Crowley Alaska to acquire three SeaRiver tankers

Crowley Alaska Tankers has signed an agreement to buy three tankers from SeaRiver Maritime and charter them back under varying multi-year terms.

The deal includes tankers Liberty Bay and Eagle Bay – each of which have a capacity of 800,000 barrels and transport crude from Alaska to West Coast refineries – and the tanker SR American Progress, which has a capacity of 342,000 barrels and transports refined petroleum between US gulf and east coast ports.

The Texas-based SeaRiver Maritime is a privately held subsidiary wholly owned by ExxonMobil.

Crowley Alaska Tankers is a new subsidiary of Crowley Petroleum Holdings.

The deal is subject to regulatory approval.