I wonder where the officers will come from, considering Crowley and AMO do not exactly have any supply of surplus tanker-experienced/credentialed Mates and Engineers. Will this be a 100% DC contract (for new business), or which contract will Crowley use to cover the vessels?
Exxon is interesting, as you are absolutely correct in that they prefer to run everything from the top down, micro-manage, and control everything. Sometimes that’s not bad, though it’s highly inefficient at the least. That said, SeaRiver (Exxon) has been chartering ships from outside operators for years.
The American Progress is a nice ship, and while it may have just come out of a yard period, it is by no means a new ship. Why do you think Chevron is dumping the old Double Eagles on charter in favor of taking the newbuilds from Seabulk?
I absolutely feel for you guys. This doesn’t affect me one way or another - I have no interest in Crowley or SeaRiver. That said, look at the offshore oil industry and wage cuts. 40% loss isn’t uncommon, so many readers here are not exactly flowing with sympathy.