US offshore vessel operator Seacor Marine has announced the sale of two of its 335-foot liftboats to JAD Construction for a total gross amount of $76 million in cash.
The net proceeds from the sale are unencumbered, with the transaction set to be finalized in the third quarter of 2025. The company anticipates a gain of approximately $30.5 million from this divestment. While the specific names of the vessels were not disclosed, it is believed that the vessels in question are the 2014-built Jill and the 2012-built Robert.
Seacor Marine’s CEO, John Gellert, explained that the sale allows the company to lessen its exposure to markets such as offshore wind and decommissioning, which have faced challenges due to deferrals and cancellations, leading to softer demand.
In addition, the sale eliminates the need for costly and time-consuming repairs on one of the vessels, which were scheduled to commence in October 2025.
Gellert stated, “This transaction aligns with our strategic shift away from high volatility markets, selling at a price that reflects the true value of our fleet. The proceeds from the sale provide us with flexibility to reinvest in more promising assets and explore opportunities for consolidation, with a focus on improving our cost structure and strengthening our balance sheet.”