News and Media

(Jacksonville, Fla.: March 31, 2009) – In the first of several vessel deliveries over the next few weeks, Crowley christened and launched its newest heavy-lift series deck barge, the 455-4, Saturday at Gunderson Marine Shipyard in Portland, Ore.

The 400-foot-long 105-foot-wide barge was christened by Carey Graham, wife of Parker Drilling Vice President Dennis Graham. The vessel’s first assignment will be hauling a Parker Drilling Rig. Following that assignment, it will be turned over to a major energy company for work on the world’s largest land-based rig in Alaska’s North Slope at Satellite Drilling Island (SDI).

Crowley has plans to build up to 13 of these high-capacity barges by 2013. The largest, already in operation in the U.S. Gulf, measures 400 feet by 130 feet. The 455-5, the next barge in the series, is expected to be delivered by Gunderson in May.

Crowley’s heavy-lift 455-series deck barges with 25-foot side shells provide both the capacity and deck strength needed to accommodate larger drilling and production units used for deepwater offshore energy exploration and development. They provide increased stability for loads up to 4,200 pounds per square foot.

Continuing the flurry of new vessel deliveries in the next few weeks, Crowley is also scheduled to take delivery of its newest Articulated Tug Barge (ATB) – the tug Commitment and barge 650-6 – in Pascagoula, Miss. – later this week. The 185,000-barrel ATB, the 10th in Crowley’s fleet, has been chartered by a major energy company to transport petroleum products on the U.S. West Coast beginning in April.

On the heels of that delivery, Crowley will receive, in about one week, the Nachik, a newly-designed shallow draft tug, designed to safely propel petroleum/freight barges in river systems throughout Alaska. The Nachik‘s sister tug, the Sesok, is scheduled for delivery in late May.

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 that 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; vessel management; vessel construction and naval architecture; 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.

# # #