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Crowley takes delivery of the M/V Sunshine State for American Petroleum Tankers

(Jacksonville, Fla.: Dec. 4, 2009) – Crowley took delivery of Sunshine State, a 331,000-barrel, double-hull oil and chemical tanker, from General Dynamics NASSCO in San Diego, Calif., yesterday for American Petroleum Tankers LLC.

The Sunshine State is the first vessel Crowley has taken delivery of since the company was contracted by APT to handle the shipyard construction management and the overall vessel management, crewing and operation of the company’s growing fleet. The Sunshine State measures 600 feet by 106 feet by 39 feet and has the capacity to carry 331,000 barrels of product. It has a single screw, slow speed diesel plant propulsion system with speeds of 15 knots.

APT’s fleet includes the Golden State, which was delivered in January 2009 and is on long-term charter to BP, and the Pelican State, which was delivered in June and is on long-term charter to Marathon. The Sunshine State is going to be chartered to Chevron U.S.A. Inc. The vessel will be delivered to Chevron U.S.A. Inc. in Pascagoula, Miss.

Two other sister vessels, the Empire State and the Evergreen State, which will both be charted to the Military Sealift Command, are scheduled to be delivered to Crowley in 2010.

“We are pleased to be able to provide our technical vessel construction expertise to the new-build process for the Sunshine State and look forward to offering the same attention to detail as NASSCO builds the Empire State and the Evergreen State,” said Todd Busch, senior vice president and general manager of Crowley’s technical services group. “Crowley will manage the operational side of the business for APT, including the vessel management and crewing, with the same high commitment to detail and safety as we provide to Crowley’s own fleet of petroleum vessels.”

American Petroleum Tankers LLC was formed earlier this year by an investor group led by The Blackstone Group.

General Dynamics NASSCO is one of three shipyards in the Marine Systems group of General Dynamics Corporation (NYSE: GD). General Dynamics, headquartered in Falls Church, Va., employs approximately 92,300 people worldwide and reported 2008 revenues of $29.3 billion.

Jacksonville-based Crowley Holdings Inc., a holding company of the 117-year-old Crowley Maritime Corporation, is a privately held family and employee-owned company. The company provides diversified transportation and logistics services in domestic and international markets by means of six operating lines of business: Puerto Rico/Caribbean Liner Services, Latin America Liner Services, Logistics Services, Petroleum Services, Marine Services and Technical Services. Offered within these operating lines of business are the following services: liner container shipping, logistics, contract towing and transportation; ship assist and escort; energy support; salvage and emergency response through its TITAN Salvage subsidiary; vessel management; vessel construction and naval architecture through its Jensen Maritime subsidiary; government services, and petroleum and chemical transportation, distribution and sales. Additional information about Crowley, its subsidiaries and business units may be found on the Internet at www.crowley.com.

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