Crowley, SEACOR Form Joint Venture

Crowley, SEACOR Form Joint Venture

Crowley Maritime and SEACOR Holdings (through its Seabulk Tankers, Inc. subsidiary) have formed a joint venture called Fairwater Holdings LLC to expand both companies’ capabilities in liquid energy and chemical transportation vessels, operations and services, the companies announced Sept. 13. Fairwater will be a standalone company based in Fort Lauderdale, Fla., but would also maintain offices in Seattle and on the East and Gulf coasts. It intends to serve the U.S. market with 20 articulated tug-barges and 11 tankers as well as crewing and technical management for another 21 third-party owned vessels, according to the announcement. “Fairwater marks an important…
Read More