SEACOR Marine Holdings acquires three vessels in share transaction
SEACOR Marine Holdings acquired three Fast Support Vessels 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 was terminated. This will eliminate a negative adjustment which, in each of the past two years, has been approximately $2.4M per year, the majority of which resulted in a corresponding reduction in DVP. With the addition of these three vessels, SEACOR Marine's fleet of large FSVs now consists of 20 vessels.