Massachusetts Maritime Academy’s honorary induction said the following:
Dr. James S. C. Chao has dedicated his life to the maritime industry and to philanthropy. He is the Founder and Honorary Chairman of Foremost Group, an American shipping company known for its honor, integrity and performance.
After earning his MBA in Management at St. John’s University in New York, Dr. Chao founded Foremost Maritime Corporation which later expanded to Foremost Group. An early adopter of green technology, Foremost has incorporated fuel-efficient designs and technology in its fleet which consists of some of the world’s largest eco-friendly dry bulk carriers. For his outstanding contributions to the maritime industry, Dr. Chao was inducted into the International Maritime Hall of Fame at the United Nations. Dr. Chao and his late wife, Mrs. Ruth Mulan Chu Chao, have devoted their lives to promoting education and philanthropy.