Marad (U.S. Maritime Administration) has signed a contract for the purchase of two vessels for the Ready Reserve Force. Crowley serves as vessel acquisition manager (responsible for contract implementation), and Stena RoRo is part of Crowley's project team on the shipping and logistics company's behalf for Marad. Stena RoRo is also serving as market experts and brokers, as well as providing support in contract drafting.
Marad is purchasing the two vessels from the American Roll-On Roll-Off Carrier Group (ARC). The vessels will be part of the RRF fleet. More vessel purchases are expected to follow as the fleet is in need of rejuvenation.Stena RoRo is part of the project team that Crowley created for the Marad contract. Stena RoRo assists in the process of finding and selecting new vessels, serves as a broker and supports the parties in drawing up contracts in connection with the purchase of vessels.Stena RoRo has extensive experience and knowledge of the global markets relevant to Marad's very specific requirements, Sterna officials said.“We are delighted to be assisting Marad in strengthening the RRF fleet, and looking forward to participating in more vessel purchases within the framework of this collaborative arrangement,” Ambjörn Fröjd, commercial project manager, Stena RoRo, said in a prepared statement.The vessels that Marad has agreed to purchase from ARC are the 623' M/V Freedom and the 623' M/V Honor. The RRF is part of Marad and already has some 40 vessels.
