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Top News In கட்டுமானம் சேவை செயல்பாடு நாளங்கள் Today - Breaking & Trending Today

Rem Offshore and VARD signed contracts for the design and construction of 2+2 Construction Service Operations Vessels (CSOVs)

Rem Offshore and VARD signed contracts for the design and construction of 2+2 Construction Service Operations Vessels (CSOVs)
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

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Seacor Marine sells crew transfer vessel business to CMB

Photo: Windcat Workboats
New York-listed Seacor Marine has penned a deal to sell its crew transfer vessel (CTV) business with a fleet of 46 CTVs to Belgium’s Compagnie Maritime Belge (CMB).
Seacor Marine will sell Windcat Workboats Holdings to CMB for GBP32.8m ($43.8m) in cash with CMB also assuming approximately GBP20.4m of debt outstanding under Windcat’s existing revolving credit facility.
The transaction is expected to close by 12 January 2021.
The 46 CTVs of Windcat operate in the European offshore wind market. Windcat employs approximately 180 shore-based and sea-going personnel.
“The acquisition of Windcat fits into CMB’s strategy to diversify its business portfolio into the fast-growing offshore wind market and scale up the deployment of hydrogen ships and engines. CMB wants to grow Windcat’s business by building on its strong market-leading European platform whilst expanding into new European and non-Europ ....

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CMB to acquire CTV operator Windcat Workboats from SEACOR Marine

Windcat CTV [Image: CMB]
Antwerp-headquartered Compagnie Maritime Belge (CMB) has reached an agreement to acquire Lowestoft, U.K., headquartered Windcat Workboats Holdings Limited and its crew transfer vessels from SEACOR Marine Holdings Inc. (NYSE: SMHI).
The deal will see CMB pay SEACOR Marine GBP 32.8 million in cash (about US$44.6 million) and assume all of the approximately GBP 20.4 million (about $27.8 million) of debt outstanding under Windcat’s existing revolving credit facility.
The transaction is expected to close on or prior to January 12, 2021.
Windcat owns and operates, directly or through its joint ventures, a fleet of 46 CTVs in the European offshore wind sector. Windcat’s CTVs are designed and built under the supervision of its management, a team with more than 18 years’ experience in the industry. The existing Windcat management team will continue to lead the company after completion of the transaction. ....

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SEACOR Marine and CMB Announce Transaction for Windfarm Support Business | Hellenic Shipping News Worldwide

SEACOR Marine and CMB Announce Transaction for Windfarm Support Business | Hellenic Shipping News Worldwide
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

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SEACOR Marine and CMB Announce Transaction for Windfarm Support Business

Press release content from Globe Newswire. The AP news staff was not involved in its creation.
SEACOR Marine and CMB Announce Transaction for Windfarm Support Business
SEACOR Marine Holdings Inc.December 18, 2020 GMT
HOUSTON and ANTWERP, Belgium, Dec. 18, 2020 (GLOBE NEWSWIRE) SEACOR Marine Holdings Inc. (NYSE:SMHI) (the “Company” or “SEACOR Marine”), a leading provider of marine and support transportation services to offshore oil and natural gas and wind farm facilities worldwide, and Compagnie Maritime Belge (“CMB”), a diversified shipping and logistics group, today announced that a wholly-owned subsidiary of the Company entered into a binding definitive sale and purchase agreement (“SPA”) to sell Windcat Workboats Holdings Limited (“Windcat”) and its crew transfer vessel (“CTV”) business to CMB. As consideration for the sale, at the closing of the transaction, CMB will pay SEACOR Marine £32.8 million in cash, and assume all of the approxim ....

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