Crowley completes first vessel acquisition for U.S. Defense sealifts
Crowley has successfully managed the acquisition of the MV Honor, the first vessel acquisition under its contract to help recapitalize a sealift fleet with the U.S. Maritime Administration, according to the company's release.
The acquisitions will enhance the Ready Reserve Force by increasing ship reliability and reducing the overall age of the fleet, a crucial component in conducting U.S. Department of Defense sealifts. The force provides nearly 50 percent of government-owned surge sealift capability.
Putting innovative technology to work, Crowley utilized its proprietary software SHIPFAXTM in carrying out the agreement, which allowed for a strategic and data-driven identification of the initial two vessels best suited for conversion to Ready Reserve service. The platform, which will be used in Crowley’s future acquisitions, is able to analyze a vessel’s lifecycle history, develop a condition summary and estimate ongoing operation requirements for optimal vessel acquisition and management execution.
A longtime leader in government maritime services, including ship management, Crowley manages acquisition and conversion under a 2021 federal contract that calls for more vessels to be brought into the fleet.
Crowley is spearheading the acquisition and conversion of the Freedom and Honor vehicle carriers from American Roll-On Roll-Off Carrier Group in collaboration with Stena RoRo, Serco and LCE (Life Cycle Engineering), bringing combined expertise in acquisitions, naval ship architecture, engineering and applied technology to serve the VAM contract.
Crowley will oversee any modification and maintenance required to ensure the two vessels are fit for service in compliance with U.S. Coast Guard, American Bureau of Shipping and U.S. Department of Defense requirements. Following the completed purchase of Freedom and Honor, Crowley will maintain and operate the two vessels on behalf of MARAD.
About Crowley
Crowley 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 170 vessels mostly in the Jones Act fleet and approximately 7,000 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.
