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In March 2007, the controlling shareholder of Crowley Maritime offered $2,990 per share to buy out public investors, a price equal to 258% of the last traded price of shares when the Forum started in April 2004.

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The article copied below appeared in TradeWinds, the shipping industry publication. The weekly paper and its associated web site provide regular coverage of developments concerning Crowley Maritime and other water transportation companies.

 

 

Crowley set to reorganise

 

  

Tom Crowley's men are set for a transcontinental chair swap as the company regroups. Questions about labour arrangements remain unanswered.

 

By Bob Rust, Oslo

published: 24 June 2005

 

The internally announced changes at Crowley Maritime Corp put liner man John Douglass at the head of Crowley's tugs and Rob Grune, a tanker man with extensive tug experience, at the head of Crowley's Caribbean liner operations.
 


Rocky Smith

 

 

A third key executive, Rockwell 'Rocky' Smith, the head of New Jersey-based Marine Transport Lines, will keep Crowley's tankers as part of his portfolio but loses third-party shipmanagement, including seven containerships and a big chunk of the US military's Ready Reserve Force (RRF).

New contracts for management of the RRF are set to be awarded to US companies at the end of July.

Crowley employees are promised more information on the changes in mid-July.

TradeWinds reported in today's print edition on rumours of a major internal restructuring at the biggest US-flag shipowner. Crowley officials have not responded to inquiries on the question in recent weeks and could not be reached immediately.

But in an internal memo dated this week, Thomas Crowley, the chairman, president and chief executive officer of the Oakland-based indicates that the reshuffling of talent is in line with his cross-fertilising management philosophy for the highly diversified company.
 

 
John Douglass
   

"The new organisation ... reinforces our talent-management philosophy of placing highly effective managers in technically different businesses," Crowley wrote. "We believe this strengthens the 'One Crowley' approach to our diverse customer base."

Douglass, who now heads Puerto Rico and Caribbean liner services, moves from Fort Lauderdale to Seattle to head a newly created business unit made up of Crowley's ship assist and escort services, salvage, global contract services, Alaska North Slope activities and not least third-party shipmanagement including government contracting.

 


Rob Grune

 
   

Going the opposite direction is Grune, a former chartering manager at OMI who sailed for Texaco as a deck officer. He has been heading ship assist and and escort services in Seattle since 2001. In his new job heading Puerto Rico and Caribbean services he will take on the title of senior vice president and general manager, the same title the other two already hold according to Crowley's website.

Smith, who has varied experience at Crowley since starting in 1981, went to head up shipmanagement at Marine Transport Lines in New Jersey in 2001. When Crowley bought the company the next year, he added responsibility for the tankers of Crowley Petroleum Transport, which he had run in his previous West Coast position. His duties will now cover tankers, tank farms and Alaskan petroleum distribution but the announcement does not make clear where he will serve.

Perhaps the biggest change will be the shipmanagement portfolio. The announcment leaves unanswered the question about labour arrangements, as four Crowley subsidiaries presently have various collective bargaining agreements with different combinations of unions. Also unanswered is the question of eligibility to manage RRF vessels for the US Maritime Administration (MarAd). Sources in the government contracting industry indicate that unless Crowley's subsidiaries maintain a number of independent functions, they will lose eligibility.

In the last five-year assignment of RRF contracts, a whopping 26 vessels went to companies that are now Crowley subsidiaries.

Crowley subsidiaries also manage five Lykes Lines containerships for CP Ships and two First American Bulk Carriers containerships for P&O Nedlloyd.

 

 

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