BLUE WATER TRANSPORTATION

American Shipping Group, Inc. American Shipping, a wholly-owned subsidiary of Saltchuk, oversees three independently managed companies: two off-shore domestic liner companies and a ship management company for vessel owners. Corporate Headquarters: 32001 32nd Ave South, Ste 210, Federal Way, Washington 98001; (253) 449-8149; www.amershipgrp.com

	ASG is the managing partner and has a 90% equity interest in Sea Star Line (“SSL”). Sea Star provides common carrier service from the U.S. mainland to and from Puerto Rico, the U.S. Virgin Islands, and the Dominican Republic. It operates three combination roll-on roll-off / lift-on lift-off vessels combined with a capacity of over 1,800 forty-foot equivalent units; and offers intermodal service throughout the United States to and from its terminals in Jacksonville, Port Everglades, Port Elizabeth and Houston. Sea Star controls roughly twenty-five percent of all domestic freight destined to Puerto Rico. Corporate Headquarters: 10550 Deerwood Park Blvd., #509; Jacksonville, Florida 32256; (904) 855-1260; www.seastarline.com.			Totem Ocean Trailer Express (“TOTE”), a wholly owned subsidiary of ASG, provides common carrier service to and from the Railbelt region of Alaska. Started in 1975, today TOTE has four roll-on roll-off vessels, with a combined capacity of over 2,000 forty-foot equivalent units. TOTE offers trucking and rail service throughout the Lower 48 to and from its Tacoma, Washington terminal, in addition to rail and trucking connecting service throughout Alaska. TOTE moves roughly thirty-five percent of all cargo destined to south-central Alaska; and has terminal facilities in Tacoma, Anchorage, Fairbanks and Kenai; and offices in Dallas and Portland. Corporate Headquarters: 32001 32nd Avenue South, Suite 200, Federal Way, Washington 98001; (253) 449-8100 or 1-800-426-0074; www.totemocean.com
	Spectrum Logistics, a Sea Star Line Company, is a premier logistics company based in the southeastern United States. The Company provides a variety of logistics services, including nationwide trucking, warehouse and cross dock operations, consolidation and deconsolidation services, and heavy lift and project cargo handling. Spectrum also is a licensed Customs House Broker and International Freight Forwarder, and provides consulting for logistics solutions worldwide. Spectrum Logistics, 10550 Deerwood Park Blvd, #509, Jacksonville, Florida; 32256; 800.745.1225; www.spectrumlogistics.us			IAS, a wholly owned subsidiary of ASG, is a technical ship management and ship crewing company. IAS today employs over 2,000 seamen and manages and operates some twenty five vessels, including roll-on/roll-off vessels, car carriers, break-bulk cargo vessels, crane ships and one semi-submersible self propelled platform. IAS is a certified S.Q.E (Safety--Quality-Environmental) company under the ISM code and the standards of ISO-9001and ISO-14001. Corporate headquarters: 302 Harper Drive, #200, Moorestown, New Jersey 08043; (856) 770 5635; www.iashipping.net

GREEN WATER TRANSPORTATION

Marine Resources Group owns and operates a fleet of tugs, barges and supporting assets, providing marine transportation logistics and services throughout the world. Saltchuk is the sole equity investor. Corporate Headquarters: 1177 Fairview Avenue North; Seattle, Washington 98109; 206-381-5800; www.marineresourcesgroup.com The Company is organized with four separate wholly owned and independently managed operating companies that provide marine transportation services using six different brand names:

	AmNav Maritime Services is a California-based harbor services company. Am-Nav provides ship assist, regional towing and construction support services. The Company currently owns and operates 12 tugs and barges. Corporate Headquarters: 201 Burma Road, Oakland, California 94607; 510-834-8847;www.amnav.com			Constellation Maritime Company is a harbor Services Company based in Charleston, Massachusetts. Constellation operates a fleet of four tugs and three barges, providing ship assist and marine services in the ports of Boston, Quincy, and Salem. Constellation operates as a subsidiary of Foss Maritime Company. Regional Headquarters: 100 Terminal Road, Charlestown, Massachusetts 02129; 617-561-0223;www.constellationtug.com
	Foss Maritime Company (“Foss”) provides harbor services, regional and worldwide ocean towing and other marine transportation services. Founded by Thea Foss in 1889, Foss today owns and operates roughly 150 tugs and barges. Corporate Headquarters: 660 West Ewing, Seattle, Washington 98119; 206-281-3800; www.foss.com			Hawaiian Tug & Barge (“HTB”) is based in Honolulu and provides harbor services and tug and barge transportation services throughout the Hawaiian Islands. The Company owns and operates 8 tugs and barges. Hawaiian Tug & Barge, 1331 North Nimitz Highway, Honolulu, Hawaii 96817; 808-543-9311; www.htbyb.com
	American Cargo Transport (ACT), a wholly owned subsidiary of Foss Maritime Company, operates ATB’s and towed barges in the international containerized and non-containerized trade, serving primarily the Middle East, Africa and the Caribbean. Corporate Headquarters: 16300 Christensen Road, Suite 203, Seattle, WA 98188; 206-243-1800;www.amerct.com			Young Brothers (“YB”) provides common carrier transportation service between the Hawaiian Islands. Founded in 1900, YB is regulated by the Hawaiian State Public Utilities Commission and has terminal facilities in Honolulu, Hilo, Kahului, Kawaihae, Lanai, Maui, Molokai and Nawiliwili. Young Brothers currently operates 15 tugs and barges. Corporate Headquarters: Young Brothers, 1331 North Nimitz Highway, Honolulu, Hawaii 96817; 808-543-9311; www.htbyb.com
	Mercosur Shuttle Group: CMSA, an Argentinean company, provides marine transportation services to and from points within Argentina on the Parana River. Corporate Headquarters: Dardo Rocha 2070 -2nd Piso 1640 Martinez, Buenos Aires, Argentina (5411) 4836-2002; CMSP, a Paraguayan company, operates the Mercosur Shuttle, which provides common carrier river transportation service to and from Argentina, Uruguay and Paraguay. CMSP currently operates 7 tugs and barges. Corporate Headquarters: Independencia Nacional 811, Piso 15 – Edificio “El Producton”, (1245) Asuncion – Paraguay; 011-595-21-444-695;www.msgcontainerline.com; CMSU, an Uruguayan Company providing marine transportation between Uruguay, Argentina and Paraguay on the Rio de La Plata, Parana and Paraguay rivers. Corporate Headquarters: Cerrito 532, Officna #801, Montevideo - Uruguay (5982) 915-98 55.

PETROLEUM PRODUCTS

North Star Utilities Group, a wholly-owned subsidiary of Saltchuk, oversees three independently managed companies. Corporate Headquarters: 5301 Ballard Avenue, Seattle, Washington 98107; (206) 792-0077

	Delta Western, a wholly owned subsidiary of North Star Utilities Group, markets petroleum products throughout Southeast, the Aleutian Chain and Western Alaska. The Company has fuel terminal facilities in Juneau, Wrangell, Yakutat, Haines, Dutch Harbor, Naknek, Dillingham, and the Pribilof Islands; and offices in Anchorage and Seattle. Delta Western operates retail gas stations; provides home heating fuel delivery; and provides direct deliveries to remote Alaskan bush and coastal communities. The company sells a variety of gasoline grades, heating fuel, diesel and aviation fuel totaling roughly 100,000,000 gallons a year. Corporate Headquarters: Delta Western, 509 W 3rd Ave, Ste 101, Anchorage, Alaska 99501; 800-478-2688; www.deltawestern.com			Inlet Petroleum, a wholly owned subsidiary of North Star Utilities Group, markets and distributes petroleum lubricant products throughout Alaska. The Company is a distributor for lubricant products manufactured by Chevron, Penzoil, Conoco-Phillips and British Petroleum; and supports its customers involved in oil exploration, trucking, food service, retail service stations and marine transportation industries. Corporate Headquarters: Inlet Petroleum, 459 West Bluff Drive, Anchorage, Alaska 99501; 907-274-3834; www.inletpetroleum.com
	E Mau, a wholly owned subsidiary of North Star Utilities Group, markets and distributes petroleum products and operates convenience stores through three subsidiaries in Hawaii. Maui Petroleum is the leading distributor of refined petroleum products on Maui while Hawaii Petroleum is the leading distributor of refined products and lubricants on the Big Island. The Company is a distributor for lubricants manufactured by Conoco-Phillips and Shell Oil. Minit Stop operates nine convenience stores on the Island of Maui and three stores on the Big Island. Corporate Headquarters: E Mau, 385 Hukilike Street, Kahului, Maui, Hawaii 96732; (808) 270-2820

AIR CARGO

Saltchuk Air Cargo, a wholly-owned subsidiary of Saltchuk, oversees three independently managed companies: two air cargo companies and one third party logistics provider. Corporate Headquarters: 1111 Fairview Avenue North; Seattle, Washington 98109; 206-652-1131

Northern Air Cargo, a wholly owned subsidiary of Saltchuk Air Cargo, has been providing air cargo service to Alaska’s rural communities, and beyond, since 1956. NAC moves roughly 100 million pounds of freight and mail within the state of Alaska annually, and can operate around the clock, offering both scheduled flights and charter service. NAC provides scheduled service to 17 locations within the state and transports cargo to Deadhorse, serving all of the companies doing business on the North Slope. As a U.S. Department of Defense-certified carrier, NAC participates in the CRAF program, flying military goods to various remote sites in Alaska. Corporate headquarters: Northern Air Cargo, 3900 Old International Airport Road, Anchorage, Alaska 99502; 907-243-3331;www.northernaircargo.com Northern Air Aviation Services (NAAS) is a division of Northern Air Maintenance, offering ground services at Ted Stevens Anchorage International Airport. NAAS provides baggage handling, push back, and marshalling services, as well as aircraft grooming, catering, lavatory and water service for most narrow body aircraft. Corporate headquarters: 6601 S Airpark Rd, Anchorage, Alaska 99502; 907-243-3331; www.northernaircargo.com Northern Air Maintenance, a wholly owned subsidiary of Saltchuk Air Cargo, includes an FAA Part 145 Repair Station in Anchorage, Alaska. The services offered by the repair station include line maintenance and scheduled inspections by a staff of mechanics working twenty-four hours a day, seven days a week. NAMS’s hanger can accommodate most narrow body aircraft and their staff can perform de-ice services and line maintenance anywhere on the field. 6601 S Airpark Rd, Anchorage, Alaska 99502; 907-243-3331;www.northernaircargo.com

ALTA Air, a wholly owned subsidiary of Saltchuk Air Cargo, is a logistics company specializing in both domestic and international shipments. ALTA Air offers 3PL services, project and materials management, freight consolidation and multi-modal transportation. With a team of dedicated logistics professionals, ALTA Air offers fast and efficient freight forwarding anywhere in the world. Corporate headquarters: Alta Air Logistics, 1407 W 31st Suite 500, Anchorage, Alaska 99503; 1-866-961-ALTA;www.shipalta.com Reliant Logistics became a wholly owned subsidiary of Saltchuk Air Cargo. in 2008, but has been offering comprehensive air charter management and logistics services since 2000. As a non-asset based third party, Reliant specializes in providing the right aircraft for customer’s needs, from a Cessna 310 to a Boeing 747-200F. With experts in domestic and international shipping, Reliant has the experience to handle large projects and exotic cargo. Corporate headquarters: Reliant Logistics, 856 Willow Run Airport, Ypsilanti, MI 48198; 800-755-9464; www.reliantlogistics.com Aloha Air Cargo, is a wholly owned subsidiary of Saltchuk Air Cargo. It became part of the Saltchuk Air Cargo family on 14 May 2008. However, Aloha has been providing dedicated freighter service in Hawaii since 1985. Aloha operates a fleet of Boeing 737 aircraft and currently carries approximately 85% of all the freight between the Hawaiian Islands. Aloha carries a diverse range of freight; from cargo for well known courier services such as UPS, FedEx and DHL to a broad range of products like baked goods, newspapers, pets, fresh produce, flowers, tropical fish, surfboards and general cargo. It is the only overnight carrier of cargo between the Islands to offer refrigeration capabilities at all of our Neighbor Island locations. Aloha carries 108 million lbs of freight and 15 million lbs of mail annually. Corporate headquarters: Aloha Air Cargo, 371 Aokea Place, Honolulu, HI 96819; 808-836- 4191; www.alohaaircargo.com

REAL ESTATE

	Saltchuk is the sole equity investor in Ilahie Holdings, Inc., which owns a portfolio of commercial properties in the Pacific Northwest. Ilahie has acquired and developed office, marina, and retail space concentrated around the Seattle market. Ilahie was founded in 1996. Corporate Headquarters: 1151 Fairview Avenue North; Seattle, Washington 98109; 206-262-1400; www.ilahie.com			Saltchuk has a 50% interest in Roche Harbor Resort & Marinas. Originally the site of a Hudson’s Bay Company trading post in 1845, and then the site of the Tacoma and Roche Harbor Lime Company starting in 1886; Roche Harbor was founded as a resort in 1956. Today, the resort features a 377-slip marina; hotel, condominium and cottage accommodations; several dining options; and other resort amenities. Located on San Juan Island, the resort is considered the premiere marina and resort in the Pacific Northwest. Corporate Headquarters: Roche Harbor, 248 Reuben Memorial Drive, Roche Harbor, Washington 98250; 360-378-2155; www.rocheharbor.com

Saltchuk Undeveloped Properties: Saltchuk has a portfolio of undeveloped waterfront and timberland properties throughout the Pacific Northwest. Combined, these properties total over 2,000 acres. This land is managed out of the Saltchuk office at 1111 Fairview Avenue North, Seattle, Washington 98109