Crowley Acquires 500 New 40-Foot High-Cube Containers

(Jacksonville, Fla., January 3, 2012) ¬- Crowley Maritime Corporation's liner services group is continuing to grow and update its equipment fleet to better serve customers with the addition of 500 new 40-foot, high-cube containers. The acquisition adds to the company's already robust equipment fleet of more than 45,000 units, as well as phases out some older containers.

The new containers, which have a capacity of 2,700 cubic feet, will be used in all liner service operations in Latin America, the Caribbean and Puerto Rico.

Our customers value having current, reliable equipment of varying sizes when and where they need it, said John Douglass, senior vice president and general manager, Puerto Rico and Caribbean services. This container acquisition is in keeping with our commitment to meeting and exceeding their needs.

The addition of these new containers, along with other equipment of various sizes and types last year represents an investment of more than $23 million, said John Hourihan, Crowley's senior vice president and general manager of Latin America services. I know our customers appreciate this type of commitment.

The new containers, which contain more durable North American oak wood flooring, exceed all new and amended ISO standards for freight container door security applications. A combination of security enhancements and upgrades deters and prevents unauthorized access into containers and loaded cargo.

Since 2003, Crowley has invested nearly $240 million to modernize and grow its intermodal equipment fleet. Most recently, Crowley purchased 75 car racks (45 feet long and eight feet wide by 9 feet, six inches high), and in November of last year added 222 40-foot high-cube refrigerated containers and 133 new gensets in preparation for the peak perishables season in Central America.

Jacksonville-based Crowley Holdings Inc., a holding company of the 119-year-old Crowley Maritime Corporation, is a privately held family and employee-owned company. The company provides project solutions, 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: 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.