M&A Deal Summary

SEACOR Marine Acquires COSCO Shipping Heavy Industry - Three Platform Supply Vessels

On January 16, 2019, SEACOR Marine acquired marine company COSCO Shipping Heavy Industry - Three Platform Supply Vessels from COSCO Shipping Heavy Industry for 46M USD

Acquisition Highlights
  • This is SEACOR Marine’s 1st transaction in the Marine sector.
  • This is SEACOR Marine’s largest (disclosed) transaction.
  • This is SEACOR Marine’s 1st transaction in China.

M&A Deal Summary
Date 2019-01-16
Target COSCO Shipping Heavy Industry - Three Platform Supply Vessels
Sector Marine
Buyer(s) SEACOR Marine
Sellers(s) COSCO Shipping Heavy Industry
Deal Type Divestiture
Deal Value 46M USD

Target

COSCO Shipping Heavy Industry - Three Platform Supply Vessels

Shanghai, China
COSCO Shipping Heavy Industry Co. Ltd. - Three Platform Supply Vessels are Rolls Royce UT771CDL design of 3,800 tons deadweight capacity with dynamic position class 2 and firefighting class 1 notations. They can accommodate a subsequent upgrade to a battery hybrid power solution. They will be registered in the Marshall Islands and be named the M/V SEACOR Alps, SEACOR Andes, and SEACOR Atlas, respectively.

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Buyer(S) 1

Buyer

SEACOR Marine

Houston, Texas, United States
Category Company
Founded 1989
Sector Marine
Employees1,256
Revenue 280M USD (2023)
DESCRIPTION

SEACOR Marine provides global marine and support transportation services to offshore oil and natural gas and wind farm facilities worldwide. SEACOR Marine and its joint ventures operate a diverse fleet of offshore support and specialty vessels that deliver cargo and personnel to offshore installations; handle anchors and mooring equipment required to tether rigs to the seabed; tow rigs and assist in placing them on location and moving them between regions; provide construction, well workover and decommissioning support; and carry and launch equipment used underwater in drilling and well installation, maintenance, and repair. SEACOR Marine was founded in 1989 and is based in Houston, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Marine) 1 of 1
Type (Divestiture) 1 of 1
Country (China) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-18 Windcat Workboats BV

IJmuiden, Netherlands

Windcat Workboats is a diversified shipping and logistics group that supports vessel providers in Europe, and owns and operates, directly or through its joint ventures, a fleet of 46 CTVs in the European offshore wind sector. Windcat is headquartered in IJmuiden, the Netherlands and Lowestoft, United Kingdom, and has joint ventures with two strong local partners, FRS Windcat Offshore Logistics in Germany and TSM Windcat in France.

Sell £33M

Seller(S) 1

SELLER

COSCO Shipping Heavy Industry

Shanghai, China
Category Company
Sector Marine
DESCRIPTION

COSCO Shipping Heavy Industry Co. Ltd is a large heavy industry enterprise for ship & offshore newbuilding/repair/conversion/demolition and marine supporting service. The company has 44 subsidiaries, and now are the top runner of modern China’s merchant shipbuilding, with a total annual production capacity of 8,000,000 dwt. Up to now, We have delivered more than 780 vessels of diverse types and more than ten types of vessels filled the vacancy of China shipbuilding industry.

DEAL STATS #
Overall 1 of 1
Sector (Marine) 1 of 1
Type (Divestiture) 1 of 1
Country (China) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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