MN 100: Crowley

Posted by Nicole Ventimiglia
Tuesday, August 26, 2014

9487 Regency Square Boulevard
Jacksonville, FL 32225
Tel: (800) 276-9539
Email: corpcomm@crowley.com 
Website: www.crowley.com
Chairman & CEO: Thomas B. Crowley


The Company:
Crowley Maritime Corporation is a U.S.-owned and operated marine solutions, transportation and logistics company providing services in domestic and international markets through six operating lines of business: Puerto Rico/Caribbean liner services; Latin America liner services; logistics; marine contract solutions; deep sea petroleum transportation; and petroleum transportation, distribution and sales in Alaska. The primary services offered by these six business lines include Shipping and Logistics, Alaska Fuel Sales and Distribution, Petroleum and Chemical Transportation, Harbor Ship Assist and Tanker Escort, Vessel Management, Marine Salvage, Wreck Removal and Emergency Response, OPA 90 Compliance, Project Management, Heavy Lift Barge Transportation, Ocean Towing, Engineering, Naval Architecture, Vessel Design and Construction Management, Project Logistics and Global Freight Management, and liquid natural gas, just to name a few. Crowley supports all six of its primary business segments with centralized corporate operations, including purchasing, human resources, information technology, public relations and advertising, training, travel and facilities development. Additionally, Crowley often provides vessel design, construction management and vessel management services for company-owned vessels that are chartered for use in their operating lines of business. Founded in 1892, when founder Thomas Crowley, the grandfather of current chairman and CEO Thomas B. Crowley Jr., purchased an 18-foot Whitehall boat to provide transportation of personnel and supplies to ships anchored on San Francisco Bay, the present structure, in which Crowley Maritime Corporation serves as a holding company for business lines and all subsidiaries, was put in place in 1992. The company remains today wholly and privately owned by the Crowley family and Crowley employees. Crowley-owned subsidiaries include TITAN Salvage, Jensen Maritime Consultants and Customized Brokers.

The Case:
Today, Tom Crowley Jr. and his leadership team direct a company with more than $1.6 billion in annual revenues and approximately 5,300 employees. The firm, one of the largest employers of U.S. mariners, maintains a fleet of 200 vessels, consisting of RO/RO (roll-on-roll-off) vessels, LO/LO (lift-on-lift-off) vessels, articulated tug-barges (ATBs), tugs and barges. Its land-based facilities and equipment, which supports a complete supply chain solution, include terminals, warehouses, tank farms, office buildings, trucks, trailers, containers, chassis, cranes and other specialized vehicles. For more than a century, Crowley has set the standard for dependability and innovation. And, the company has grown from a one-man operation into a worldwide marine, transportation and logistics services provider by consistently delivering for its myriad customers. In terms of leadership, the firm has few rivals, evidenced by its bold, early move into the ATB space, eventually building out a fleet of 17 vessels. In May of last year, Crowley entered the liquefied natural gas (LNG) market by acquiring Carib Energy LLC. Also that month, Crowley’s liner services group added more than 3,000 pieces of equipment. The additional resources allowed the company to better meet increasing customer demand throughout Puerto Rico, the Caribbean and Latin America regions. Not done yet, Crowley announced in August 2013 that it would expand its fleet of petroleum vessels by building eight product tankers. Delivery of those vessels is slated between 2015 and the end of 2017. And, Crowley subsidiary TITAN Salvage, has been closely involved in the salvage of the Costa Concordia cruise ship. In short, there isn’t much on the waterfront that Crowley hasn’t looked into or is actively involved.
Take, for example, Crowley subsidiary Jensen Maritime, whose client base is wide and includes all sizes and types of tonnage. Ongoing in-house projects include an LNG bunker barge, the LNG-powered tug, LNG powered ATB designs and of course, the design work with the larger, faster and environmentally-friendly liquefied natural gas (LNG)-powered, combination container – Roll-On/Roll-Off (ConRo) ships. Already in the thick of LNG, Jensen will provide construction management and supervision in the shipyard throughout the building phase of the ConRo’s.
Today’s Crowley Maritime Corporation would be hardly recognizable to its founder, but in the many years that have passed since its inception, the firm can still be summed up today remembering that it remains all about “people and safety – the Crowley way.” The rest is just details.



(As published in the August 2014 edition of Marine News - http://magazines.marinelink.com/Magazines/MaritimeNews)
 

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

People & Company News

Sapurakencana Wins 3 Petronas Oil blocks

SapuraKencana Petroleum Berhad today announced that it has entered into Sale and Purchase Agreements to acquire the entire interest of PETRONAS in 3 blocks offshore

Kemp Succeeds Semple at Wood Group

Wood Group announced following changes to its senior management team. Alan Semple, chief financial officer (CFO) has advised the board that he intends to

ST Engineering Rejigs Top Deck

Singapore Technologies Engineering Ltd (ST Engineering) today announced the appointment of senior management personnel to new key management positions in the

Workboats

Pair of ASD Tugboats Delivered to Keppel-Smit

The ASD tugs KST Passion and KST Pride were were delivered to their owner, Keppel-Smit Towage Pte. Ltd of Singapore in October 2014. The two vessels are the first

Ice to Close Upper Mississippi from Nov. 20

The shipping season on the upper Mississippi River will end on Thursday as ice surrounding locks and dams near Minnesota's Twin Cities forced the earliest winter

RSC Bio Solutions: SVGP Compliant Fluids & Cleaners

RSC Bio Solutions said that its EnviroLogic Environmentally Acceptable Lubricants (EALs), including hydraulic, stern tube and thruster oils, and SAFECARE cleaners

Finance

ST Engineering Rejigs Top Deck

Singapore Technologies Engineering Ltd (ST Engineering) today announced the appointment of senior management personnel to new key management positions in the

MHI Receives "Best IR Award"

Mitsubishi Heavy Industries, Ltd. (MHI) has received one of this year's "Best IR Awards" presented annually by the Japan Investor Relations Association (JIRA).

Houston Port Commission Approves budget

The Fiscal Year 2015 Operating and Capital Budget was approved Thursday during a special meeting of the Port Commission of the Port of Houston Authority.   Projections

Container Ships

Sea Star Line: Equipment Replacement Plan on Track

Company Receives New Refrigerated Containers and Places Order for New Genset Equipment   Sea Star Line, LLC began receiving the first of its new 100 40’ and 45’

October Imports up 9% at Port of Oakland

Containerized imports shipped through the Port of Oakland were up 9.17% in October from a year ago, the port said, citing the surge as the biggest jump in import cargo volume in six months.

Video: Reefer RoRo Ship Design Rebooted

Expanding on the Reefer RoRo Ship design release in September last year, naval architects group Knud E. Hansen A/S has continued the development of the new Reefer RoRo Ship design with version II.

LNG

HHI to Build FSRU for Höegh LNG

A new Floating Storage and Regasification Unit (FSRU) will be built by the Korean shipbuilding Company Hyundai Heavy Industries (HHI). This FSRU will be the fifth

BG Group's Queensland Curtis LNG to Ship First Cargo

BG Group is set to ship the first cargo of liquefied natural gas from its flagship gas project Queensland Curtis LNG on Dec. 20, a source familiar with the matter told Reuters.

Europe Stockpiling Low Cost, Surplus LNG

Demand from top Asian buyers drops sharply; Asian, European gas price spreads converge. Europe set to becoming dumping ground for LNG. Europe is set to become

Logistics

ST Engineering Rejigs Top Deck

Singapore Technologies Engineering Ltd (ST Engineering) today announced the appointment of senior management personnel to new key management positions in the

October Imports up 9% at Port of Oakland

Containerized imports shipped through the Port of Oakland were up 9.17% in October from a year ago, the port said, citing the surge as the biggest jump in import cargo volume in six months.

Cost to Fuel Ships Falls

For a ship that burns 24 tonnes of fuel per day while steaming, fuel costs are reduced by as much as $1 million a year if current price level stay put. Assuming

 
 
Maritime Contracts Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Port Authority Ship Repair Ship Simulators Winch
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: 0.2944 sec (3 req/sec)