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Crowley and SEACOR Holdings (“SEACOR”) have successfully launched Fairwater Holdings LLC (“Fairwater”), an independent U.S. company which combines Crowley and SEACOR’s capabilities.
Fairwater integrates the companies’ petroleum and chemical transportation vessels, personnel, and offerings to provide U.S. Jones Act shipping solutions.
Fairwater is active in all major Jones Act coastwise tank vessel trades, and supports the transportation of petroleum products, chemical and specialty parcels, as well as Alaskan crude oil.
The fleet consists of 31 owned vessels. This includes both “ECO” and conventional medium-range product tankers, 114,000 DWT Aframax tankers, and articulated tug-barges (ATBs) with varying enhancements and capabilities.
Fairwater also provides ship management services for a diverse fleet of 20 third-party owned vessels.
Fairwater’s seagoing and shoreside operations are headquartered in Fort Lauderdale, Florida, with offices in Fairfield, Connecticut; Houston; Jacksonville, Florida; and Seattle.
Daniel Thorogood, CEO of Fairwater and former CEO of Seabulk, commented; “I am excited to lead a team of nearly 1,700 seagoing and shoreside professionals under the new Fairwater banner.
“Our geographic reach, operational and technical expertise, and the diversity of our assets enables Fairwater to serve as the industry’s next-generation provider of safe, highly flexible and reliable energy transportation solutions.”
Tom Crowley, chairman and CEO of the Crowley Corporation, who also serves as chairman of Fairwater, added; “Fairwater creates a new, dynamic leader with the broadest capabilities in our domestic industry for customers and carries forward the shared legacy of value, efficiency and high performance by Crowley and SEACOR.”
Eric Fabrikant, CEO of SEACOR, stated; “Together, with Crowley, we stand ready to support the business as it solidifies its position in the market and explores new avenues of sustainable, long-term growth across the coastwise trades and other adjacent markets.”
