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Crowley Petroleum Transport News

27 Dec 2016

Crowley's Petroleum Transport Unit Takes the Long View

(Photo: Crowley)

The mantra at Crowley is “safety” and “people,” but it’s not simply words, rather embedded practice starting from the top. Robert Grune, SVP & GM, Crowley Petroleum Services talks to Maritime Reporter regarding this ubiquitous company’s historic success and promising future in the petroleum transport sector. Robert Grune leads one of Crowley’s six business units, responsible for U.S. flag Jones Act oil transportation business. The current fleet consists of 17 Articulated Tug Barges (ATBs) ranging in size from 150,000 to 330,000 barrels capacity, as well as four U.S. flag MR oil tankers.

11 May 2000

Crowley Now Operating Tanker Prudhoe Bay

Crowley Petroleum Transport, Inc., a Long Beach, Calif.-based subsidiary of Crowley Maritime Corporation, is now operating the tanker Prudhoe Bay chartered to ARCO Products, Inc., a wholly owned subsidiary of BP Amoco. The Prudhoe Bay, formerly the Arco Prudhoe Bay, is a 70,000 DWT steam tanker with a capacity of 478,000 barrels. There are 13 epoxy-coated cargo tanks on the ship, which is 810 ft. long with a 105 ft. beam and a maximum draft of 44 fet. Prudhoe Bay is currently trading on the West Coast, primarily in Puget Sound. Crowley, the largest independent operator of petroleum barges and tankers on the West Coast, also owns and operates the 40,000 dwt tankers Coast Range and Blue Ridge. Each offers 300,000 barrels of capacity.

21 Dec 2000

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.