24DEC2018 - NEWS - Seacor Marine Holdings forms a joint venture to acquire Brazil’s UP Offshore

Seacor Marine Holdings has recently formed a joint venue with a subsidiary of Mexico’s Proyectos Globales de Energía y Servicios CME to acquire Brazilian offshore vessel owner UP Offshore. The joint venture acquired UP Offshore for a nominal amount, refinancing around $95m of the company’s debt including a $15m loan from Mantenimiento Express Marítimo (MEXMAR), an existing joint venture in Mexico between affiliates of Seacor and CME. UP Offshore has a fleet of 14 offshore vessels, 12 of them located in Brazil under the Brazilian flag. Nine of the vessels are platform supply vessels, four are ROV support vessels and one is an offshore terminal vessel.

Published by Editor - www.Livebunkers.com at 24-Dec-2018 05:27:40 [UTC] , contact editor at editor@livebunkers.com