Seacor Marine acquires three FSVs in share swap deal

Seacor Marine acquires three FSVs in share swap deal

US offshore vessel operator Seacor Marine has acquired three fast support vessels, swapping 603,872 shares of its common stock via a private placement with affiliates of the McCall family of Louisiana.

Seacor had been operating the vessels for the past ten years under a revenue sharing agreement, the vessels pooled with four of its own FSVs.

With the three additions, Seacor’s fleet of large FSVs grows to 20 vessel, all but three currently contracted.

John Gellert, CEO of Seacor Marine, commented: “This transaction represents a clear continuation of SEACOR Marine’s prudent growth strategy and commitment to actively managing our fleet. Since the end of 2017, we have grown the net book value of our owned fleet by more than $100 million, raised equity and bank debt, and in separate joint ventures, acquired a modern, foreign flag supply vessel fleet built in China and expanded in Brazil through the recently announced acquisition of UP Offshore.”

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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