the Jackson Federal Building in Seattle.   The

Towboat Delivered to Tidewater Transportation & Terminals

Tidewater Transportation & Terminals takes delivery of new towboat Crown Point from Vigor Industrial to be deployed in Tidewater’s Columbia and Snake River service

Mergers & Acquisitions

HII, Kinder Morgan Not to Pursue Avondale Joint Venture

Huntington Ingalls Industries and Kinder Morgan Inc. decide not to pursue joint venture on Avondale redevelopment   Huntington Ingalls Industries (HII) announced

MISC Says AET Tankers Unit Not for Sale

MISC Berhad issued a statement today addressing recent market speculation that the company is set to sell its wholly owned petroleum tanker subsidiary AET Tankers.

Horizon's Hawaii Business Acquisition Cleared by DOJ

Horizon Lines, Inc. reported yesterday that, after a review by the Antitrust Division of the Department of Justice, Horizon's proposed sales transaction with The

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Offshore Oil Pod Propulsion Salvage Ship Electronics Ship Repair 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: 0.1741 sec (6 req/sec)