Seacor Marine buys four platform supply vessels

One of Seacor Marine's PSVs (For illustration)

Seacor Marine, a U.S.-based marine and support transportation services provider to oil and gas industry, has announced the acquisition of four foreign-flagged platform supply vessels (PSVs). 

The company and the sellers agreed to keep the exact terms of the transaction confidential but confirmed aggregate consideration for the four vessels was in the range of $7-9 million in cash, Seacor Marine said last Thursday.

The four vessels are mid-size PSVs of UT 755LN design (approx. 3,250 deadweight) built between 2009 and 2010 with dynamic positioning class two systems.

According to the company, all the vessels are currently located in West Africa, all have valid regulatory trading certificates, and three of the four are presently employed on time charters.

John Gellert, the company’s Chief Executive Officer, commented: “We are pleased to have successfully concluded this transaction after a lengthy process. We believe the price represents strong value for the vessels and offers a compelling use of a portion of our cash reserves.”

Share this article

Follow Offshore Energy Today

Events>

<< Apr 2018 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

9th SCADA World Summit 2018

The 4-day conference event’s key highlights will include case studies from leading energy & utilities companies, interactive discussions…

read more >

AIPN’s 2018 International Petroleum Summit (IPS)

The event features two full days of conference sessions, four pre-conference workshop offerings, a highly-rated structured Speed Networking…

read more >

Mozambique Mining, Oil & Gas and Energy Conference and Exhibition (MMEC 2018)

MMEC 2018 will continue to showcase and explore developments in our country’s thriving Oil & Gas, Mining and Energy sectors and to also focus…

read more >

The Offshore Technology Conference (OTC) 2018

The Offshore Technology Conference (OTC) is where energy professionals meet to exchange ideas and opinions to advance scientific…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply