Zier Joins Crowley Offshore Services
Crowley Maritime Corp. has appointed Jonathan Zier manager of business development in Houston.Zier will assist customers globally with marine transportation projects such as sealifts and beach-landings, as well as offshore and coastal towing and installation of rigs, spars and other structures. He will also be responsible for providing solutions for alternative energy projects such as liquefied natural gas (LNG) terminals, offshore wind power generation, and other projects requiring offshore or coastal equipment and expertise.Zier will report to Johan Sperling…
Crowley Acquires Three SeaRiver Tankers
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.
Post Hurricane Maria, Crowley to assist Puerto Rico's Recovery
It’s been called the most logistically challenging relief effort the United States has ever managed. When nearly Category 5 Hurricane Maria struck Puerto Rico, it left a wake of destruction that residents and emergency responders are still reckoning with. The road to recovery for an island like Puerto Rico is different from mainland locations. The American territory sits about 1,000 miles away from the closest city in the contiguous United States. Transportation of cargo, supplies and equipment requires specialized vessels or aircraft, even in good times.
Crowley Restructures Business Units
Crowley Maritime Corporation announced it has restructured its business units as the company aims to increase its focus on government-related business and better align vessel operations and fuel distribution services. Over the coming months, the 125-year-old company will transition its non-liner and logistics business units into three main service lines: Crowley Shipping, Crowley Fuels and Crowley Solutions. “This plan facilitates a pivot towards growing the company’s government portfolio of work…
Ellis Named Chembulk Tanker CEO
Chembulk Tankers appointed David Ellis as Chief Executive Officer (CEO), succeeding Jack Noonan who will retire after 10 years of leading the team at Chembulk Tankers. Effective November 1, 2017, Jack will take on the role of CEO Emeritus through the balance of the year and will continue to advise and counsel Chembulk as part of the leadership transition. Ellis has more than 30 years in chemical and petroleum transportation experience, including over 20 years with Odfjell SE in…
OSG Reports $284m Profit In 2015
Overseas Shipholding Group, a provider of oceangoing energy transportation services, reported results for the fourth quarter and full year 2015. The company reported net income of $9.3 million in its fourth quarter. The crude oil and petroleum transportation company posted revenue of $243.7 million in the period. For the year, the company reported profit of $284 million, or 49 cents per share. Revenue was reported as $964.5 million. The Board has declared a dividend of $0.08 per share. “We are pleased to report strong results for the 4th quarter and full year 2015,” said Captain Ian T.
Latvian Shipping's IPO in 2016
Marine petroleum transportation specialist Latvian Shipping Company (LSC) hopes to raise EUR 80 million via an initial public offering (IPO) on the Riga Stock Exchange in the first half of 2016. The Supervisory Council of LSC has supported the Management Board’s proposal to raise the equity capital in the IPO. LSC is looking to double its share capital and raise equity of EUR 80mn in order to pay down existing debts due in 2016 and 2017. The LSC Management Board believes a share capital raising would achieve this and place the company in a stronger position.
Crowley Maritime Receives ECOPRO Award from WA State
The State of Washington’s Department of Ecology has honored Crowley Maritime Corporation’s petroleum services division with the Exceptional Compliance Program (ECOPRO) award in recognition of excellence in marine safety and environmental stewardship. The ECOPRO program represents a unique, non-regulatory environmental protection program for tank vessels, recognizing operators who demonstrate exceptional compliance with the program’s strict criteria. Deputy Director Polly Zehn…
Tankship Asset Price Forecasting Mysteries Explained
Marine transport advisors, McQuilling Services recently released its 2014-2018 Tanker Market Outlook that forecasts spot freight rates across eight tanker classes and 13 major trading routes. This year’s edition also includes a forecast of asset prices over the same period for newbuilding, 5-year old and 10-year old tankers in these eight tanker classes. "This note discusses an important element of McQuilling’s forecasting process – the development of tanker supply. Tonnage supply…
Wärtsilä to Supply FSU, Shuttle Tanker, Inert Gas Systems
Wärtsilä is to supply inert gas systems for a Floating Storage Unit (FSU) on Norway's Heidrun offshore oil & gas field, and for two supporting shuttle tankers. The FSU is owned by Statoil, the Norwegian state owned energy company, and the tankers by AET Tanker Holdings, the Singapore based petroleum transportation company. All three vessels are being built by Samsung Heavy Industries (SHI) in South Korea. The Wärtsilä contract with SHI was signed in February 2013. Delivery of the Wärtsilä equipment is scheduled for October, 2013.
Crowley's ATB Vision/650-10 Ready to Deliver
Designed to deliver petroleum products on the U.S. West Coast, the vessel is designed with safer, more efficient fixed-tank cleaning system. Crowley Maritime Corporation's Vision/650-10, the last of 10 Articulated Tug Barges (ATBs) in the 650-series new-build program, has been delivered by V.T. Halter Marine in Pascougla, Miss. The ATB is now ready to enter service and will transport petroleum products between U.S. West Coast ports. The Vision/650-10, which has a capacity of 185,000 barrels, will be operated by Crowley's petroleum services group.
How to Start A Towing Vessel NCOE
Last summer, USCG Commander Gregory Case was charged with transforming the Coast Guard’s Towing Vessel National Center of Expertise (TVNCOE) from a plan on paper to a brick and mortar reality. The center is one of seven National Centers of Expertise, and is charged with training towing vessel examiners and inspectors, being a repository of towing vessel expertise and forming and strengthening partnerships with industry. In May 2010 the center was officially opened in Paducah, Kentucky.
Crowley Christens ATB Tank Vessel in Tampa
On March 26, Crowley Maritime Corporation christened the eighth of 10 new 185,000-barrel Articulated Tug-Barge (ATB) tank vessels that the company will take delivery of by 2011. The vessels christened were the tug Achievement and barge 650-8. Sure to be no stranger to the Tampa waterfront, the vessel is scheduled to visit the port once a week as it carries petroleum products for Marathon Oil Corporation. The vessel joins other Crowley owned and or managed vessels - ATB Pride/650-7 and tankers Coast Range…
Crowley Restructures Senior Management
Crowley Maritime Corporation announced a restructuring involving three members of its senior leadership team. John Douglass and Rob Grune will move to new positions, with Douglass taking over as senior vice president and general manager of Crowley's Puerto Rico/Caribbean liner services, and Grune taking over as senior vice president and general manager of Crowley's petroleum transportation group. Both executives will remain domiciled in Jacksonville and continue to report to Tom Crowley, chairman, president and CEO.
Crowley ATB Largest to Transit Alaskan Waters
Crowley's petroleum transportation group recently made history, as its 155,000-barrel ATB, Sea Reliance/550-1, became the largest of its kind to have ever transited Alaskan waters. Under the watchful command of Capt. Scott Murdock, Sea Reliance/550-1 completed a voyage from Martinez, Calif., to Anchorage, Alaska carrying a full load of jet fuel. The journey, which occurred without incident, was met with several weather concerns because of an early start to the winter storm season.
Tessier VP Sales & Chartering, Crowley
Crowley Maritime Corporation announced that Dorine Tessier has been named vice president of sales and chartering for its petroleum transportation group. In her new role, she will report to John Douglass, senior vice president and general manager of Crowley's Gulf/Atlantic region. She will relocate from Anchorage to Jacksonville. As vice president of sales and chartering, Tessier is responsible for the planning and direction of the group's sales and chartering initiatives, overseeing development of policies and procedures…
Thomas B. Crowley Sr. Memorial Scholarships
Crowley's commitment to provide scholarship opportunities to deserving students continued on Dec. 7 as four U.S. Merchant Marine Academy cadets were presented Thomas B. Crowley Sr. Memorial Scholarships at the Containerization and Intermodal Institute's Connie Awards luncheon in Newark, N.J. Cadets John Buehler, Patrick Delargy, Andrea Morrison and Kyle O'Connor were awarded with Thomas B. Crowley Sr. Memorial scholarships based on their exemplary academic records and financial need. Midshipmen Marie Ebers was also awarded the Containerization & Intermodal Institute's Richard A.