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.