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At Saltchuk we're proud of the positive impact our companies are making in their respective industries and communities. Regular updates will be posted here.
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TOTE Group Announces Acquisition of Aqua Gulf as Part of New Logistics Focus
December 10, 2024
TOTE Group is excited to announce the acquisition of Aqua Gulf, a leading third-party logistics provider in Puerto Rico and the U.S. For almost 60 years, Aqua Gulf has delivered cargo for its customers and the people and communities of the island. “I am excited for Aqua Gulf to join TOTE Group companies. Given our… Read more »
Saltchuk Fall Newsletter
November 1, 2024
To subscribe to our newsletter, click here! Fall | 2024 News & Events Spring Edition | Summer Edition Welcome to the Saltchuk family of companies e-newsletter, keeping you up to date on the significant events and achievements that have shaped our company in recent months. Young Brothers invests over $45 million… Read more »
Young Brothers Invests Over $45 Million to Enhance Reliability of Interisland Shipping
October 3, 2024
MORGAN CITY, LA – Last week, Young Brothers christened the Kalohi and Nāulu barges, marking a milestone in the more than $45 million investment to enhance the reliability and resilience of the interisland shipping services. Entering service in December 2024, the new barges will provide additional cargo capacity and were designed with advanced technology and features that make… Read more »
TOTE Services and Philly Shipyard Christen Second NSMV, Patriot State, Headed to Massachusetts Maritime Academy
September 9, 2024
Secretary of Transportation Pete Buttigieg attends ceremony highlighting importance of US maritime investments Philadelphia, PA – Today, TOTE Services, LLC and Philly Shipyard christened the second of five National Security Multi-Mission vessels (NSMVs), Patriot State, with the Secretary of Transportation, the Secretary of the Navy, and other key officials on hand to celebrate this milestone… Read more »
New Bedford Foss Marine Terminal Opens Deep Water Berth to Accommodate Offshore Wind Vessels
August 29, 2024
Foss Transforms Derelict Power Plant Property into Gateway for Wind Industry to Provide Clean Energy NEW BEDFORD, Mass. – The New Bedford Foss Marine Terminal (NBFMT) this month opened its first deep water berth after two years of demolition and construction to support North America’s emerging wind energy sector. The berth is part of Phase… Read more »
Saltchuk names Salazar, Estencion 2024 safety award honorees
August 20, 2024
Saltchuk is pleased to announce the honorees for the 2024 Saltchuk Safety Awards. Nominations received from across the Saltchuk family of companies highlighted incredible stories of safety mentorship, examples of going above and beyond, leading safety culture, and innovating to make operations safer for employees and the community. The Michael D. Garvey Award for… Read more »
Saltchuk Summer 2024 Newsletter
August 1, 2024
Sign up for our newsletter here. Summer | 2024 News & Events ICYMI: Spring Edition Welcome to the Saltchuk family of companies e-newsletter, keeping you up to date on the significant events and achievements that have shaped our company in recent months. Saltchuk welcomes Overseas Shipholding Group (OSG) to our family of… Read more »
Saltchuk Welcomes Overseas Shipholding Group to Its Family of Companies
July 10, 2024
Seattle, WA, Tampa, FL – Saltchuk Resources, Inc. (“Saltchuk”) today announced that it has successfully completed its previously announced tender offer to acquire all of the outstanding shares of common stock of Overseas Shipholding Group, Inc. (NYSE: OSG) not already owned by Saltchuk for a purchase price of $8.50 per share in cash, an enterprise… Read more »
Eastern Shipbuilding Group awarded contract to construct four escort tugs for Saltchuk Marine
July 8, 2024
PANAMA CITY, FL – Eastern Shipbuilding Group (ESG) has been awarded a contract to construct four new escort tugs for Saltchuk Marine. The vessels will be built at ESG’s Allanton and Port St. Joe facilities, with delivery expected in 2026. “We are pleased to partner with Saltchuk Marine on this significant fleet renewal project. Our team… Read more »
Overseas Shipholding Group Enters Into a Definitive Agreement to Be Acquired by Saltchuk Resources, Inc.
May 20, 2024
Purchase Price of $8.50 per Share in Cash Transaction Valued at $950 Million Tampa, FL and Seattle, WA, May 20, 2024 – Overseas Shipholding Group, Inc. (“OSG” or the “Company”) (NYSE: OSG), a leading provider of liquid bulk transportation services in the energy industry for crude oil and petroleum products primarily in the U.S. Flag… Read more »