SEACOR Marine Holdings Inc. (“SEACOR Marine” or the “Company”) announced it has entered into definitive agreements to acquire three platform supply vessels (“PSVs”) from COSCO Shipping Heavy Industry (Zhoushan) Co., Ltd. (“COSCO Zhoushan”), an affiliate of COSCO Shipping Group, the world’s largest ship owner. Aggregate consideration for the vessels will be approximately $46.0 million, of which 30% will be paid in cash and 70% will be paid under a four-year deferred payment agreement between...
SEACOR
SEACOR Marine Expands Fleet In Share Transaction
SEACOR Marine Holdings Inc. (“SEACOR Marine” or the “Company”) announced the acquisition of three Fast Support Vessels (“FSVs”) in exchange for the private placement of 603,872 shares of its common stock to domestic U.S. holders affiliated with the McCall family of Louisiana.
SEACOR Marine has operated the acquired vessels for the past ten years under a revenue sharing pooling agreement along with four of its owned FSVs of similar specification. As part of the transaction, this pooling agreement...
https://www.marineinsight.com/shipping-news/seacor-marine-expands-fleet-in-share-transaction/