The parent company of coastal tug and barge operator Foss Maritime is taking a new but widely recognized name.
The Seattle-based company has announced that Marine Resources Group (MRG) is becoming Foss Marine Holdings Inc. 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 span North America and the globe. With 130 tugs and barges, the company has oversight of a number of independent companies that make up the nation’s largest coastal tug and barge fleet, according to Foss.
“The Foss name is already one of the maritime industry’s most recognizable and respected brands,” said Foss Marine’s CEO 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.
Foss Marine was established in 2000 by Saltchuk Resources Inc. as a holding and support company for investments in tug, barge and ancillary marine service companies. Visit www.foss.com for more information.