Seacor Marine completes consolidation of SeaCosco JV

Photo: SeaCosco

Seacor Marine has confirmed that a wholly-owned subsidiary of the company has completed the acquisition of the remaining 50 per cent of equity interests in SeaCosco Offshore that it did not already own from affiliates of China’s COSCO Shipping Group.

Seacor Marine will consolidate the operating results of SeaCosco as a 100 per cent owned subsidiary from and after the closing date.

The consolidation also covers eight Rolls-Royce designed platform supply vessels (PSVs). SeaCosco has already taken delivery of seven of these PSVs and expects to take delivery of the eighth vessel later this year.

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