rss icon Subscribe
desktop mobile

Crowley Acquires Three SeaRiver Tankers

California (Photo: Crowley)

Crowley Alaska Tankers, LLC, has completed its acquisition of three tankers from SeaRiver Maritime Inc. and is now chartering the vessels back to SeaRiver under varying multi-year terms.

The tankers Liberty Bay and Eagle Bay, now under Crowley ownership and operation and renamed Washington and California respectively, each have a capacity of 760,000 barrels and transport crude from Alaska to West Coast refineries. The tanker SR American Progress, renamed Oregon, has a capacity of 342,000 barrels and transports refined petroleum between the U.S. Gulf and East Coast ports.

Crowley signed the purchase agreement in November 2017.

"With the regulatory approvals in place and the sale officially complete, we are now focused on operating these tankers in the safest, most reliable manner possible," said Tom Crowley, chairman and CEO of Crowley Maritime Corp.

Crowley operates and manages the largest U.S.-flag petroleum and chemical tank vessel fleet in the country. With the acquisition of these three tankers, the company now owns and/or operates a fleet of Jones Act-qualified double-hull tank vessels, including 17 articulated tug-barges (ATB) and now 23 tankers with a combined capacity of more than 12 million barrels, all built since 2002. Among this tank vessel fleet is a tanker and an ATB already on charter to SeaRiver, a privately held subsidiary wholly owned by ExxonMobil.

Crowley has been operating in Alaska since 1953, providing upstream energy support services, tanker assistance and escort services with tugboats, and petroleum transportation, distribution and sales. In addition to the company's own ATBs operating in Alaska, Crowley manages and crews tankers carrying petroleum between Alaska and U.S. West Coast refineries.

Apr 17, 2018

 

Finance

Baltic Index Down for Fifth Straight Session

© hdcphoto / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk

PAO Sovcomflot: Tanker Market is Challenging

Photo: PAO Sovcomflot

PAO Sovcomflot (SCF Group) continued to increase the share of its fleet serving long-term energy

Federal Funding for Port of Vancouver

Photo: Vancouver Fraser Port Authority

The Vancouver Fraser Port Authority received federal funding for projects that will improve the

Coastal/Inland

Tidewater Attains First Sub M COI on the West Coast

Back row (l-r): Chris Springer, District 13 USCG; Bill Collins, Tidewater EHS&S Director; Josh Jarman, Tidewater Quality & Compliance Manager; Marc Schwartz, Tidewater Maintenance & Engineering Manager; Craig Nelson, Tidewater Vessel Operations Manager; Bruce Reed, Tidewater VP & COO; Josh Nichols, Tidewater Captain & Assistant Port Captain. Front row (l-r): Austin Murai, MSTC USCG; Brian Fletcher, Tidewater Port Captain; Jeff Deronde, MST1 USCG (Photo: Tidewater)

Tidewater Transportation and Terminals of Vancouver, Wash., announced today that the Office of

Apply Now for the MN100

© Alexander Timofeev / Adobe Stock

Each year the August edition of Marine News magazine, the leading voice in the North American

Finferries, Rolls-Royce to Advance Autonomous Navigation

(Photo: Rolls-Royce)

Finnish shipowner Finferries has partnered with Rolls-Royce in an effort to advance technologies

Maritime Apps