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Adriatic Marine to buy six OSVs from Harvey Gulf, ACO fleet

9/23/2013
Raceland, La.-based Adriatic Marine has entered into a contract with Harvey Gladiator, a wholly-owned subsidiary of Harvey Gulf International Marine, for the purchase of six 205’ DP-1 offshore supply vessels (OSVs). The transaction is expected to close in the early fourth quarter. The six vessels are part of a larger acquisition by Harvey Gulf of substantially all of the assets of Abdon Callais Offshore.

With the acquisition of the six 205’ OSVs, Adriatic Marine will have a fleet of 17 DP-1 and DP-2 OSVs, ranging in length from 170’ to 205’, with an average age of four years. Adriatic Marine also has five 200’ DP-2 OSVs and one 260’ DP-2 OSV on order, with all deliveries expected to be completed within two years.

Additionally, Adriatic Marine owns and operates a fleet of ABS-classed, oceangoing deck barges — the oldest was built in 2011. Adriatic Marine has ordered two new 72’-wide barges and two new 100’-wide barges to add to its fleet, with deliveries beginning in October.


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