Crowley Maritime Raises Money for Its Newbuildings

Crowley Maritime Raises Money for Its Newbuildings

Crowley Maritime Corporation has successfully raised gross proceeds of $200 million through the sale of 200,000 shares of Series A Income Preferred Securities. The company intends to use the net proceeds from this offering in connection with its new vessel build program as well as for general corporate purposes.

We are very pleased to have concluded this important transaction for the company, especially as it offers a new source of capital to pursue our growth plans,” said Crowley’s Chairman, President and CEO Tom Crowley.

DNB Markets acted as exclusive financial advisor to Crowley. DNB Markets and Incapital acted as joint book-running managers for the offering.

Crowley Maritime, October 24, 2013

 

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Marine Maintenance World Expo 29 September – 1 October

The international exhibition of maintenance and repair technologies, tools, spare parts, services and systems for vessels of all sizes, from yachts, commercial fishing vessels, work boats, passenger and vehicle ferries, to cargo ships, cruise ships, naval defence fleets, oil tankers, offshore support vessels and offshore-energy platforms.

Expect to see technologies and services including:

• Hull blasting/cleaning equipment
• Hull coatings
• Spare parts component suppliers
• Hull inspection equipment
• Ultrasonic testing equipment
• Non-destructive testing equipment
• Boat-lifting equipment
• Dry dock tools and equipment
• Underwater ship inspection surveys
• Underwater repair technology
• Marine engine maintenance equipment
• Maintenance of marine engine control systems
• Marine transmission maintenance systems
• Predictive maintenance systems
• Engine and oil analysis equipment
• Wear particle indicators
• Vibration analysis systems
• On-ship/onboard visual monitoring display equipment
• Bow stem slamming and strain monitoring
• Water quality monitoring
• Ship maintenance software
• Lifeboat maintenance systems
• Ship repair specialists from around the world
• Hydraulic analysis, coolant analysis, and other fluid analysis
• Wet/underwater welding
• Propeller polishing equipment
• Wireless handheld inventory monitors
• Marine monitoring and control platform
• Integrated platform management systems
• Load cells
• Mooring tension monitoring systems
• Hull stress monitoring equipment
• Tow load monitoring, mooring load monitoring, jetty management monitoring systems
• Mooring load monitoring and analysis equipment
• Marine equipment status monitoring and control systems
• Salinometers
• Marine monitoring and control hardware
• Marine monitoring and control software
• Fleet management systems
• Alarm monitoring equipment
• Power maintenance systems/electrical maintenance systems

Read more about the event here.

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