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SEACOR Marine Holdings Sells Liftboats for $76 Million, Shifts Focus to More Attractive Assets
ByAinvest
Saturday, Aug 9, 2025 2:39 am ET1min read
SEACOR Marine Holdings has sold two liftboats for $76 million to JAD Construction Limited. The sale is part of the company's strategy to reduce exposure to high volatility markets, improve fleet utilization, and redeploy capital into more attractive assets. Analysts rate the stock a Buy with a $13.00 price target. Valuation concerns are prominent due to negative earnings, but strong shareholder support provides a positive outlook.
Houston, Aug. 07, 2025 — SEACOR Marine Holdings Inc. (SMHI) has announced the sale of two liftboats to JAD Construction Ltd. for a total of $76 million in cash. This strategic move is part of the company's broader plan to reduce exposure to high volatility markets, enhance fleet utilization, and redeploy capital into more attractive assets [1].The two liftboats, part of the 355-class, were built by Gulf Island Marine Fabricators in 2014 and 2011. The transaction is expected to close in the third quarter of 2025, pending customary closing conditions and regulatory approvals. SEACOR Marine anticipates generating an estimated gain of $30.5 million from this sale [1].
According to SEACOR Marine CEO John Gellert, this sale aligns with the company's strategic shift away from volatile markets. The proceeds from the sale will provide multiple options for capital redeployment, potentially leading to consolidation with an improved cost structure and a strengthened balance sheet [1].
The sale also aims to reduce exposure to the offshore wind and decommissioning markets, which have experienced prolonged periods of softer demand due to deferrals and cancellations. This move is expected to improve overall fleet utilization and liquidity, as it removes the anticipated cost and downtime associated with lengthy repairs scheduled for one of the vessels [1].
Analysts have rated the stock a "Buy" with a $13.00 price target, despite concerns over negative earnings. Strong shareholder support provides a positive outlook for the company's future prospects [2].
References:
[1] https://www.workboat.com/seacor-sells-two-liftboats-to-nigerian-company
[2] https://www.quiverquant.com/news/SEACOR+Marine+Holdings+Inc.+Announces+Sale+of+Two+Liftboats+for+%2476+Million+to+JAD+Construction+Limited
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