Harvey Gulf Offer their 836M USD Fleet for Merger with GulfMark

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  • Harvey Gulf offered a merger deal to Gulfmark.
  • The Gulfmark-Tidewater merger in July, this year has created the largest OSV fleets with 10.7 years average age.
  • The merger with Harvey Gulf will provide 129 vessels with an average age of 9.2 years.

In July Gulfmark had announced a deal with Tidewater. Now, it has gone one step further as Harvey Gulf announced in the media that they have offered a rival deal to merge with Gulfmark, earlier this week, reports Vessels Value.

From the Director

Matthew Freeman, VesselsValue Director, states: 

With a combined fleet size of 274 vessels, a merger between GulfMark & Tidewater would lead to one of the largest OSV fleets in terms of overall size with an average age 10.7 years old.

What does the deal mean?

If a merger would materialize between Harvey Gulf and GulfMark, it would mean a smaller overall fleet size of 129 vessels but with an average age of 9.2 years old.

The Harvey Gulf fleet consists of 57 OSV’s and 6 OCV’s (a sector that GulfMark does not currently have a presence in) so the main questions here are the size over specialty and what the future holds.

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SourceVessels Value

3 COMMENTS

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