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Crowley Sells CATCO All-Terrain Vehicles and Assets to Peak

11/30/2011 02:01 pm

CATCO

(ANCHORAGE, Alaska; November 30, 2011) ­- Crowley Maritime Corp. announced today that it has sold its fleet of company-owned CATCO® Arctic All-Terrain vehicles and related assets, including a warehouse and office facility in Deadhorse, Alaska, to Peak Oilfield Services Company.

Though the sale ends nearly 40 years of Crowley-provided specialized tundra transportation services, the company remains committed to providing tug and barge transportation and project management services for North Slope producers. Crowley has served the people and businesses of Alaska for nearly 60 years and is continuing to grow and make significant investments its petroleum distribution business throughout the state. For example, Crowley is the only company that has invested in shallow-draft, double-hull oil barges specifically for supplying arctic customers with their fuel needs.

Since 1953, Crowley has provided various marine, petroleum distribution and energy support services in Alaska - from the North Slope to Southcentral Alaska and both coastal and inland communities, including those along the Kuskokwim and Yukon Rivers - and today has offices and operations throughout the state with more than 650 employees.  The company has consistently provided unique solutions to Alaska's logistics and marine transportation challenges and played an important role in Alaska's business development and in protecting its environment.

"Crowley has enjoyed a long successful history with our CATCO operations on the North Slope, starting in 1972," said Crowley's Craig Tornga, vice president of Crowley's solutions group. "We've used these specialized assets to support North Slope exploration with remote off-road arctic transportation and construction of ice islands and ice roads. The CATCO assets were not a part of our long-term business plans to offer marine services and project solutions. We will continue to offer these specialized services to our customers as we have since the early days of Prudhoe Bay development."

With a terminal storage capacity of more than 70 million gallons, Crowley is strongly positioned as a leader in the Alaska fuel industry, providing transportation, distribution and sales of petroleum products to more than 280 communities across Alaska. Crowley supports the energy industry on the North Slope with summer sealifts of large production modules and various marine transportation services. At the southern terminus of the trans-Alaska oil pipeline, Crowley provides tanker escort and docking services in Valdez Harbor and Prince William Sound for Alyeska Pipeline Service Company's Ship Escort/Response Vessel System, utilizing some of the most technologically advanced and powerful tugboats in the world. Crowley also provides tanker assist and escort services at Tesoro Alaska Company's Nikiski refinery in Cook Inlet. More about Crowley: www.crowleyalaska.com

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