Harvey Gulf closes Abdon Callais asset purchase

abdon j callaisOCTOBER 14, 2013 — New Orleans based Harvey Gulf International Marine reports that it has closed its $460 million cash asset purchase of Abdon Callais Offshore, while simultaneously selling six of the older assets to Adriatic Marine for $72 million.

ACO asset buy includes the 220 ft, DP2 OSV Abdon Callais delivered last year by Master Boats, Bayou La Batre, AL

CEO Shane Guidry commented: "It's been a very busy year. Abdon Callais is the third company I have purchased in the last 12 months, adding 58 vessels to my fleet.  Today, I have 14 vessels at five shipyards ranging in size from 220 ft to 340 ft in length under construction to meet our customer’s needs today and for the future. Our liquefied natural gas (LNG) vessels, LNG marine fuel dock and the large IMR vessels presently under construction are the future of vessel support services for the Gulf of Mexico and soon to be around the Globe."