Adriatic to buy five six former ACO OSVs from Harvey

SEPTEMBER 22, 2013 — Raceland, LA, based Adriatic Marine LLC has entered into a contract with Harvey Gladiator LLC, a wholly-owned subsidiary of Harvey Gulf International Marine LLC, for the purchase of six 205 ft DP-1 Offshore Supply Vessels (OSVs).  

The transaction is expected to close in the early fourth quarter of 2013.  The purchased vessels are a subset of a larger acquisition by Harvey Gulf of substantially all of the assets of Abdon Callais Offshore LLC (see earlier story).

 
With the acquisition of the six 205 ft OSVs, Adriatic Marine will have a fleet of seventeen DP-1/DP-2 OSVs, ranging in length from 170 ft to 205 ft and having an average age of four years, making the fleet one of the newest and most sophisticated in the Gulf of Mexico.  

Adriatic Marine also has five 200 ft DP-2 OSVs and one 260 ft DP-2 OSV on order, with all deliveries expected to be completed within two years.
 
Adriatic Marine also owns and operates a fleet of ABS-classed, ocean-going deck barges, the oldest of which was built in 2011.  Adriatic Marine has ordered two new 72 ft wide barges and two new 100 ft-wide barges to add to its fleet, with deliveries commencing in October 2013.