MARAD awards vessel acquisition management contract to Crowley
Crowley Maritime Corporation’s Solutions business unit has been awarded a multi-year, $638 million contract for Vessel Acquisition Management (VAM) by the U.S. Maritime Administration (MARAD), according to the company's release.
Crowley’s strategic acquisition and vessel management service will assist MARAD in the enhancement of the Ready Reserve Force (RRF), helping reduce the overall age of the fleet and increase ship reliability.
To carry out the contract, Crowley will use a new, proprietary information technology system to assess, research and make purchasing recommendations. Once the vessels are acquired, Crowley will oversee any required re-flagging, re-classification, modification and maintenance to ensure they are fit for service in compliance with U.S. Coast Guard, American Bureau of Shipping, and Defense Department requirements. After ships enter the fleet, Crowley will maintain and operate the vessels on behalf of MARAD.
Building on over 20 years of experience managing MARAD and other government and Navy vessels, Crowley will use the web-based platform to perform data analysis of the lifecycle of vessels and their components. The SHIPFAXTM platform will provide data-driven recommendations based on essential service requirements, as well as important factors to successfully manage and operate vessels.
Crowley will execute the contract with Stena Line, Serco and LCE (Life Cycle Engineering), who bring specialized and unique experiences and services in acquisitions, naval ship architecture, engineering and applied technology.
About Crowley
Crowley Maritime Corporation is a privately held, U.S.-owned and -operated maritime, energy and logistics solutions company serving commercial and government sectors with more than $2.5 billion in annual revenues, over 160 vessels mostly in the Jones Act fleet and approximately 6,300 employees around the world – employing more U.S. mariners than any other company. The Crowley enterprise has invested more than $3 billion in maritime transport, which is the backbone of global trade and the global economy. As a global ship owner-operator and services provider with nearly 130 years of innovation and a commitment to sustainability, the company serves customers in 35 nations and island territories through four business units: Crowley Logistics, Crowley Shipping, Crowley Solutions and Crowley Fuels.
