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Petroleum Transportation Services News

22 Mar 2021

Centerline Announces Clean Fuels Initiative

(Photo: Centerline Logistics)

U.S.-based marine petroleum transportation services provider Centerline Logistics said it has formed an Alternative Fuels Working Group consisting of industry partners and internal representatives from within Centerline to spearhead the cooperative project that will be known as “Visionary Fuels”.According to Centerline, the Visionary Fuels initiative will aim to build future marine transportation equipment, standards and technology targeted toward reducing the carbon footprint of vessels transiting within America’s ports and harbors.

03 May 2013

Crowley Closes $1 Billion Newbuild Program with Liberty Christening

Photo: Crowley

Eleven years after the launch of its first Articulated Tug-Barge (ATB), Crowley Maritime Corporation christened its 17th ATB, the Liberty/750-3, yesterday at the VT Halter Marine Shipyard in Pascagoula, Miss. The tugboat and 330,000-barrel petroleum tank barge are the final vessels to be built in a more than $1 Billion, decade-long ATB construction program undertaken by Crowley to expand the company’s U.S.-flag petroleum services fleet. “We set out to offer customers the safest…

13 Jun 2012

Crowley Sends ATB to Guantanamo Bay

Crowley Sends First Articulated Tug-Barge to Guantanamo Bay to Deliver Fuel at U.S. Naval Base. Crowley Maritime Corporation’s shipping services to Cuba reached another milestone this past weekend with the first delivery of petroleum products to the U.S. Naval Station in Guantanamo Bay via articulated tug-barge (ATB) tank vessel. The cargo was loaded in San Diego, Calif., and transported to Cuba aboard Crowley’s ATB Coastal Reliance / 550-4. The fuel delivery was made in support of Crowley customer Military Sealift Command (MSC)…

11 Jan 2010

Crowley Restructures Senior Management

Rockwell Smith (Photo courtesy Crowley Maritime Corporation)

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.

02 Apr 2008

Acquiring New Vessels Helps Hornbeck Grow

Hornbeck Offshore Services HOS emerged from a three-month cup base as it reached a new high in early November. The stock then pulled back gently to start the left side of a new basing pattern. It cleared the buy point 18om a double-bottom base in late February, but turned south yet again under market pressure. Hornbeck has since found support at its 40-week average and made its way back up to just 7% off its high. The Louisiana-based provider of offshore supply vessels to the oil and gas industry stepped up profit growth the past two quarters from 11% to 27% and 67%. Analysts expect a slowdown to 39% in Q1. Sales growth also accelerated the past two quarters, rising from 6% to 22% and 55%. Wall Street forecasts call for 52% growth in Q1.