Crowley Maritime Arranges $2 Million Donation to USMMA Alumni Foundation

(Kings Point, N.Y.; Sept. 20, 2004) – Crowley Maritime Corporation recently concluded a transaction which made possible a $2 million dollar donation to the United States Merchant Marine Academy (USMMA) Alumni Foundation at Kings Point, N.Y., the largest in the history of the academy.

As a result of this donation, the academy has founded a logistics and intermodal chair in the name of the late Thomas B. Crowley Sr. Crowley led the company to extraordinary heights before passing away in 1994. The company is now run by his son, Tom Crowley Jr., who is chairman, president and CEO.

“We are proud to be a part of the academy’s logistics and intermodal department,” Crowley said. “Some of Crowley’s finest employees have their roots with the academy and we are happy give back in a way that will continue to develop maritime leaders.”

This chair will help to attract scholars and practitioners to the academy for involvement with logistics and intermodal transportation education, research and service. Occupants of the Crowley Chair will enhance the academy’s visibility in the field while providing midshipmen and faculty with unique perspectives on logistics and transportation issues through teaching and public lectures within their expertise. They will also engage in research, attract funding and applied research opportunities for faculty and students, guide the midshipmen in their career and internship opportunities, help organize conferences and seminars, provide consulting services to the industry and advise the faculty on further expansion of the program.

“We appreciate Crowley’s involvement with the academy,” said Gene McCormick, President, USMMA alumni foundation. “With this donation, we will be able to expand our Logistics and Intermodal programs while providing students with real world experiences and hands on research through the Crowley Chair.”

The occupant of the chair is chosen by a panel consisting of the head of the Department of Marine Transportation, the Director of the Logistics and Intermodal Transportation Program, two faculty members and the dean.

The academy was dedicated in 1943 by President Franklin D. Roosevelt to train U.S. citizens for service as officers in the U.S. merchant fleet. In 1974 the academy admitted women to the program. Operated by the Maritime Administration of the U.S. Department of Transportation, the academy has produced more than 20,000 graduates who serve the nation in the maritime industry, both at sea and ashore, and in the Armed Forces.

Oakland-based Crowley Maritime Corp., founded in 1892, is primarily a family- and employee-owned company engaged in worldwide logistics, liner services, contract towing and transportation, energy support services, ship assist and escort services, vessel management and petroleum and chemical marine transport. Additional information about Crowley, its subsidiaries and business units may be found on the Internet at www.crowley.com.

# # #