MORAN TOWING CORPORATION

Moran Towing is a leading provider of ship docking, marine transportation, and LNG activities, as well as contract, specialty, and general towing services. Our tug fleet services the most ports of any operator in the United States, and services LNG terminals along the U.S. east and Gulf coasts and the west coast of Mexico. The Moran barge fleet serves the U.S. Gulf and Atlantic Coasts, Puerto Rico, and the inland waters of the U.S. eastern seaboard. Moran operates within three primary areas of business activity: • Ship docking, LNG activities, and general towing, in and around the ports and terminals we serve • Marine transportation of petroleum and dry bulk products • Contract towing and specialty towing The company currently owns and operates 100 tugs and 30 barges. To ensure the efficiency and growth of our tug and barge fleets, we maintain an ongoing program of advanced vessel construction. Moran's newest vessels - especially our Z-drive tractor tugs and Articulated Tug and Barge units (ATBs) - use state-of-the-art propulsion technology and vessel architecture to enhance performance and safety. Moran is committed to using double-hull barge design and construction, and our entire fleet of petroleum tank barges is double-hulled. Moran serves 17 ports, each with its own localized management, dispatch and engineering functions. All are operational 24 hours a day, 365 days a year. In addition to its routine operations, Moran is known for its ability to successfully plan and execute exceptionally large, complicated or demanding special projects. Our experience, technical expertise, and good standing with government and regulatory agencies are crucial assets in answering these needs.