John Gellert News

SEACOR Marine announced it will convert four of its platform supply vessels (PSV) to battery hybrid power in a move to enhance efficiency and slash emissions.The Houston-headquartered marine transportation firm said on Thursday it has ordered containerized energy storage systems (ESS) from Norway's Kongsberg Maritime for install aboard SEACOR Ohio, SEACOR Alps, SEACOR Andes and SEACOR Atlas.The four 278.4-foot-long PSVs are all of Kongsberg Maritime's UT771 CDL design and were built in China from 2018 to 2020.

Tim Clerc’s maritime career spans half a century, starting with his cadet training in 1969 in the U.K. He sees hybrid technology as one of the most transformational technological developments in maritime in that span, and the company is currently awaiting its 10th hybrid, the Seacor Yangtze. Clerc discusses the hybrid strategy and offers some practical insights.If you had to pick one technology that you think has made the business of running ships more efficient, more cost effective…

New York-listed offshore vessel operator SEACOR Marine has agreed to sell its Windcat Workboats and its crew transfer vessel (“CTV”) business to the Belgian shipping and logistics group Compagnie Maritime Belge (CMB).Windcat Workboats owns and operates a fleet of 46 offshore crew transfer vessels, mainly in the European offshore wind sector, but also in the oil and gas industry and outside Europe. At the closing of the transaction, CMB will pay SEACOR Marine £32.8 million in cash…

U.S. offshore vessel provider Seacor Marine will buy the remaining 50% stake in Seacosco from China's Cosco.Seacor will pay $28.15 million in installments, and the transaction is expected to close in June 2020.With the acquisition, Seacor will take ownership of eight Rolls-Royce designed platform supply vessels from COSCO Shipping Heavy Industry (Guangdong) Co., Ltd.Six of the PSVs are of UT 771WP design, with 4,400 tons deadweight capacity, and two are of UT 771CD design, with 3…

The environment in oil patches onshore and offshore alike has been challenging throughout 2019; worries about an economic slowdown – whether cyclical or induced by a trade war – have weighed heavily on oil prices, even in the face of reduced production by the big producers. Though storm clouds persist, there appears a clearing on the horizon.The fate of Offshore Service Vessels (OSVs) is, naturally, closely tied to the price of oil. Seacor Marine’s John Gellert, in reviewing its Q2 results, said: “Activity levels in the U.S.

The offshore marine support vessels operator Seacor Marine Holdings announced it has entered into definitive agreements to acquire three platform supply vessels (PSVs) from Cosco Shipping Heavy Industry, an affiliate of Cosco Shipping Group, the world’s largest ship owner.Aggregate consideration for the vessels will be approximately $46 million, of which 30% will be paid in cash and 70% will be paid under a four-year deferred payment agreement between Seacor   Marine and Cosco Zhoushan.Half of the cash payment will be funded in the first quarter of 2019 with the balance per vessel to be paid upon physical delivery of each vessel. The parties currently expect the vessels to be delivered on September 30…

U.S. offshore vessel owner Seacor Marine  has acquired of three fast support vessels (FSVs) in exchange for the private placement of 603,872 shares of its common stock to domestic U.S. holders affiliated with the McCall family of Louisiana.The provider of global marine and support transportation services to offshore oil and natural gas and windfarm facilities worldwide has operated the acquired vessels for the past ten years under a revenue sharing pooling agreement along with four of its owned FSVs of similar specification.As part of the transaction, this pooling agreement was terminated. This will eliminate a negative adjustment in recent years to Seacor Marine’s revenue and Direct Vessel Profit (DVP) that resulted from allocations of revenue among the pool participants.

SEACOR Marine Holdings, the provider of marine and support transportation services to offshore oil, has announced the acquisition of UP Offshore (Bahamas)  by a new joint venture company that is 49% owned by a subsidiary of SEACOR Marine and 51% owned by a subsidiary of Proyectos Globales de Energía y Servicios CME.UP Offshore is a leading provider of offshore support vessel services to the energy industry in Brazil, the largest regional market in Latin America, said a press release.Of UP Offshore’s 14 vessel fleet, 12 vessels are located in Brazil and registered under the Brazilian flag. Nine are platform supply vessels, four are ROV…

Systems integrator and equipment maker Rolls-Royce has quietly been adding hybridizing energy-storage packages to a diverse list of vessels. Yet, so, too, has one of its clients — Louisiana-based SEACOR Marine, as it reacts early to tightened emissions and energy-management standards, or EMS, for vessels plying Europe and North America. Fuel savings and energy-company clients seeking green credentials are, it turns out, just part of the upside driving battery retrofits.The fuel savings to be had for keeping thrusters on battery power are a powerful selling point, to be sure.

Falcon Global, a subsidiary of Seacor Marine Holdings and Fred. Olsen Windcarrier  a wholly owned subsidiary of Bonheur ASA announced that they have reached a cooperation agreement whereby each party will exclusively contribute vessels and marine/installation crews to the market and operate a full spread of offshore wind installation and feeder vessels for the US offshore wind market. The Falcon Global fleet consists of one of the largest existing US-flag and Jones-Act compliant lift boats in the U.S. With a proven track record of operating in US-waters under harsh environmental conditions, the Falcon Global fleet represents a longstanding tradition of highly competent US-officers and crew. The combination of Fred.

Six offshore platform supply vessels (PSVs) built and then laid up by the Cosco Guangdong yard in China will be equipped with battery-powered energy systems from Rolls-Royce Commercial Marine before going to work for SEACOSCO. The six vessels are among eight that were laid up at the shipyard after being ordered in 2013 and 2014 that were recently taken over by SEACOSCO, a joint venture between SEACOR Marine Holding and China Cosco Shipping Group. The vessel’s new owners have decided to give six of the vessels an environmental upgrade, with an option for a further two.

SEACOR Holdings Inc.informed that Oivind Lorentzen their Chief Executive Officer has stepped down as Chief Executive Officer, but will continue as a director and non-executive Vice Chairman of the Board of Directors. Charles Fabrikant, Executive Chairman, assumed the position of Chief Executive Officer. In addition, the Company has appointed John Gellert and Eric Fabrikant as co-Chief Operating Officers. Mr. Gellert will oversee Offshore Marine Services and Mr. Eric Fabrikant will oversee Transportation Services, Witt O'Brien's and CLEANCOR Energy Solutions. Matthew Cenac, Chief Financial Officer, and Paul Robinson, Chief Legal Officer, have been elevated to the position of Executive Vice President.

The National Ocean Industries Association (NOIA) today presented SEACOR Marine with the 2015 NOIA Safety in Seas (SIS) Culture of Safety Award and Safety Practice Award. This is the first time the same company has won awards in the same year. NOIA added the Culture of Safety award to the competition in 2014. SEACOR Marine won the Culture of Safety Award for their safety culture model which spurred a seven year trend of declining total number of Lost Time Incidents, Medical Treatment Incidents, and Pollution Incidents reaching Goal Zero for 2014 – that’s a Total Recordable Incident Rate of zero. The Safety Practice Award was presented to SEACOR Marine for their behavior-based safety program PAUSE, which is short for Prevent Accidents Use Safety Equipment.

Keppel FELS Limited (Keppel FELS) has secured a contract with Vision Drilling Pte Ltd (Vision Drilling), a wholly-owned subsidiary of Dynamic Offshore Drilling Limited (Dynamic Offshore Drilling), to build its first KFELS B Class jackup drilling rig for US$180 million. Slated for delivery in 1Q2013, the rig will be able to operate in water depths of 350 feet with a drilling depth of 30,000 feet and accommodate 120 men. Dynamic Offshore Drilling has the option to build an additional rig to be exercised before 3Q2011.

When Seacor Marine LLC became involved with the McCall crewboat fleet they very wisely kept the McCall family participation in the design and building of new vessels. Symbolic of the practice has been the tradition of including McCall in the name of all the fleet’s new crewboats. A few years ago the Colin B. McCall was named in honour of Colin Black whose many innovations in Cummins diesel technology were appreciated by Norman McCall and his son Joe. On December 5, 2006 at a naming ceremony for Seacor’s latest crewboat, Norman McCall once again demonstrated his love of innovation not only in the vessel, but even in the Christening ceremony. Standing on the bow of the 190-ft.

Offshore services vessel operator SEACOR Marine Holdings Inc. said it has formed a jointly owned company with affiliates of the world’s largest ship owner, COSCO Shipping Group. The Marshall Islands company, SEACOSCO Offshore LLC, entered into contracts for the purchase of eight Rolls-Royce designed new construction platform supply vessels (PSV) from COSCO Shipping Heavy Industry (Guangdong) Co., Ltd. Six of the PSVs are of UT 771WP design (4,400 tons deadweight), and two are of UT 771CD design (3,800 tons deadweight).