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NEW EXECUTIVE BROUGHT IN TO ENHANCE GLOBAL SERVICES

New post emphasizes importance of Foss’ international projects



SEATTLE, July 31, 2008 — Vince Godfrey has been named Foss Maritime Company’s senior vice president, global services, a new position that reports to Foss’ president and chief operating officer.

The new position was developed to meet Foss’ current and prospective customers’ needs and support Foss’ global activities. In his new position, Godfrey is responsible for business development for marine transportation and international projects, including strategic oversight for Foss’ large oil and gas projects around the world. He also oversees Foss’ Marine Transportation Operations group, including Gulf Caribe operations.

Vince Godfrey was formerly vice president for sales and marketing at Marine Resources Group, Foss’ parent company. He has twenty-three years of experience in the tug and barge industry and is a graduate of California State Polytechnic University, with an MBA from Pepperdine University.

Gary C. Faber, Foss’ president and chief operating officer, lauded Godfrey’s appointment, “Vince brings an enormous amount of knowledge and energy to his position, which will help Foss expand globally.”

About Foss

Founded in 1889, Seattle-based Foss Maritime offers a complete range of maritime services and project management to customers across the Pacific Rim, Europe, South America and around the globe. The company has harbor services and transportation operations in all major U.S. West Coast ports, including the Columbia and Snake River system. With one of the largest fleets of tugs and barges on the American West Coast, Foss operates two shipyards and offers worldwide marine transportation, emphasizing safety, environmental responsibility and high-quality service. See www.foss.com for more information.