SEATTLE, June 7, 2012 – Marine Resources Group, Inc. that it has sold its Paraguay and Uruguay operations of the Mercusor Shuttle Group (MSG) to Paraguay´s main port operator Puertos y Estibajes S.A., “Puerto Fenix.” The transaction was completed and closed on June 7, 2012 Marine Resources Group will continue to operate its Argentine subsidiary, CMSA, in the Argentina cabotage bulk trade. MSG will continue to operate in the Hidrovia Parana Paraguay under its new ownership Puertos y Estibajes S.A. (Puerto Fenix).
About Marine Resources Group, Inc.
Marine Resources Group (“MRG”), located in Seattle, Washington, owns and manages tug, barge and ancillary marine service companies with worldwide operations. MRG has the largest and most capable coastal tug and barge fleet in the United States offering the broadest range of services.
About Puertos y Estibajes S.A.
Puertos y Estibajes S.A. located in Mariano R. Alonso, Paraguay owns and operates Puerto FENIX, Paraguay´s main Port, it operates with Containers, Grains and General Cargo.