SEACOR and Nabors sign Letter of Intent for offshore fleet
News - June 29, 2007
SEACOR Holdings and Nabors Industries Ltd in the US have announced that they have entered into a Letter of Intent to form a new company to own and operate a fleet of 20 offshore support vessels currently owned by a Nabors affiliate.
A subsidiary of SEACOR will be the majority owner of the new company, Sea Mar Offshore LLC, and will manage its 19 US flag and one foreign flag vessels.
Nabors will be a minority owner of Sea Mar, which will qualify for US coastwise trade.
Early termination of the waiting period under the Hart-Scott-Rodino Anti-Trust Improvement Act of 1976 was granted on June 20th 2007.
The transaction is subject to definitive documentation and expected to close on or before July 13, 2007.
More articles from this category
More news
- Three MacGregor offshore cranes specified for new dive support vessel
Equipment & Technology - May 21, 2013 - SembCorp Marine acquires Equinox Offshore entities
Company News - May 21, 2013 - Gibdock completes refit on WG Cook
Yard News - May 21, 2013 - Sentinel Marine invests in more newbuilds
Vessel & ROV News - May 21, 2013 - Leevac benefits from latest round of Hornbeck newbuilds
Yard News - May 21, 2013 - Scrabster supply base moves to next phase
News - May 20, 2013 - New appointments at Saab Seaeye
Company News - May 20, 2013 - Revised IMCA diving equipment document available for consultation
Publications - May 20, 2013 - IMCA publishes guidlines on ROV installation on vessels
Publications - May 20, 2013 - Atlantic Offshore commissions powerful ERRV
Vessel & ROV News - May 20, 2013 - Harkand to acquire Veolia Marine Services
News - May 20, 2013 - IMCA issues guidance on DP positioned jack-ups and use of dumb barges
Publications - May 17, 2013 - Ibercisa delivers towing winches for Heerema AHT
Equipment & Technology - May 17, 2013 - Kongsberg obtains rights to commercialize Seaglider technology
Vessel & ROV News - May 17, 2013 - Modus invests in another ROV
Vessel & ROV News - May 17, 2013
