Crowley Awards Scholarships to Four Cal Maritime Students
Crowley Maritime Corp. presented four California Maritime Academy (CMA) students with Thomas B. Crowley Sr. Memorial Scholarships during last night’s Containerization and Intermodal Institute’s Connie Awards dinner in Long Beach, Calif. Crowley’s Jenny Terpenning, recruiter, marine personnel, presented the awards to recipients, Christiana Harrell, Bonnie Claire Muchnick, Taylor Sullivan and Alex Yorkman. The scholarships help to further educational opportunities for the students who were chosen based on their academic performance…
Crowley Announces Management Team for Newly Formed Ship Assist and Escort Services Group
Crowley Maritime Corporation has announced the appointment of Robe Grune to the position of vice president and general manager of Crowley’s newly formed ship Assist and Escort Services based in Seattle. Grune is responsible for profit and loss for the Ships Assist and Escort Services group and reports directly to Tom Crowley, Jr., chairman, president and CEO of Crowley Maritime Corporation. Crowley announced the reorganization of its Crowley Marine Services subsidiary into three distinct operating groups in October, including Energy and Marine Services, Ship Assist and Escort Services and Petroleum Services. With present operations in San Diego…
Marine Transport Lines RRF to Relocate S.C.
Charleston, S.C., effective July 1. is (843) 747-8045. for six U.S. Maritime Administration RRF vessels. Edmont at the former Charleston Naval Base. Jacksonville, Fla. Jacksonville, Fla., 32225. office is (904) 727-2200.
Crowley Settles Stockholder Lawsuit
Crowley Maritime Corporation reached a proposed settlement in the pending Franklin Balance Sheet Investment Fund v Crowley ("Franklin") litigation, a purported class action and derivative complaint filed in November 2004 against certain members of the board of directors and Crowley. The plaintiffs in that lawsuit have agreed to its dismissal if they and the other unaffiliated holders of Crowley common stock have the opportunity, through a tender offer, to sell their common stock for $2,990 per share in cash. To this end, Crowley Newco Corporation (the "Purchaser"), a company formed by Thomas B. Crowley, Jr., Chairman and President of Crowley…
Crowley Recognizes USMMA Midshipman Berto
Crowley Maritime Corporation recently presented U.S. Merchant Marine Academy (USMMA) Midshipman Kevin Berto with the Maritime Security Enhancement Award during the Academy’s award convocation. Berto received the award, which was established by Crowley in 2003, in recognition of his strong interest in a port, maritime or transportation security career and high grade point average both in class and at sea as a cadet. Berto is a logistics and intermodal transportation major from Lake Forrest, Ill.
Crowley Honored for Charitable Efforts
Crowley Maritime Honored with Award for Charitable Efforts from SUNY Maritime College; Award Recognizes Crowley’s Continued Commitment to Education. Crowley Maritime Corporation was recently honored for its charitable efforts with an award from the State University of New York (SUNY) Maritime College that recognized the company’s continued dedication to supporting SUNY students with scholarships, internship programs and career opportunities through the years. Crowley President, Chairman and CEO Tom Crowley Jr. accepted the award from SUNY Maritime College President Rear Admiral Wendi B.
Crowley Christen First Two Ocean-class Tugboats
Crowley Maritime Corporation christen 'Ocean Wave' & 'Ocean Wind' built at Bollinger Shipyards, based in Amelia, La. USA. The new tugboats were designed by Crowley subsidiary Jensen Maritime located in New Orleans. At 146 and 156 feet in length, and with a minimum bollard pull of 150 metric tons, Crowley’s new ocean class tugs will be outfitted for long-range, high-capacity ocean towing, rig moves, platform and floating production, storage and offloading (FPSO) unit tows, emergency response and firefighting.
Crowley Raises Market Funds Mainly for Newbuild Program
Crowley Maritime Corporation has successfully raised gross proceeds of $200 million through the sale of 200,000 shares of Series A Income Preferred Securities. The company says it intends to use the net proceeds from this offering in connection with its new vessel build program as well as for general corporate purposes. “We are very pleased to have concluded this important transaction for the company, especially as it offers a new source of capital to pursue our growth plans,” said Crowley's Chairman, President and CEO Tom Crowley. DNB Markets acted as exclusive financial advisor to Crowley. DNB Markets and Incapital acted as joint book-running managers for the offering.
Crowley To Form New Subsidiary
Crowley Maritime Corp. said that upon the sale of its South American liner services to Hamburg Süd, it will operate its remaining Caribbean and Latin American services under a new name - Crowley Liner Services. The wholly owned subsidiary of Crowley Maritime will be divided into two separate operating units, Crowley Liner Services - Puerto Rico/Caribbean and Crowley Liner Services - Latin America. The company has established a revised target date of November 1 for the sale of its South America liner services to Hamburg Sud who will continue to operate the South America services under the Crowley American Transport brand name.
Crowley Marine Services' Receives Environmental Protection Award
The U. S. Coast Guard presented Crowley Marine Services with the William M. Benkert Award, which is the premier national award recognizing excellence in marine environmental protection. The award was presented by Rear Admiral R.C. North, Assistant Commandant for Marine Safety and Environmental Protection, U.S. Conference in La Jolla, Calif. Charlie Nalen, vice president, Environmental Affairs, Safety & Quality for Crowley Maritime Corporation, was also in attendance to accept the award on behalf of the company.
Webb Institute Selects Crowley Scholarship Recipients
Webb Institute, a four-year college specializing in naval architecture and marine engineering, announced the 2014-2015 recipients of Crowley Maritime Corp.’s Thomas B. Crowley, Sr. Memorial Scholarship today. The school’s scholarship selection committee chose Erin McElroy, of Groton, Mass., and Brian Mills, Sanford, N.C., for their remarkable leadership qualities, academic excellence and an unprecedented commitment to the maritime industry. As chairman for both the social committee and Women of Webb, McElroy, (Class of 2015), is an active member of the school community.
Crowley to Christen 3rd LNG-ready Product Tanker
Crowley Maritime Corp. announced it will hold a christening ceremony Thursday, May 5 in New Orleans for the newly built Louisiana, the company’s third of four new Jones Act product tankers. The 600-foot-long, 50,000-dead-weight-ton (dwt), 330,000-barrel-capacity tanker will operate in the U.S. Gulf and is capable of carrying crude oil or refined petroleum products, as well as various other chemical products. Crowley has the option to convert the new tanker to liquefied natural gas (LNG) propulsion in the future…
Webb Institute Names Thomas B. Crowley Sr. Memorial Scholarship Recipients
Webb Institute, a four-year college specializing in Naval Architecture and Marine Engineering, announced the selection of Don Rickerson ’13 and Justin van Emmerik ’13 as the 2012 – 2013 Thomas B. Crowley Memorial Scholarship recipients. Thomas B. Crowley Sr. Memorial Scholarship Program is awarded annually to one or two students, who, in the eyes of the Scholarship Selection Committee at Webb Institute, have demonstrated leadership qualities, school and community involvement, interest in and dedication to the maritime industry, and academic promise.
Crowley Testing Cat’s Monitoring, Diagnostics Tools
Calling it “the next logical step in marine technology,” Crowley Maritime Corporation is installing Cat Asset Intelligence software on one of its vessels. The tugboat Guide, a ship-assist vessel operating out of Seattle, is being fitted with a custom vessel monitoring and diagnostics solution, which will keep watch over its main engines, generators, thrusters and critical systems 24/7. While completely automated from data capture through analysis and advisory recommendations for each piece of equipment…
Crowley Presents Maritime Security Enhancement Award
Continuing its support of students wishing to enter maritime, transportation and logistics fields, Crowley Maritime Corporation recently presented Tyler A. Stutin, a U.S. Merchant Marine Academy (USMMA) midshipmen, with the Crowley Maritime Security Enhancement Award. Vic Goldberg, Crowley vice president of marine operations, recognized Stutin, during the 2007 Academic Awards Convocation at Kings Point in June. Candidates for this award must demonstrate exceptional interest in and aptitude for, a career in port, maritime or transportation security. Stutin, a logistics and intermodal transportation major, hails from Pasadena, Calif., and was the senior class president and the aide to the Academy's Deputy Superintendent, Rear Admiral Christopher McMahon, USMS.
Crowley's Green Initiatives Garner Attention
Crowley Maritime Corporation's continued focus on environmental preservation and protection was recently recognized by the Chamber of Shipping of America (CSA) in Washington, DC, with environmental excellence awards for 26 ships, which are owned and/or operated by Crowley subsidiaries. The awards ceremony recognized companies with vessels that had achieved a record of two or more years of no recordable environmental incidents. Crowley companies, including Crowley Liner Services, Crowley Petroleum Services, Marine Transport Lines and Marine Transport Management, far surpassed this benchmark with a combined total of 152 years of environmental excellence among its recognized vessels.
Crowley Concludes Sale of S. America Services
Crowley Maritime Corporation last week concluded the sale of its South America liner services to Hamburg Sud. Crowley's business activities in Puerto Rico, the Caribbean, Central America, Mexico, the Dominican Republic, Jamaica, Colombia and Venezuela are now officially being operated under the name Crowley Liner Services, Inc. All other South America services previously owned by Crowley are now officially under the control of Hamburg Sud, which is operating the services under the name Crowley American Transport.
ST Marine Wins Contract to Build Barges for Crowley
Singapore Technologies Marine has won a third contract from a unit of Crowley Maritime Corporation to build four additional tug barges. The contract is worth a total of $240.7m. This contract will bring the total number of barges Crowley Maritime has ordered from ST Marine to 10. The 10 vessels have a combined value of more than $536m, including the cost of owner furnished equipment. Delivery for the latest four barges is expected between 2009 and 2010. The vessels can transport refined products as well as heated cargoes and easy chemicals which require special arrangements. Source: ChannelAsia
Crowley Honors USMMA Midshipman Kevin Kinsella
Crowley Maritime Corporation presented U.S. Merchant Marine Academy Midshipman Kevin Kinsella with the Maritime Security Enhancement Award, during the academy's graduation awards convocation. Charles Hill, chairman of the academy's alumni foundation, presented the recognition certificate and cash award on behalf of Crowley to Kinsella. Each year, Crowley recognizes a student at USMMA who demonstrates a strong interest in a career in port, maritime or transportation security. Kinsella…
Crowley To Acquire Marine Transport Corporation
Crowley Maritime Corporation and Marine Transport Corporation jointly announced that Crowley has agreed to acquire all of the outstanding shares of Marine Transport Corporation for $7.00 per share. Under the agreement entered into by the parties, a wholly-owned subsidiary of Crowley will commence a tender offer within the next 10 business days. The transaction is conditioned upon a minimum number of Marine Transport's shares being tendered, regulatory approvals, and other standard closing conditions. The tender offer is not conditioned upon financing. Thomas B. Crowley, Jr., Chairman of the Board and Chief Executive Officer of Crowley, said "Our investment in Marine Transport is a unique opportunity for Crowley to add a complementary business line to our present maritime activities.
Crowley Helps Deliver Regis & Kathy
Crowley Maritime Corporation's 's liner services group recently transported a satellite uplink truck and four containers of equipment aboard the Crowley ship Wesertor to Nassau, Bahamas for the live production of the Regis & Kelly show, which has been broadcast from the island's Atlantis Resort this week. The satellite uplink truck is more than 15-feet tall, nearly 37-feet long and is eight-feet wide. Crowley will also handle the transportation of the truck and other gear back to the United States.
Grune To Lead Crowley Ship Assist and Escort Services Group
Crowley Maritime Corporation announced the appointment of Robe Grune to the position of Vice President and General Manager of Crowley's newly formed ship Assist and Escort Services based in Seattle. Grune is responsible for profit and loss for the Ships Assist and Escort Services group and reports directly to Tom Crowley, Jr., chairman, president and CEO of Crowley Maritime Corporation. Crowley announced the reorganization of its Crowley Marine Services subsidiary into three distinct operating groups in October, including Energy and Marine Services, Ship Assist and Escort Services and Petroleum Services. With present operations in San Diego…
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.