FEBRUARY 4, 2013 — New York City headquartered McAllister Towing reports that Buckley McAllister has been promoted to the position of President. His father, Captain Brian A. McAllister, President of the company since 1984, will remain as Chairman.

Buckley McAllister joined McAllister Towing in 1998 and has served as the company's Vice President and General Counsel since that time. Prior to joining McAllister Towing, Buckley was an Associate at Hill, Betts and Nash LLP. He is a member of the bar in New York, California and a number of federal jurisdictions. In addition, Mr. McAllister is also a Director of Steamship Mutual Underwriting Association Trustees (Bermuda) Limited, Director of the U.S. Coast Guard Foundation and Vice Chairman for the American Waterways Operators.

He is a member of the fifth generation of the McAllister family that has owned and operated McAllister Towing since 1864.

Captain Brian A. McAllister has been working at McAllister Towing since 1959. Along with other members of the fourth generation of the family, Brian purchased McAllister Towing from the third generation in 1974. He became President in 1984 and became sole owner in 1998.

"After the company's nearly 150 years in the industry it is with extreme gratification that I announce the successful passing of the Presidency to my son Buckley McAllister," said Captain McAllister. "Working side by side with him since 1998, I am confident that Buckley and my other son Eric, the company's Chief Financial Officer, will continue to provide our traditional brand of unsurpassed service to the maritime industry."

As well as Buckley and Eric McAllister, other fifth generation family members serve in key executive positions. Captain A.J. McAllister III is Senior Vice President of Sales, Andrew McAllister is Vice President of Information Technology and Captain Jeffrey McAllister is Senior Docking Pilot in New York.

McAllister Towing is one of the oldest towing and transportation companies in the United States and has been providing its service to customers since Captain James McAllister founded the company in 1864. The company operates a modern fleet of more than 75 tugs in a dozen ports covering the U.S. East Coast from Portland, Maine to San Juan, Puerto Rico. In each port, McAllister Towing is engaged in ship docking, general harbor towing, coastal towing and bulk transportation.