Houston-based Seacor Marine has disclosed agreements to build two platform supply vessels (PSVs) for a contract price of $41m per vessel. The company said it has entered into separate agreements to build two 4,650 tons deadweight PSVs with a 1,000 square meter deck area.
The PSVs will be equipped with medium-speed diesel engines as well as an integrated battery energy storage system.
In addition, it has entered into a new senior secured term loan of up to $391m with an affiliate of EnTrust Global (the 2024 SMFH credit facility).
According to Seacor Marine, the credit facility consolidates the company’s debt capital structure into a single credit facility maturing in the fourth quarter of 2029 and provides financing for the shipbuilding contracts.
“The new financing also allows us to retain financial flexibility and support our growth initiatives by financing up to 50% of our order of two PSVs,” said John Gellert, Seacor Marine’s chief executive officer.
Furthermore, Seacor Marine has announced the entry into definitive agreements to sell two anchor handling towing and supply (AHTS) vessels for total proceeds of $22.5m.
The company will partly fund this new construction program with $22.5m of proceeds from the sales of its last remaining AHTS vessels, marking the exit from the AHTS asset class set for January next year.
John Gellert, Seacor Marine’s chief, added: “This order comes at a competitive price point and with an attractive delivery schedule of the fourth quarter of 2026 and first quarter of 2027 for each of the PSVs.
“These vessels expand and complement our PSV fleet as we implement our asset rotation strategy aimed at renewing our fleet with high-specification, environmentally efficient assets to replace older, lower specification assets.”
