Crowley and Seacor forming joint Jones Act tanker company

The new company will provide petroleum and chemical transportation vessels for shipping on domestic US trades covered by the Jones Act.

Fairwater Holdings fleet consists of 31 owned vessels, including both "eco” and conventional medium-range product tankers, 114,000 dwt Aframax tankers, and articulated tug and barge units (ATBs) with varying enhancements and capabilities.

Fairwater will also provide ship management services for a diverse fleet of 20 third-party owned vessels.

 “Our geographic reach, operational and technical expertise, and the diversity of our assets enable Fairwater to serve as the industry’s next-generation provider of safe, highly flexible, and reliable energy transportation solutions,” said Daniel Thorogood, CEO of Fairwater, and former CEO of Seabulk, part of the Seacor group of companies.

Tom Crowley, chairman and CEO of Crowley Corporation, said the combination creates a new leader in the domestic industry, combining the strengths of Crowley and Seacor to provide value, efficiency, and high performance for customers.

Fairwater’s seagoing and shoreside operations are headquartered in Fort Lauderdale, Florida, with offices in Fairfield, Connecticut; Houston; Jacksonville, Florida; and Seattle.