HOME | Monitor | CITB Acquires Crowley’s North Slope Assets

CITB Acquires Crowley’s North Slope Assets

Jan 17, 2019 | Monitor, Transportation

The second of three Foss Arctic Class tugs, Denise Foss, at work in Alaska.

Foss

ANCHORAGE—Cook Inlet Tug & Barge, an independent subsidiary of Foss Maritime Company, has entered into an asset purchase agreement with Crowley Vessel Sales Group and completed the purchase of all of Crowley’s Prudhoe Bay assets.

“These assets are already positioned on the North Slope,” said John Parrott, President and CEO of Foss. “They are operationally ready to perform shallow draft tug and barge services and offer us the opportunity to expand our Alaska operations.”

The vessels and marine assets have spent their entire operating years on the North Slope. “The shallow draft design of the vessels makes them ideal to service the North Slope and Western Alaska Markets,” said CITB Sr. Business Development Director, Mike O’Shea. “In addition, the vessels are all in excellent condition.”

Cook Inlet Tug & Barge plans to streamline its operation by focusing on marine equipment and partnering with established shore side service providers in Prudhoe Bay.

“CITB is excited about the addition of this fleet. We look forward to working with companies on the North Slope, and providing leaner options to the oil and gas industry,” said Parrott.

Current Issue

January 2020

January 2020

Matson

We Believe in Our Alaska Community Role - Get to Know Matson, Because We're Interested in Learning About You

Alaska Business Magazine January 2020 cover

In This Issue

The Marx Bros. Café

January 2020

Jack Amon and Richard “Van” Hale opened the doors of the Marx Bros. Café on October 18, 1979; however, the two had already been partners in cuisine for some time, having created the Wednesday Night Gourmet Wine Tasting Society and Volleyball Team Which Now Meets on Sunday, a weekly evening of food and wine. It was actually the end of the weekly event that spurred the name of the restaurant: hours after its final service, Amon and Hale were hauling equipment and furnishings out of their old location and to their now-iconic building on Third Street, all while managing arguments about equipment ownership, a visit from the police, and quite a bit of wine. “If you’ve ever seen the movie ‘A Night at the Opera” starring the Marx Brothers, that’s what it was like,” Hale explains.

Share This