SEACOR Marine Announces Strategic Sale of Vessels
SEACOR Marine (NYSE:SMHI) has announced the strategic sale of two 335-foot class liftboats to JAD Construction Limited for $76.0 million in cash, expecting to generate a gain of $30.5 million. The transaction is set to close in Q3 2025.
The sale aligns with SEACOR Marine's strategic shift away from high volatility markets, particularly reducing exposure to offshore wind and decommissioning sectors that have faced prolonged soft demand. The deal will help avoid scheduled repair costs for one vessel planned for October 2025, improving the company's liquidity position.
SEACOR Marine operates a fleet of offshore support vessels providing services to global offshore energy facilities, including cargo transportation, personnel transfer, and offshore wind farm support.
SEACOR Marine (NYSE:SMHI) ha annunciato la vendita strategica di due liftboat della classe da 335 piedi a JAD Construction Limited per 76,0 milioni di dollari in contanti, prevedendo un guadagno di 30,5 milioni di dollari. La transazione 猫 prevista per il terzo trimestre del 2025.
La vendita 猫 in linea con il cambiamento strategico di SEACOR Marine, che mira a ridurre l'esposizione a mercati ad alta volatilit脿, in particolare nei settori dell'eolico offshore e dello smantellamento, che hanno registrato una domanda debole prolungata. L'accordo permetter脿 di evitare i costi di riparazione programmati per una delle imbarcazioni previsti per ottobre 2025, migliorando la liquidit脿 dell'azienda.
SEACOR Marine gestisce una flotta di navi di supporto offshore che forniscono servizi a strutture energetiche offshore globali, inclusi trasporto merci, trasferimento del personale e supporto per parchi eolici offshore.
SEACOR Marine (NYSE:SMHI) ha anunciado la venta estrat茅gica de dos liftboats clase 335 pies a JAD Construction Limited por 76,0 millones de d贸lares en efectivo, esperando generar una ganancia de 30,5 millones de d贸lares. La transacci贸n se cerrar谩 en el tercer trimestre de 2025.
La venta est谩 alineada con el cambio estrat茅gico de SEACOR Marine para alejarse de mercados de alta volatilidad, especialmente reduciendo la exposici贸n a los sectores e贸lico offshore y de desmantelamiento que han enfrentado una demanda prolongadamente d茅bil. El acuerdo ayudar谩 a evitar costos de reparaci贸n programados para una embarcaci贸n en octubre de 2025, mejorando la posici贸n de liquidez de la compa帽铆a.
SEACOR Marine opera una flota de buques de apoyo offshore que brindan servicios a instalaciones energ茅ticas offshore globales, incluyendo transporte de carga, traslado de personal y apoyo a parques e贸licos offshore.
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SEACOR Marine (NYSE:SMHI) a annonc茅 la vente strat茅gique de deux liftboats de 335 pieds 脿 JAD Construction Limited pour 76,0 millions de dollars en esp猫ces, s'attendant 脿 g茅n茅rer un gain de 30,5 millions de dollars. La transaction devrait 锚tre finalis茅e au troisi猫me trimestre 2025.
Cette vente s'inscrit dans le cadre du repositionnement strat茅gique de SEACOR Marine, qui cherche 脿 se d茅tourner des march茅s tr猫s volatils, en r茅duisant notamment son exposition aux secteurs de l'茅olien offshore et du d茅mant猫lement, confront茅s 脿 une demande durablement faible. Cet accord permettra d'茅viter les co没ts de r茅paration pr茅vus pour un navire en octobre 2025, am茅liorant ainsi la tr茅sorerie de l'entreprise.
SEACOR Marine exploite une flotte de navires de soutien offshore fournissant des services aux installations 茅nerg茅tiques offshore mondiales, notamment le transport de marchandises, le transfert de personnel et le soutien aux parcs 茅oliens offshore.
SEACOR Marine (NYSE:SMHI) hat den strategischen Verkauf von zwei 335-Fu脽-Liftbooten an JAD Construction Limited f眉r 76,0 Millionen US-Dollar in bar angek眉ndigt und erwartet einen Gewinn von 30,5 Millionen US-Dollar. Der Abschluss der Transaktion ist f眉r das dritte Quartal 2025 geplant.
Der Verkauf entspricht der strategischen Neuausrichtung von SEACOR Marine weg von hochvolatilen M盲rkten, insbesondere durch die Verringerung der Exponierung gegen眉ber den Offshore-Wind- und R眉ckbau-Sektoren, die eine anhaltend schwache Nachfrage verzeichnet haben. Der Deal hilft, geplante Reparaturkosten f眉r ein Schiff, die f眉r Oktober 2025 angesetzt sind, zu vermeiden und verbessert die Liquidit盲tslage des Unternehmens.
SEACOR Marine betreibt eine Flotte von Offshore-Unterst眉tzungsschiffen, die Dienstleistungen f眉r globale Offshore-Energieanlagen erbringen, darunter Frachttransport, Personentransfer und Unterst眉tzung von Offshore-Windparks.
- Sale will generate significant cash proceeds of $76.0 million
- Expected gain of $30.5 million from the transaction
- Eliminates upcoming repair costs and downtime for one vessel
- Strengthens balance sheet and improves liquidity position
- Enables capital redeployment into more attractive assets
- Reduces company's presence in offshore wind and decommissioning markets
- Decreases total fleet capacity with the sale of two vessels
Insights
SEACOR's $76M vessel sale delivers $30.5M gain, reduces exposure to volatile markets while strengthening balance sheet for strategic redeployment.
SEACOR Marine's strategic divestiture of two 335-foot class liftboats for
The transaction accomplishes several key objectives simultaneously. First, it extracts premium value from assets operating in what management describes as "high volatility markets" with "prolonged periods of softer demand." Specifically, these vessels were exposed to offshore wind and decommissioning sectors that have been plagued by project deferrals and cancellations.
Beyond the immediate cash infusion, this sale delivers three tangible benefits: (1) enhanced fleet utilization metrics by removing underperforming assets from the portfolio, (2) avoidance of scheduled costly repairs on one vessel that would have commenced in October 2025, and (3) creation of financial flexibility with unencumbered proceeds that can be redeployed toward more attractive assets or potential industry consolidation opportunities.
The
This transaction aligns with broader industry trends where offshore service providers are streamlining operations to focus on their highest-return markets while divesting non-core or underperforming assets. The strategic pivot away from offshore wind exposure is particularly notable given previous industry enthusiasm for this sector, suggesting SEACOR is making a calculated retreat from a market that hasn't delivered the anticipated stability or returns.
HOUSTON, Aug. 07, 2025 (GLOBE NEWSWIRE) -- SEACOR Marine Holdings Inc. (NYSE: SMHI) (the 鈥淐ompany鈥� or 鈥淪EACOR Marine鈥�), a leading provider of marine and support transportation services to offshore energy facilities worldwide, today announced that it has entered into definitive agreements for the sale of two 335 foot class liftboats to JAD Construction Limited for total gross proceeds of
Chief Executive Officer John Gellert commented:
鈥淭his transaction continues our strategic shift away from high volatility markets at a sales price that reflects the deep value of our fleet. The sale proceeds provide us with multiple options to redeploy capital into more attractive assets and explore opportunities for consolidation with an improved cost structure and a strengthened balance sheet.
These sales allow the Company to reduce its exposure to offshore wind and decommissioning markets that have experienced prolonged periods of softer demand due to deferrals and cancellations, which will help drive an improvement in our overall fleet utilization. Our actions today will also remove the anticipated cost and downtime associated with lengthy repairs on one of the vessels which were scheduled to commence in October 2025, significantly improving the Company鈥檚 liquidity profile.
I am excited about SEACOR Marine鈥檚 positioning after this sale. We have one of the youngest and highest specification fleets in the industry, with a presence in some of the most dynamic offshore markets in the world, and the opportunity to participate in the industry upcycle.鈥�
SEACOR Marine provides global marine and support transportation services to offshore energy facilities worldwide. SEACOR Marine operates and manages a diverse fleet of offshore support vessels that deliver cargo and personnel to offshore installations, including offshore wind farms; assist offshore operations for production and storage facilities; provide construction, well work-over, offshore wind farm installation and decommissioning support; and carry and launch equipment used underwater in drilling and well installation, maintenance, inspection and repair. Additionally, SEACOR Marine鈥檚 vessels provide emergency response services and accommodations for technicians and specialists.
Certain statements discussed in this release as well as in other reports, materials and oral statements that the Company releases from time to time to the public constitute 鈥渇orward-looking statements鈥� within the meaning of the Private Securities Litigation Reform Act of 1995. Generally, words such as 鈥渁nticipate,鈥� 鈥渆stimate,鈥� 鈥渆xpect,鈥� 鈥減roject,鈥� 鈥渋ntend,鈥� 鈥渂elieve,鈥� 鈥減lan,鈥� 鈥渢arget,鈥� 鈥渇orecast鈥� and similar expressions are intended to identify forward-looking statements. Such forward-looking statements concern management鈥檚 expectations, strategic objectives, business prospects, anticipated economic performance and financial condition and other similar matters. Forward-looking statements are inherently uncertain and subject to a variety of assumptions, risks and uncertainties that could cause actual results to differ materially from those anticipated or expected by the management of the Company. These statements are not guarantees of future performance and actual events or results may differ significantly from these statements. Actual events or results are subject to significant known and unknown risks, uncertainties and other important factors, many of which are beyond the Company鈥檚 control and are described in the Company鈥檚 filings with the SEC. It should be understood that it is not possible to predict or identify all such factors. Given these risk factors, investors and analysts should not place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date of the document in which they are made. The Company disclaims any obligation or undertaking to provide any updates or revisions to any forward-looking statement to reflect any change in the Company鈥檚 expectations or any change in events, conditions or circumstances on which the forward-looking statement is based, except as required by law. It is advisable, however, to consult any further disclosures the Company makes on related subjects in its filings with the Securities and Exchange Commission, including Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K (if any). These statements constitute the Company鈥檚 cautionary statements under the Private Securities Litigation Reform Act of 1995.
Please visit SEACOR Marine鈥檚 website at www.seacormarine.com for additional information.
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FAQ
What is the value of SEACOR Marine's vessel sale to JAD Construction?
When will SEACOR Marine's vessel sale transaction close?
Why is SEACOR Marine (SMHI) selling these vessels?
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What will SEACOR Marine do with the proceeds from the vessel sale?
