Eric Fabrikant

Crowley and SEACOR complete Fairwater formation

Crowley and SEACOR Holdings said yesterday that they had completed the successful formation of Fairwater Holdings LLC. Plans for the Jones Act tank vessel joint venture were announced last September.

Crowley and SEACOR in Jones Act JV

Fairwater, an independent company, integrates Crowley and SEACOR’s petroleum and chemical transportation vessels, capabilities and personnel. It is active in all major Jones Act coastwise tank vessel trades., It supports the transportation of petroleum products,...

https://www.marinelog.com/news/crowley-and-seacor-complete-fairwater-formation/

SEACOR Island Lines has a new owner

SEACOR Holdings Inc., a portfolio company of American Industrial Partners, reports that it has concluded the sale of its SEACOR Island Lines Caribbean liner and logistics business to Sweetwater, Fla., headquartered King Ocean Services Ltd in a transaction including all operations and assets.

King Ocean specializes in marine transportation and logistics solutions to close to 50 destinations across the Caribbean and South and Central America out of its Port Everglades facilities in Ft Lauderdale,...

https://www.marinelog.com/legal/shipping/seacor-island-lines-has-a-new-owner/

SEACOR Holdings sells U.S. harbor towing business

SEACOR Holdings Inc. says its Seabulk Towing Holdings Inc. subsidiary is to sell its U.S. harbor towing operations and assets. They are being bought by two fifth-generation family-owned companies: New Orleans headquartered E.N. Bisso & Son, Inc. and Houston headquartered Bay-Houston Towing Co.

The E.N. Bisso transaction includes 12 harbor towing vessels serving ports in Florida and Alabama. Bay-Houston is acquiring eight vessels operating in Texas along the Sabine Neches Navigation District and...

https://www.marinelog.com/inland-coastal/seacor-holdings-sells-u-s-harbor-towing-business/

Crowley and SEACOR in Jones Act JV

Crowley and SEACOR Holdings, through its Seabulk Tankers subsidiary, have reached an agreement to form a joint venture integrating their liquid energy and chemical transportation vessels, operations and related services into a new, independent U.S. Jones Act service provider, Fairwater Holdings LLC.

The new Jones Act JV’s fleet will include 20 ocean-going articulated tug-barges and 11 tankers, many under long-term charter. The joint venture will provide crewing and technical management for an...

https://www.marinelog.com/legal/shipping/crowley-and-seacor-in-jones-act-jv/