Crowley Acquires Alaska's Anderes Oil Inc.

MarineLink.com
Wednesday, July 10, 2013

Crowley’s petroleum distribution group (CPD Alaska LLC) completes its acquisition of Anderes Oil , a longtime, well-respected fuel company in Ketchikan, Alaska. The Anderes family, after 50 years of serving Ketchikan, is leaving the oil business to pursue other interests.

Anderes Oil, Inc. is a commercial business complex located shoreside near downtown Ketchikan. It includes a bulk plant storing over a million gallons of petroleum products and has miles of pipeline to deliver the products. The company also has a marina with a fixed 110-foot-long float outfitted to conveniently supply a variety of marine fuels to southeast Alaska's mariner's. Twenty fuel stations, capable of pumping up to 200 gallons a minute allow Anderes to serve different size boats quickly and efficiently.

“Congratulations to the entire team on reaching this milestone,” said Rocky Smith , senior vice president and general manager. “This is our first venture in the southeast Alaska market and we are very excited to be expanding into this region. I am confident that we will be successful in integrating this business into the Crowley family while continuing the tradition of great service to the community of Ketchikan.”

While ownership will be changing, little else will say Crowley. The company will continue to provide great products and services under the Anderes name with its 20 employees, who will be welcomed as new members of the Crowley team. Crowley currently operates 22 fuel terminals in western Alaska and the rail belt, with over 265 employees. The opportunity to acquire Anderes Oil and expand into southeast Alaska is a welcome development for Crowley’s petroleum distribution business.



 

Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

COSCO China's Piraeus Bid Back on Track

China Ocean Shipping (Group) Co will bid for a majority stake in Greece's port of Piraeus after the country's new socialist government apparently reversed course

CMA CGM profits up 43%

French container line operator CMA CGM has announced that its 2014 net consolidated profits rose by 43% over the previous year to USD584 million thanks to a growth

US Navy: Future USS John Finn (DDG 113) Launched

The future USS John Finn (DDG 113) was launched at the Huntington Ingalls Industries (HII) shipyard March 28.  During launch the drydock was flooded allowing the

Fuels & Lubes

Methanol Powered Ferry Launched in Baltic Sea

Swedish ferry operator Stena Line has announced that it has converted the Stena Germanica to run on methanol, an industry first.   The company spent $24 million on converting the ship to methanol.

MAN Demonstrates Two-Stroke Methanol Engine Concept

MAN Diesel & Turbo successfully demonstrated its ME-LGI concept engine in front of customers and partners at its Diesel Research Center in Copenhagen on March 17th, the company announced today.

MARIN, Cruden, Tree C Technology Forge Small Ship Simulator

Severe vibrations and shocks of up to 9G over an average of 1000 hours per year. That’s what instructors of fast small ships such as the Fast Raiding, Interception

Mergers & Acquisitions

CSIC, CSSC Dismiss Shipbuilder Merger Rumors

China's state-backed shipbuilding giants said they have not received any merger-related information from authorities, after an executive swap between the firms sparked a market rally in their shares.

Swire Pacific Offshore Acquires 2 Newbuildings

Shipowner and operator, Swire Pacific Offshore Operations (Pte) Ltd (SPO) celebrated the naming of two new vessels, Pacific Centurion, an Anchor Handling Tug Supply (AHTS) vessel,

Golden Ocean and Knightsbridge Complete Merger

The merger between Knightsbridge Shipping Limited and Golden Ocean Group Limited was approved today at special meetings of both companies' shareholders.      The new company,

 
 
Maritime Contracts Naval Architecture Navigation Offshore Oil Pipelines Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1836 sec (5 req/sec)