Harvey Gulf Expands Fleet with Purchase of Bee Mar Vessels and Assets

One of Bee Mar's BUMBLE BEE class PSV.

New Orleans-based Harvey Gulf International says that on June 4, 2012 the company signed an agreement with Bee Mar, LLC to purchase all of Bee Mar’s vessels and assets.

The purchase will include Bee Mar’s relatively new fleet of 10 ABS certified DP-2 platform supply vessels including five 210-ft “Busy Bee” class PSV’s and five of the larger 234-ft “Bumble Bee” class PSV’s built in 2009 at Bollinger Shipyards in Louisiana.  Both the Busy Bee class and Bumble Bee class tout greater cargo carrying capacity than most vessels of comparable size with a total deadweight capacity of 2,700 and 3,000 LT’s, respectively.

The purchase increases Harvey Gulf’s fleet to a total of 32 vessels, with 24 deepwater OSV’s and 8 deepwater towing vessels.  Upon closing, Harvey Gulf will have operations in the U.S. Gulf of Mexico, Alaska, Mozambique Africa, Israel and Saudi Arabia.

Tradewinds reports that the purchase price is in the range of $300 million.