Crowley Alaska Tankers has signed an agreement, subject to regulatory approval, to purchase three tankers from SeaRiver Maritime, and charter them back to SeaRiver under varying multi-year terms.
Included in the acquisition are the tankers Liberty Bay and Eagle Bay, each of which have a capacity of 800,000 barrels and transport crude from Alaska to West Coast refineries; and the tanker SR American Progress, which has a capacity of 342,000 barrels and transports refined petroleum between US Gulf and East Coast ports.
“We are proud of the SeaRiver acquisition and will operate these tankers with our relentless pursuit of quality and safety,” said Tom Crowley, chairman and CEO of Crowley Maritime Corp. “We were selected as the company who could deliver, and we are committed to doing just that – by operating these assets in the safest, most reliable manner possible.”
Crowley operates and manages the largest US-flag petroleum and chemical tank vessel fleet in the country. By the end of 2017, the company will be operating 37 Jones Act qualified large petroleum transportation vessels in the United States with a combined capacity of more than 10m barrels. Among this tank vessel fleet are a tanker and an articulated-tug-barge (ATB) already on charter to SeaRiver.
“We anticipate a smooth transition with SeaRiver crews, and look forward to personally welcoming them to the Crowley team,” said Rudy Leming, Crowley vice president of labour relations. “We know they share our values – safety, integrity and high performance – and will work diligently with us to uphold them as we serve SeaRiver’s needs.”
SeaRiver, headquartered in Spring, Texas, is a privately held subsidiary wholly owned by ExxonMobil while Crowley Alaska Tankers is a new subsidiary of Crowley Petroleum Holdings, part of the Crowley Maritime Corporation family of companies.