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Marine Log

October 30, 2006

Foss names Faber President and COO
Gary Faber

Seattle-based Foss Maritime Company has appointed Gary C. Faber as its president and chief operating officer.

Faber is an expert in salvage and vessel movement and the implementation of safety and environmental programs. He has extensive project management expertise in extreme environments.

Prior to his appointment as president and COO, Faber served as executive vice president of Foss since 2001. He oversaw the rapidly growing global services division, providing leadership for multi-million dollar projects in Alaska; Sakhalin Island, Russia; South America and the Caribbean.

Before joining, Faber served as interim president of Seacoast Towing and before that was vice president of operations for San Francisco Bay-based Crowley Maritime.

"We chose Gary as Foss' president on the strength of his demonstrated leadership abilities, his vision and his extraordinary work for Foss over the last several years," said Paul Stevens, President and CEO of Marine Resources Group and Chairman of Foss Maritime.

Maritime Resources Group is a holding and support company established by Saltchuk Resources Inc. for its investments in tug, barge and ancillary marine service companies, including Foss Maritime.

Faber, says Stevens, "brings three crucial traits to this position: first, his deep knowledge of the challenges and opportunities in the maritime industry; second, his commitment to building and maintaining strong relationships with customers; and third, his success implementing sound quality, safety, and environmental protection programs."

A graduate of the U.S. Merchant Marine Academy, Kings Point, New York, Faber holds a bachelor of science degree in Marine Engineering. He holds a U.S. Coast Guard Third-Assist Engineer License and has extensive training and certification in the incident command system.

During Faber's tenure at Foss, the company's operations and service line have grown significantly. Most recently the company acquired two companies: Boston-based Constellation Tug Company, which served to move Foss' operations onto the U.S. East Coast; and Harbor Marine Group Inc., which allows Foss to now offer international and domestic customers a full range of naval architecture, marine engineering, and logistics services.

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