Crowley Awarded MARAD Vessel Acquisition Management Contract
JACKSONVILLE, Fla., July 28, 2021 /PRNewswire-PRWeb/ -- Crowley Maritime Corporation's Solutions business unit has been awarded a multi-year, $638 million contract for Vessel Acquisition Management (VAM) by the U.S. Maritime Administration (MARAD).
- JACKSONVILLE, Fla., July 28, 2021 /PRNewswire-PRWeb/ -- Crowley Maritime Corporation's Solutions business unit has been awarded a multi-year, $638 million contract for Vessel Acquisition Management (VAM) by the U.S. Maritime Administration (MARAD).
- Crowley's strategic acquisition and vessel management service will assist MARAD in the enhancement of the Ready Reserve Force (RRF), helping reduce the overall age of the fleet and increase ship reliability.
- To carry out the contract, Crowley will use a new, proprietary information technology system to assess, research and make purchasing recommendations.
- After ships enter the fleet, Crowley will maintain and operate the vessels on behalf of MARAD.