Fairwater, an independent U.S. company, integrates Crowley and SEACOR’s petroleum and chemical transportation vessels, capabilities and personnel to provide U.S. Jones Act shipping solutions.
Fairwater is active in all major Jones Act coastwise tank vessel trades, differentiating it from industry peers, and supports the transportation of petroleum products, chemical and specialty parcels, as well as Alaskan crude oil. The fleet consists of 31 owned vessels, including both “ECO” and conventional medium-range product tankers, 114,000 DWT Aframax tankers and articulated tug-barges (ATBs) with varying enhancements and capabilities.
“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,” said Eric Fabrikant, CEO of SEACOR.
Fairwater’s seagoing and shoreside operations are headquartered in Fort Lauderdale, Florida, with offices in Fairfield, Connecticut; Houston; Jacksonville, Florida; and Seattle.
Milbank LLP, Watson Farley & Williams LLP and Baker Botts L.L.P. acted as legal advisors to SEACOR. Vinson & Elkins LLP acted as legal advisor to Crowley. J.P. Morgan acted as financial advisor to Fairwater.
Did you Subscribe to our daily newsletter?
It’s Free! Click here to Subscribe
Source: Crowley
