US offshore vessel operator Seacor Marine has sold two of its 335-foot liftboats to JAD Construction for total gross proceeds of $76m in cash.
The net proceeds from the sales of the are unencumbered, and the transaction is expected to close during the third quarter of 2025. The company expects to gain around $30.5m from the sale. The names of the vessels were not revealed, but the only 335-foot vessels in Seacor’s fleet are the 2014-built Jill and the 2012-built Robert.
According to CEO John Gellert, sales allow Seacor to reduce its exposure to offshore wind and decommissioning markets that have experienced prolonged periods of softer demand due to deferrals and cancellations.
This also removes the anticipated cost and downtime associated with lengthy repairs on one of the vessels, set to begin in October 2025.
“This transaction continues our strategic shift away from high volatility markets at a sales price that reflects the deep value of our fleet. The sale proceeds provide us with multiple options to redeploy capital into more attractive assets and explore opportunities for consolidation with an improved cost structure and a strengthened balance sheet,” Gellert added.
