Crowley, SEACOR to create new, standalone company

Sept. 14, 2023
Fairwater Holdings to be a new, independent US Jones Act-compliant service provider.

Offshore staff

JACKSONVILLE and FORT LAUDERDALE, Florida – Global maritime and logistics companies Crowley and SEACOR Holdings say they will form a joint venture that will integrate their liquid energy and chemical transportation vessels, operations and related services into a new, independent US Jones Act service provider, Fairwater Holdings LLC.

Fairwater will leverage and scale both entities’ operational and safety-focused capabilities to serve the US domestic market with vessels and marine transportation solutions across the petroleum and chemical trades, as well as related third-party ship management services.

The new entity 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 additional 21 third-party owned vessels.

09.14.2023