NEWS BITTS – Foss sells river assets to Tidewater Barge

Seattle-based Foss Maritime Company has agreed to sell two tugs and 20 barges currently operating on the Columbia-Snake River System to Tidewater Barge Lines , Vancouver, Wash. The sale allows Foss to concentrate on its strategic lines of business including ship assist, ocean towing and special projects. Foss will maintain its Portland, Ore.-based division but will no longer provide river barging of grain, wood products and containers. The sale will help the company maintain its strategic focus and standards of quality, said Scott Merritt, Foss’ senior vice president of operations.

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