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 Completes Tender Offer For MTC
Crowley Maritime Corporation completed its tender offer and has accepted 6,099,774 shares of Marine Transport Corporation common stock. The shares tendered represent approximately 98% of Marine Transport Corporation's total outstanding common stock, including approximately 43,724 shares, which are guaranteed to be delivered. Crowley will purchase these shares as soon as possible at the price of $7.00 per share, net to the seller in cash. Crowley intends to proceed promptly to complete the previously announced proposed merger with Marine Transport Corporation and to acquire the remaining untendered Marine Transport Corporation shares, subject to appraisal rights.
Tom Crowley Jr. Receives Honorary Degree From the USMMA
U.S. exercises. USMMA officials presented the degree to Mr. serves. In addition to being a staunch advocate for the U.S. scholarships, internships, and jobs after graduation. Through the Thomas B. Crowley, Sr., Memorial Scholarship, which Mr. deserving cadets. said Crowley. academy as we work together to strengthen the U.S. world. services. During the past nine years, Mr. business areas. from assuming too much risk, while maximizing opportunities to grow. dedicated to customer responsiveness and service excellence. transportation. most powerful cycloidal-propulsion tugs in the world. In 2001, Crowley acquired Marine Transport Lines (MTL), a storied U.S. transportation, crude oil lightering, and ship management. positioned Crowley to be the first U.S.
Collar Appointed Vice President, Special Projects
Crowley Maritime Corporation veteran Steve Collar has joined Marine Transport Corporation as Vice President, Special Projects effective July 1. He is domiciled in Marine Transport's Weehawken, NJ, headquarters and reports to Jeff Miller, Vice President, Chartering. Crowley acquired Marine Transport, a U.S.-based supplier of chemical parcel transportation, refined petroleum transportation, crude oil lightering, and ship management, in February. Collar, most recently Director of Special Projects for Crowley's Vessel Management Services subsidiary, will be responsible for helping Marine Transport and its subsidiary companies develop and market Marine Transport's fleet renewal and expansion projects, and will commercially manage selected vessels.
