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 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Schlumberger Announces Q1 Results

Schlumberger Limited (NYSE:SLB) today reported first-quarter 2014 revenue from continuing operations of $11.24 billion versus $11.91 billion in the fourth quarter of 2013, and $10.

Russia Ships First Oil From Offshore Arctic Platform

President Vladimir Putin hailed Russia's first shipment of Arctic offshore oil on Friday, saying the platform decried by environmentalists will help Moscow expand its global energy markets share.

Shipping Turns From Banks to Equity Markets for Cash

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector

Fuels & Lubes

Bunker Specialists Endofa Name Hoffmann CEO

Endofa, an independent marine fuel supplier and bunker trader, informs it has named Lars Hoffmann as Chief Executive Officer. Prior to joining Endofa, Hoffmann

YPF Tenders to Buy Fuel Oil for June

State-run oil company YPF launched its second fuel oil tender in April, this time to buy two 50,000 metric ton cargoes (some 375,000 barrels each) to be received

China crude oil output up

China's refinery crude throughput in March rose 2.6 percent from a year earlier to 41.92 million tonnes, or 9.87 million barrels per day (bpd), data from the National

Mergers & Acquisitions

PetroVietNam Gas's Q1 gross profit falls 27.5%

PetroVietNam Gas's first-quarter gross profit fell 27.5 percent to 3.9 trillion dong ($185 million) from a year earlier, the Lao Dong (Labour) newspaper reported.

Inchcape Shipping Services Opens in Venezuela

Inchcape Shipping Services (ISS), the world’s leading maritime services provider, has expanded its network in Central and South America with the opening of ISS Venezuela in Puerto La Cruz,

Van Oord acquires 100% control of Dravo

Van Oord has acquired all shares of its Spanish subsidiary Dravo S.A.  Dravo S.A. has been owned, since 1987, by Van Oord (50%) and the Spanish company Dragados S.

 
 
Maritime Security Maritime Standards Naval Architecture Offshore Oil Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | 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: 0.1099 sec (9 req/sec)