Marcon International, Nico Middle East purchases AHTS
Posted: 8 December 2004
Marcon International, Inc. of Coupeville, WA said that Nico Middle East Ltd. of Dubai concluded purchase of the 230' x 42', 3900HP AHTS "Gulf Yankee" (ex-Seacor Yankee) and the 248' x 44', 3600HP diesel electric dynamically positioned supply boat "Gulf Frontier" (ex-Seacor Frontier, ex-Acadian Commander). Both vessels were sold by creditors had who bought the boats back at U.S. Marshal's Sale in May of this year.
"Yankee" had been built in 1982 by Moss Point Marine as a 198' AHTS, powered by EMD 16-645E2's and lengthened in 1996. "Frontier" was originally built in 1981 by Halter Marine as a platform supply vessel, later converted to seismic service. A new 30' mid-body section was fitted in 1996 to convert her back to a "new generation" PSV for deepwater cargo service. Both boats were laid up at the time of the purchase. Buyers plan to use the "Yankee" to tow the "Frontier" to the Arabian Gulf where they will continue in oilfield service.
Marcon acted as sole and exclusive broker on behalf of the creditors.
To-date this year Marcon has concluded sales or charters of 47 vessels and barges and has eight additional sales pending and expected to conclude by the end of the year.
Posted by Alexander Lindsay, Editor Pipeline Magazine
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