Seacor Marine acquires three more PSVs from Cosco

Seacor Marine acquires three more PSVs from Cosco

US offshore vessel operator Seacor Marine Holdings has entered into agreements to acquire three platform supply vessels from Cosco Shipping Heavy Industry (Zhoushan), an affiliate yard of Cosco Shipping Group, for a total price of around $46m.

Delivery of the vessels are expected in September 2019, January and April of 2020 respectively.

“This is truly an exciting time for Seacor Marine and its stakeholders as we continue to modernize our fleet through prudently structured transactions. In our core areas of US-flag lift boats, aluminum hull fast support vessels, and now, foreign-flag, mid-size deep water platform supply vessels, we will have one of the most modern and commercially viable fleets in the industry for many years to come,” commented John Gellert, Seacor Marine’s CEO.

Seacor established a OSV joint venture with Cosco last year and it acquired eight PSV newbuildings from Cosco Shipping Heavy Industry (Guangdong).

Last week, the company acquired three fast support vessels through a share swapping deal with affiliates of the McCall family of Louisiana.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

Related Posts