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    Seacor vessels cold stack in Gulf of Mexico

    News // April 7, 2009

    Louisiana-based Seacor Marine has cold stacked 15 of its Gulf of Mexico offshore support vessels so far this year, citing the low oil price which has resulted in lower activity levels.

    Broker Seabrokers notes that Seacor was cautious about future prospects for a resumption of trading and mentioned the large orderbook of new tonnage still to be delivered.

    Seacor affirmed that its strong financial position, limited orderbook and diverse fleet would help it through the current downturn.

    The company recently reported an improved fourth quarter profit of US$71.8 million.

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