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 Today


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

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

People & Company News

Fundraiser Held for USS Gerald R. Ford Crew

Blackmer, a company in positive displacement and centrifugal pump and reciprocating compressor technologies, has a relationship with the U.S. Military that dates

Meercat Workboats Scores a Hat-trick

The U.K.’s Meercat Workboats says it scored a hat-trick; the Hampshire-based boat builder announced it is moving premises, that Seawork was a huge success and that

Northern Lights Opens Branch Office in Louisiana

Marine power generation and climate control products manufacturer Northern Lights has opened its fifth branch office, in Kenner, La, to enhance service to Gulf

News

Sea Installer Receives Crane Upgrade

A2SEA-owned jack-up leaves Damen Shiprepair Amsterdam able to handle bigger offshore wind installation projects   Damen Shiprepair Amsterdam (DSAm) has concluded

Waterway Reopened after Barge Grounding

The U.S. Coast Guard has opened the Red River from mile marker 40 to mile marker 42 for vessel traffic, Monday.   The Red River had been closed due to a barge that had run aground at mile marker 41,

Baltic Index Rises on Greater Vessel Demand

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Wednesday, boosted by demand that is driving rates up across vessel segments.

Barges

Waterway Reopened after Barge Grounding

The U.S. Coast Guard has opened the Red River from mile marker 40 to mile marker 42 for vessel traffic, Monday.   The Red River had been closed due to a barge that had run aground at mile marker 41,

Red River Closed after Barge Grounding

The Red River was closed Sunday from mile marker 40 to mile marker 42, after a barge reportedly ran aground and was protruding into the channel near mile marker 41, according to the U.

Huge Coke Drums Shipped from Spain to Louisiana

Intermarine, LLC, transporter of project, breakbulk and heavylift cargo, said it has transported four coke drums on the MV Ocean Freedom from Gijon, Spain, to New Orleans, La.

Mergers & Acquisitions

CMA CGM Crosses 91.05% Ownership Threshold of NOL

CMA CGM S.A has crossed the compulsory acquisition ownership threshold in Neptune Orient Lines Limited (NOL).    Following its all-cash voluntary conditional

Sevan Marine Divests Stake in KANFA Aragon

Sevan Marine ASA said it has disposed 50 percent of its stake in KANFA Aragon AS to Sembcorp Marine Ltd. for cash consideration of NOK 20 million, representing

EU to Accept Antitrust Offer from Maersk, MSC, 13 Others

World No.1 container liner Maersk, Swiss peer MSC and 13 other shipping firms are set to escape possible penalties as EU antitrust regulators plan to accept their offer to end a five-year probe,

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Navigation Pipelines Pod Propulsion Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction
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: 0.1199 sec (8 req/sec)