All Coast Liftboat 'Barracuda' Refit Work Goes to Semco
Gulf of Mexico liftboat operators All Coast, LLC, have entered into a contract with SEMCO, LLC, for the refurbishment and enhancement of its L/B 'Barracuda', which was previously out of service. Under this agreement, sponsons will be added to the hull, her leg length will be extended from 105 to 120 feet, and quarters will be enlarged. The quarters will be completely outfitted with new furnishings for guests' comfort. All Coast's fleet includes 29 active liftboats operating in the Gulf of Mexico and nine vessels out of service, exclusive of the Barracuda.
All Coast Acquires Hercules Liftboats
All Coast, LLC, a newly formed company for the marine services industry founded by John Powers and John Nesser III, has completed the acquisition of Hercules Offshore’s domestic liftboat assets. This $57.5 million acquisition includes 29 actively marketed liftboats ranging from class 105 to class 229, 10 inactive liftboats and additional related assets. Powers and Nesser, All Coast managers and co-chief executive officers, each have more than 40 years of experience in the oil and gas, engineering and maritime industries.
New Firm Acquires Hercules Offshore Domestic Liftboats
All Coast, LLC, a newly formed company for the marine services industry founded by John Powers and John Nesser III, has completed the acquisition of Hercules Offshore’s domestic liftboat assets. This $57.5 million acquisition includes 29 actively marketed liftboats ranging from class 105 to class 229, 10 inactive liftboats and additional related assets. Powers and Nesser, All Coast managers and co-chief executive officers, each have more than 40 years of experience in the oil and gas, engineering and maritime industries. Throughout his career, Powers has owned and operated numerous energy and marine services companies including Power Offshore Services, LLC; Reeled Tubing, LLC; Seatrax, LLC; and Coastal Drilling Co.
