Jacksonville-based Crowley Maritime Corporation has completed its first vessel acquistion under its multi-year Vessel Acquisitions Management contract awarded last year by the U.S. Maritime Administration.
Crowley is spearheading the acquisition and conversion of the roll-on/roll-off vehicle carriers Freedom and Honor from American Roll-On Roll-Off Carrier Group in collaboration with Stena RoRo, Serco and LCE (Life Cycle Engineering).
The acquisition of the M/V Honor is now complete. With the forthcoming acquisition of the MV Freedom, the acquisitions are designed to help recapitalize the U.S. 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.
Freedom and Honor were built in 1997 and 1996, respectively.
Crowley manages vessel acquisitions and conversions under federal contract awarded by MARAD in 2021, valued at $638 million, that calls for more vessels to be brought into the fleet.
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.
“Crowley is proud to build on our legacy as a proven government partner with over 20 years of partnership with MARAD,” said Crowley’s, Miles Spratto, program manager for vessel acquisition. “The Freedom and Honor will help revitalize the Ready Reserve Force, a fleet critical to our national security. We look forward to continuing the momentum with additional opportunities to acquire, manage and operate vessels on behalf of MARAD and the U.S. government.”
For the acquisitions, Crowley is using a proprietary IT system, known as SHIPFAX, to perform data analysis of the lifecycle of vessels and their components in order to assess and make purchasing recommendations to MARAD.
The Ready Reserve Force (RRF) is a subset of vessels within MARAD’s National Defense Reserve Fleet (NDRF) that provide surge sealift capability to the Department of Defense. The fleet currently consists of 41 vessels, comprising 35 roll-on/roll off vessels,4 crane, and 2 aviation logisitics ships, according to MARAD’s website. The ships are owned, crewed, and maintained by MARAD, but come under control of Military Sealift Command once activated.
Cargo volume on Russia’s main Arctic shipping lane continues to climb, although figures remain below the targets originally defined by President Putin earlier in the decade. Western sanctions have delayed or put on hold a number of oil and gas projects negatively impacting overall cargo volume.
The container shipping industry dodged a potential overcapacity crisis in 2024, thanks to an unexpected savior: the Red Sea crisis that forced vessels to take longer routes around Africa’s Cape...
A collision between two bulk carriers in China’s Changjiang River has resulted in a fuel oil spill and hull damage. The incident, which occurred at approximately 10 p.m. Singapore time...
December 31, 2024
Total Views: 5078
Sign Up Now for gCaptain Daily
We’ve got your daily industry news related to the global maritime and offshore industries.
JOIN OUR CREW
Maritime and offshore news trusted by our 109,255 members delivered daily straight to your inbox.
Your Gateway to the Maritime World!
Essential news coupled with the finest maritime content sourced from across the globe.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.