Seasor to buy Cosco PSVs

HOUSTON - The offshore marine support vessels operator Seacor Marine Holdings announced it has entered into definitive agreements to acquire three platform supply vessels (PSVs) from Cosco Shipping Heavy Industry, an affiliate of Cosco Shipping Group, the world’s largest ship owner. Aggregate consideration for the vessels will be about $46M, of which 30 percent will be paid in cash and the remainder under a four-year deferred payment agreement between Seacor Marine and Cosco Zhoushan. The three PSVs acquired will be registered in the Marshall Islands and be named the M/V Seacor Alps; Seacor Andes; and Seacor Atlas. Seacor Marine provides global marine and support transportation services to offshore oil and natural gas and windfarm facilities worldwide. (Source: Seacor 17/19) Gulf Coast Note: Seacor Marine Americas’ HQ is located in Houma, La.