January 17, 2018 / 9:16 PM / 7 months ago

BRIEF-Seacor Marine Announces JV With Affiliates Of Cosco Shipping Group

Jan 17 (Reuters) - Seacor Marine Holdings Inc:

* SEACOR MARINE ANNOUNCES JOINT VENTURE WITH AFFILIATES OF COSCO SHIPPING GROUP

* SEACOR MARINE HOLDINGS INC - ‍ANNOUNCED FINAL FORMATION OF SEACOSCO OFFSHORE WITH AFFILIATES OF COSCO SHIPPING GROUP​

* SEACOR MARINE-‍SEACOSCO ENTERED DEALS FOR PURCHASE OF 8 ROLLS-ROYCE DESIGNED NEW CONSTRUCTION PLATFORM SUPPLY VESSELS FROM COSCO SHIPPING HEAVY INDUSTRY​

* SEACOR MARINE - ‍SEACOSCO WILL BE FUNDED 30% WITH EQUITY, 70% WITH DEBT FINANCING SECURED BY PSVS ON NON-RECOURSE BASIS TO EQUITY OWNERS​

* SEACOR MARINE HOLDINGS INC - ‍AGGREGATE TOTAL CONSIDERATION FOR EIGHT PSVS, INCLUDING BATTERY SYSTEM, IS APPROXIMATELY $161.1 MILLION​ Source text for Eikon: Further company coverage:

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