Seacor Marine expands fleet with three fast support vessels

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Announcing the deal on Thursday, Seacor Marine said it had 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.

Seacor explained that this would eliminate a negative adjustment in recent years to its revenue and direct vessel profit (DVP) that resulted from allocations of revenue among the pool participants.

In each of the past two years, this negative adjustment to Seacor Marine’s revenue has been approximately $2.4 million per year, the majority of which resulted in a corresponding reduction in DVP.

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