Rolls-Royce to Upgrade Six Platform Supply Vessels with Battery Power

Rolls-Royce Commercial Marine has received an order to deliver battery-powered energy systems for six platform supply vessels owned by a joint venture involving U.S.-based SEACORE Marine and China Cosco Shipping Group.  SEACOR Marine Holding announced earlier this month that they have entered a Joint Venture with China Cosco Shipping Group, called SEACOSCO, with the … [Read more...]

SEACOR Marine Partners with COSCO Shipping on Eight PSVs

Louisiana-based offshore company Seacor Marine (NYSE:SMHI) has formed a jointly-owned company with China's COSCO Shipping, one of the world's largest shipowners, for the construction and ownership of eight platform supply vessels. The new company, SEACOSCO Offshore LLC, will be based in the Marshall Islands and has already entered into contracts for the purchase of eight … [Read more...]

Kirby Buys Seacor’s Inland Tank Barge Fleet

Houston-based Kirby Corporation (NYSE: KEX) announced an agreement Wednesday to purchase the inland tank barge fleet of SEACOR Holdings for $88 million in cash. The purchase will consist of 27 inland 30,000 barrel tank barges and 13 inland towboats, plus one 30,000 barrel tank barge and one towboat currently under construction. Also part of the agreement, Kirby will transfer … [Read more...]

Oivind Lorentzen Resigns as Seacor CEO, Executive Appointments Made

SEACOR Holdings Inc. has announced this week that Oivind Lorentzen has resigned from his post as Chief Executive Officer and will continue as a director and non-executive Vice Chairman of the Board of Directors. Charles Fabrikant, Executive Chairman has assumed the position of Chief Executive Officer and John Gellert and Eric Fabrikant have been appointed co-Chief Operating … [Read more...]

Steel Cut On Jones Act Product Tankers at NASSCO

General Dynamics NASSCO has started construction on the first of three 330,000 barrel capacity product tankers for SEA-Vista LLC, a joint venture between SEACOR Holdings Inc. and the private equity firm Avista Capital Partners. Each LNG-conversion ready product tanker will be constructed at the NASSCO shipyard in San Diego under Jones Act requirements and will continue to … [Read more...]