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13 November 2019 The on-line newspaper devoted to the world of transports 00:17 GMT+1



November 4, 2019

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Seacor Marine Holding sells the fleet of 18 units ERRV to the North Star Shipping

The transaction will be capacity to term within the beginning of the next month

The American Seacor Marine Holding, specialized in the supply of marine services to the offshore industry, has agreed the sale of own fleet of Emergency Response and Rescue Vessel (ERRV) employed in the Sea of the North the North Star Shipping, Scottish society that work in the same activity range. The cession will happen for about 19,5 million pounds (25,1 million dollars) more a sum until four million pounds on the base of the revenues attended in 2020 and 2021. According to the forecasts, the transaction will be capacity to term within the beginning of the next month.

The sale of the fleet will be carried out through the cession by the Seacord of the entire capital of its society integrally controlled Boston Offshore Putford Safety Ltd. (BPOS) to which, before the sale, such will be conferred the property of four units ERRV in way that the BPOS altogether stops the property of 18 ships of this type.

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