Crowley Finalizes Purchase of Three SeaRiver Tankers

Crowley Alaska Tankers, part of the Crowley Maritime Corporation, has completed the purchase of three tankers from SeaRiver Maritime.

The company is now chartering the units back to SeaRiver, ExxonMobil’s U.S. subsidiary, under varying multi-year terms.

The tankers Liberty Bay and Eagle Bay, which have been renamed to Washington and California, respectively, each have a capacity of 760,000 barrels and transport crude from Alaska to West Coast refineries. The tanker SR American Progress, now named Oregon, has a capacity of 342,000 barrels and transports refined petroleum between the U.S. Gulf and East Coast ports.

“With the regulatory approvals in place and the sale officially complete, we are now focused on operating these tankers in the safest, most reliable manner possible,” Tom Crowley, chairman and CEO of Crowley Maritime Corp, said.

With the acquisition of these three tankers, the company now operates 40 Jones Act-qualified large petroleum transportation vessels in the United States with a combined capacity of more than 12 million barrels. Among this tank vessel fleet is a tanker and an articulated tug-barge (ATB) already on charter to SeaRiver.