SEACOR Holdings

SEACOR HOLDINGS INC. ANNOUNCES SALE OF U.S. HARBOR TOWING ASSETS AND OPERATIONS

Retrieved on: 
Monday, September 25, 2023

FORT LAUDERDALE, Fla., Sept. 25, 2023 (GLOBE NEWSWIRE) -- SEACOR Holdings Inc. (“SEACOR”) announced today the sale of its U.S. harbor towing operations and assets from its Seabulk Towing Holdings Inc. (“Seabulk”) subsidiary to two parties, E.N. Bisso & Son, Inc. (“E.N. Bisso”) and Bay-Houston Towing Co. (“Bay-Houston”).

Key Points: 
  • FORT LAUDERDALE, Fla., Sept. 25, 2023 (GLOBE NEWSWIRE) -- SEACOR Holdings Inc. (“SEACOR”) announced today the sale of its U.S. harbor towing operations and assets from its Seabulk Towing Holdings Inc. (“Seabulk”) subsidiary to two parties, E.N.
  • Bisso transaction includes 12 harbor towing vessels across ports in Florida and Alabama.
  • Bisso and Bay-Houston are two industry leading harbor towing providers supported by many decades of safe and reliable operations,” said Eric Fabrikant, Chief Executive Officer of SEACOR Holdings.
  • J.P. Morgan Securities LLC acted as exclusive financial advisor and Milbank LLP acted as legal advisor to SEACOR.

Bay-Houston Towing Announces Purchase of Port Arthur and Lake Charles Operations From Seabulk

Retrieved on: 
Monday, September 25, 2023

Bay-Houston Towing Co. (“Bay- Houston”), a Houston-based provider of harbor tug services, announced today the signing of a definitive agreement to purchase Seabulk Towing Services, Inc. (“STS”) from Seabulk Towing Holdings Inc. (“Seabulk”), a subsidiary of Seacor Holdings Inc.

Key Points: 
  • Bay-Houston Towing Co. (“Bay- Houston”), a Houston-based provider of harbor tug services, announced today the signing of a definitive agreement to purchase Seabulk Towing Services, Inc. (“STS”) from Seabulk Towing Holdings Inc. (“Seabulk”), a subsidiary of Seacor Holdings Inc.
  • Upon closing of the transaction, Bay-Houston will acquire all of Seabulk’s operations in Port Arthur, Texas, and Lake Charles, Louisiana.
  • “We have admired Seabulk for many years, and Bay-Houston is delighted to expand its operations to two important, high-growth ports.
  • “Bay-Houston is an industry leader supported by many decades of safe and reliable operations,” said Eric Fabrikant, Chief Executive Officer of SEACOR Holdings.

Crowley, SEACOR to Create New, Standalone Company Through Integration of U.S. Jones Act Tank Vessel Fleets

Retrieved on: 
Thursday, September 14, 2023

JACKSONVILLE, Fla. and FORT LAUDERDALE, Fla., Sept. 13, 2023 /PRNewswire-PRWeb/ -- Global maritime and logistics leaders Crowley and SEACOR Holdings ("SEACOR"), through its subsidiary Seabulk Tankers, Inc ("Seabulk"), today announced an agreement to form a joint venture that will integrate their liquid energy and chemical transportation vessels, operations and related services into a new, independent U.S. Jones Act service provider, Fairwater Holdings LLC ("Fairwater").

Key Points: 
  • The joint venture will be based in Fort Lauderdale with offices in Fairfield, Conn.; Houston, Jacksonville and Seattle.
  • "Fairwater marks an important milestone in meeting the evolving needs for safe, efficient and sustainable U.S. domestic maritime transportation solutions," said Thorogood.
  • In the coming months, both companies will complete activities to support the integration of the assets and services into the new entity.
  • Milbank LLP and Watson Farley & Williams LLP acted as legal advisors to SEACOR.

Crowley, SEACOR to Create New, Standalone Company Through Integration of U.S. Jones Act Tank Vessel Fleets

Retrieved on: 
Wednesday, September 13, 2023

It will include 20 ocean-going, articulated tug-barges and 11 tankers, many under long-term charter.

Key Points: 
  • It will include 20 ocean-going, articulated tug-barges and 11 tankers, many under long-term charter.
  • The joint venture will provide crewing and technical management for an additional 21 third-party owned vessels.
  • In the coming months, both companies will complete activities to support the integration of the assets and services into the new entity.
  • Milbank LLP and Watson Farley & Williams LLP acted as legal advisors to SEACOR.

American Rare Earths Strengthens US Presence With New High-Level Executive

Retrieved on: 
Monday, January 10, 2022

PHOENIX, Jan. 10, 2022 (GLOBE NEWSWIRE) -- The Board of American Rare Earths (ASX: ARR, OTCQB: ARRNF) is pleased to announce the appointment of Sten Gustafson as a Non-Executive Director.

Key Points: 
  • PHOENIX, Jan. 10, 2022 (GLOBE NEWSWIRE) -- The Board of American Rare Earths (ASX: ARR, OTCQB: ARRNF) is pleased to announce the appointment of Sten Gustafson as a Non-Executive Director.
  • With over 25years of experience in the global energy sector, Mr.Gustafson has advised on over 100 corporate transactions around the world for over $100billion of transaction value.
  • Since 2018, Mr.Gustafson has served as Chairman of the Board of Directors of the publicly traded Norwegian company, Golden Energy Offshore, and has also served as an independent director for Western Rare Earths, the U.S. subsidiary of Australian rare earth mining company, American Rare Earths, since 2020.
  • We continue to increase our U.S. presence and with Sten's recent appointment we are well-positioned to be a key player in the U.S. Rare Earths Industry."

CG Railway Celebrates Completion of New Rail Ferry’s Maiden Voyage, Takes Delivery of Second Rail Ferry

Retrieved on: 
Tuesday, September 28, 2021
Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20210928005734/en/
    An aerial image of the Cherokee, the newest rail ferry in operation at CG Railway, LLC.
  • We are extremely pleased with the Cherokees performance during its maiden voyage, said Todd Biscan, CGR vice president of sales and marketing.
  • The rail ferry transported more than 22,500 tons of diverse commodities, including chemicals, plastics, pulp and paper, agricultural products and food.
  • G&Ws UK/Europe Region includes the U.K.s largest rail maritime intermodal operator and second-largest freight rail provider, as well as regional rail services in Continental Europe.

Join the new Resilience Youth Network | Become a Member, Partner, or Sponsor

Retrieved on: 
Monday, September 20, 2021

While the impacts of these are colloquially known as "natural disasters," they are actually caused by "development disasters" -- systemic failures to invest in climate resilience and disaster preparedness.

Key Points: 
  • While the impacts of these are colloquially known as "natural disasters," they are actually caused by "development disasters" -- systemic failures to invest in climate resilience and disaster preparedness.
  • The Resilience Youth Network is a platform that enables you to share your story, meet collaborators, and find careers and mentors that will help you make a difference.
  • We aim to do this by organizing community resilience projects with our members and by facilitating networking through monthly Zoom speaker events.
  • BECOME A MEMBER
    The Resilience Youth Network is a community of students and young professionals dedicated to improving climate resilience in the built environment.

SEACOR Marine Announces Changes to Board of Directors

Retrieved on: 
Wednesday, April 28, 2021

\xe2\x80\x9cOn a personal level, Charles was instrumental in my career development and I deeply appreciate the confidence and trust he vested in me.

Key Points: 
  • \xe2\x80\x9cOn a personal level, Charles was instrumental in my career development and I deeply appreciate the confidence and trust he vested in me.
  • I also want to thank Bob, whose expert support and guidance has been invaluable to the management team and the Board.
  • Fabrikant, age 76, was founder and chief executive officer of SEACOR Marine\xe2\x80\x99s offshore marine services business since its inception in 1989 until the spin-off of SEACOR Marine from SEACOR Holdings Inc. on June 1, 2017, at which time Mr. Fabrikant continued to serve as Non-Executive Chairman of the Board.
  • Mr. Abendschein, age 59, has served on the Board of Directors since April 27, 2018.\nSEACOR Marine provides global marine and support transportation services to offshore energy facilities worldwide.

American Industrial Partners Announces 67.64% of SEACOR Shares Tendered

Retrieved on: 
Thursday, April 8, 2021

American Industrial Partners and its affiliate Safari Merger Subsidiary, Inc. (Purchaser) announced that 67.64% of outstanding shares of SEACOR Holdings Inc. (NYSE: CKH) (SEACOR) have been tendered pursuant to Purchasers outstanding tender offer at $41.50 per share.

Key Points: 
  • American Industrial Partners and its affiliate Safari Merger Subsidiary, Inc. (Purchaser) announced that 67.64% of outstanding shares of SEACOR Holdings Inc. (NYSE: CKH) (SEACOR) have been tendered pursuant to Purchasers outstanding tender offer at $41.50 per share.
  • The actual physical or book-entry delivery of shares in excess of the minimum tender condition is required in order for Purchaser to accept for payment all shares tendered.
  • Of these shares, 12,276,599 shares, representing 59.73% of the outstanding shares, were tendered physically or by book-entry, and 1,625,714 shares were tendered pursuant to guaranteed delivery procedures.
  • American Industrial Partners is an operationally oriented private equity firm that makes control investments in industrial businesses serving domestic and global markets.

American Industrial Partners Extends SEACOR Tender Offer

Retrieved on: 
Wednesday, April 7, 2021

American Industrial Partners and its affiliate Safari Merger Subsidiary, Inc. (Purchaser) announced that 65.66% of outstanding shares of SEACOR Holdings Inc. (NYSE: CKH) (SEACOR) have been tendered pursuant to Purchasers outstanding tender offer at $41.50 per share.

Key Points: 
  • American Industrial Partners and its affiliate Safari Merger Subsidiary, Inc. (Purchaser) announced that 65.66% of outstanding shares of SEACOR Holdings Inc. (NYSE: CKH) (SEACOR) have been tendered pursuant to Purchasers outstanding tender offer at $41.50 per share.
  • The tender offer is being made pursuant to the tender offer materials (including an Offer to Purchase, a related Letter of Transmittal and certain other offer documents) in the Tender Offer Statement on Schedule TO (together with any amendments or supplements thereto, the Tender Offer Statement) filed by Purchaser and its affiliates with the United States Securities and Exchange Commission on December 18, 2020, as amended.
  • American Industrial Partners is an operationally oriented private equity firm that makes control investments in industrial businesses serving domestic and global markets.
  • SEACORS STOCKHOLDERS AND OTHER INVESTORS ARE URGED TO READ THE TENDER OFFER MATERIALS (INCLUDING AN OFFER TO PURCHASE, A RELATED LETTER OF TRANSMITTAL AND CERTAIN OTHER TENDER OFFER DOCUMENTS) AND THE SOLICITATION/RECOMMENDATION STATEMENT BECAUSE THEY CONTAIN IMPORTANT INFORMATION WHICH SHOULD BE READ CAREFULLY BEFORE ANY DECISION IS MADE WITH RESPECT TO THE TENDER OFFER.