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March, 2008 Moran Tug Service Signs Contract with Cameron LNG January, 2008 Moran Commences Operations in Two North Carolina Ports January, 2008 Moran Acquires a Tugboat Simulator from MarineSafety International April, 2007 Once Again, Moran Towing of Texas Receives the OSPRA Award January, 2007 Continued Growth for Moran LNG ship-docking services December, 2006 Moran Towing and Compania Maritima Pacifico Sign Long Term Marine Services Agreement November, 2006 Paul R. Tregurtha Voted "Maritime Man of the Year" by Massachusetts Maritime Academy November, 2006 Moran's Participation in U.S. Coast Guard Demonstration Earns Citation for Merit October, 2006 Expansive Tugs Area Maritime Company Adds Boats to its Fleet News Article Archive |
(New Canaan, Conn.) – Moran Towing Corporation, based in New Canaan, Conn., has been named one of the 2005 winners of The Principal® 10 Best Companies for Employee Financial Security. An independent judging panel of business leaders and employee benefits experts selected Moran Towing Corporation for its dedication to its employees as demonstrated by its outstanding package of employee benefits; noting in particular the maritime company's commitment to health care insurance and retirement savings. The nationwide program, which is sponsored by the Principal Financial Group, recognizes growing companies (between five and 1,000 employees) that excel at contributing to their employees' long-term financial security, particularly through employee benefits programs. "In a benefits landscape that is rife with cost pressures, the judges were extremely impressed that Moran Towing Corporation has maintained a solid commitment to help its employees achieve financial security," said Renee Schaaf, vice president at the Principal Financial Group. "Moran Towing stood out among the competition and is a role model for providing the very best in employee benefits." A summary of best practices gleaned from Moran Towing and other winners will be published in a Best Practices guide, available in January 2006 at www.principal.com . "All the judges were impressed that, given the demographics of Moran Towing with employees on ships all over the place, the company has maintained an exceptionally strong commitment to not only provide them with excellent health and retirement benefits but to help employees understand what those benefits are and how to use them well," said Corey Rosen, executive director and founder of the National Center for Employee Ownership. "That's not easy to do in that kind of environment." Moran Towing Corporation, which is a provider of maritime services, including ship docking, marine transportation of petroleum, coal, grain as well as providing towing services for container and cement barges has 825 employees. Moran Towing Corporation's commitment to its employees has enabled it to implement a benefits program that is well aligned with employee needs. "It's a great honor to be recognized as one of The Principal 10 Best Companies for Employee Financial Security," says Jeff McAulay, vice president of finance and administration for Moran Towing Corporation. "We work hard to provide a good level of benefits for our employees. They are our most important resource." Also among The Principal 10 Best—2005 are:
The program judges include: Dallas L. Salisbury, president and CEO, Employee Benefit Research Institute; Deborah J. Lucas, PhD., Household International professor of finance, Kellogg School of Management, Northwestern University; Nevin E. Adams, editor-in-chief, Plan Sponsor Magazine; Karen Ignagni, president and CEO of America's Health Insurance Plans (AHIP); Corey Rosen, executive director and founder of the National Center for Employee Ownership; David Wray, president, Profit Sharing/401(k) Council of America; and Susan Reece, vice president, Strategic Development, Leupold & Stevens, Inc. The Principal 10 Best Companies—2004 winner. The Principal 10 Best Companies for Employee Financial Security is a nationwide program that recognizes growing companies that excel, particularly through employee benefits, at contributing to their employees' financial futures and sense of financial security. Entry forms for the 2006 recognition program will be available at www.principal.com February 1, 2006. About Moran Towing Corporation www.morantug.com Moran Towing Corporation, with headquarters in New Canaan, provides marine transportation services and operation 85 tugboats and 30 barges. The company serves a diverse customer base, primarily along the East and Gulf coats of the United States. Founded in 1860, Moran Towing provides its 825 employees with top-of-the-line benefits including:
The Principal Financial Group® (The Principal ®)1 is a leader in offering businesses, individuals and institutional clients a wide range of financial products and services, including retirement and investment services, life and health insurance, and banking through its diverse family of financial services companies. A member of the Fortune 500, the Principal Financial Group has $187.8 billion in assets under management2 and serves some 15.2 million customers worldwide from offices in Asia, Australia, Europe, Latin America and the United States. Principal Financial Group, Inc. is traded on the New York Stock Exchange under the ticker symbol PFG. For more information, visit www.principal.com. 1"The Principal Financial Group" and "The Principal" are registered service marks of Principal Financial Services, Inc., a member of the Principal Financial Group. 2As of June 30, 2005 |
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50 Locust Avenue | New Canaan, CT 06840-4737 USA | Tel: 203.442.2800 |
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