Crowley and SEACOR completed the formation of Fairwater.

Crowley, a vessel management, owner, and supply chain logistics services company, and SEACOR, a provider of equipment and services to the offshore petroleum industry, completed the formation of Fairwater, a new entity that consolidates the petroleum and chemical transport vessels, operations and personnel from both companies. Financial terms were not disclosed. "Fairwater creates a new, dynamic leader with the broadest capabilities in our domestic industry for customers and carries forward the shared legacy of value, efficiency and high performance by Crowley and SEACOR," Tom Crowley, Crowley Chairman and CEO.