SEACOR Maya receives Interim Class Certificate
with additional notation Battery-Li from the American Bureau of
Shipping (“ABS”)
New hybrid power solution will help reduce
emissions and fuel consumption and increase safety
SEACOR Marine Holdings Inc. (NYSE: SMHI) (“SEACOR Marine”) today
announced it has completed the installation of the first hybrid
power solution on an offshore support vessel (“OSV”) in the Gulf of
Mexico, following the upgrade of the SEACOR Maya OSV to hybrid
lithium battery power propulsion. After a series of successful sea
and failure mode effect analysis trials, the SEACOR Maya was issued
its Interim Class Certificate from the American Bureau of Shipping
(ABS) with additional notation BATTERY-Li, the first ever ABS OSV
to have this notation. SEACOR Maya is currently operated by
Mantenimiento Express Maritimo, S.A.P.I. de C.V. (“MexMar”), SEACOR
Marine’s joint venture in Mexico.
“The successful installation of a hybrid power solution along
with the first ever ABS OSV BATTERY-Li notation is a big milestone
for our company,” said John Gellert, SEACOR Marine’s Chief
Executive Officer. “We have long believed that cutting edge hybrid
power technology has the potential to improve vessel efficiency,
while reducing fuel consumption and emissions by as much as 20
percent. Early indications from sea trials of SEACOR Maya put us
well within reach of this target and validate the success of our
investment.”
“The new hybrid lithium battery system will also help us improve
safety, drive energy efficiencies and reduce our overall
environmental impact. As governments tighten emissions standards,
this technology will be a key competitive differentiator, leaving
us well placed to take advantage of an upturn in the market.”
SEACOR Marine contracted with ABS, a leading global provider of
classification and technical advisory services to the marine and
offshore industries, in March 2018 to class the SEACOR Maya as the
first OSV in the Gulf of Mexico to operate using hybrid power.
Following the vessel’s successful modification to hybrid lithium
battery power propulsion, ABS provided the additional BATTERY-Li
notation for the SEACOR Maya in May 2018. SEACOR Marine conducted
the upgrade project on the SEACOR Maya at Bollinger Shipyards in
Morgan City, Louisiana. Sea trials of the vessel were conducted in
mid-May 2018.
SEACOR Marine has also engaged with ABS to provide the
additional BATTERY-Li notation on three additional OSVs operated by
MexMar, including SEACOR Azteca, SEACOR Warrior, and SEACOR Viking.
The vessels are expected to be upgraded to a similar battery system
as SEACOR Maya with the upgrade expected to be completed by
September 2018. SEACOR Marine will also install the technology
onboard six vessels under construction at COSCO shipyard in
Guangdong. The first two vessels are due for delivery by the end of
2018, with the remaining vessels set for delivery in 2020.
The lithium-ion-based Orca Energy Storage Systems (ESS) for all
four vessels in the Gulf of Mexico was supplied by Corvus Energy.
Kongsberg Maritime designed the supply and integration of the
hybrid power into the vessel’s control, power monitoring, and
dynamic positioning systems. Corvus and Kongsberg are contracted
for the remaining three vessels operated by MexMar as well.
About SEACOR Marine
SEACOR Marine provides global marine and support transportation
services to offshore oil and gas exploration, development and
production facilities worldwide. SEACOR Marine currently operates a
diverse fleet of offshore support and specialty vessels that
deliver cargo and personnel to offshore installations; handle
anchors and mooring equipment required to tether rigs to the
seabed; tow rigs and assist in placing them on location and moving
them between regions; provides construction, well workover and
decommissioning support; and carry and launch equipment used
underwater in drilling and well installation, maintenance and
repair. Additionally, SEACOR Marine’s vessels provide
accommodations for technicians and specialists, safety support and
emergency response services.
Forward Looking Statements
Certain statements discussed in this release as well as in other
reports, materials and oral statements that the Company releases
from time to time to the public constitute “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995. Generally, words such as “anticipate,”
“estimate,” “expect,” “project,” “intend,” “believe,” “plan,”
“target,” “forecast” and similar expressions are intended to
identify forward-looking statements. Such forward-looking
statements concern management’s expectations, strategic objectives,
business prospects, anticipated economic performance and financial
condition and other similar matters. These statements are not
guarantees of future performance and actual events or results may
differ significantly from these statements. Actual events or
results are subject to significant known and unknown risks,
uncertainties and other important factors, including decreased
demand and loss of revenues as a result of a decline in the price
of oil and resulting decrease in capital spending by oil and gas
companies, an oversupply of newly built offshore support vessels,
additional safety and certification requirements for drilling
activities in the U.S. Gulf of Mexico and delayed approval of
applications for such activities, the possibility of U.S.
government implemented moratoriums directing operators to cease
certain drilling activities in the U.S. Gulf of Mexico and any
extension of such moratoriums, weakening demand for the Company’s
services as a result of unplanned customer suspensions,
cancellations, rate reductions or non-renewals of vessel charters
or failures to finalize commitments to charter vessels in response
to a decline in the price of oil, increased government legislation
and regulation of the Company’s businesses could increase cost of
operations, increased competition if the Jones Act and related
regulations are repealed, liability, legal fees and costs in
connection with the provision of emergency response services, such
as the response to the oil spill as a result of the sinking of the
Deepwater Horizon in April 2010, decreased demand for the Company’s
services as a result of declines in the global economy, declines in
valuations in the global financial markets and a lack of liquidity
in the credit sectors, including, interest rate fluctuations,
availability of credit, inflation rates, change in laws, trade
barriers, commodity prices and currency exchange fluctuations, the
cyclical nature of the oil and gas industry, activity in foreign
countries and changes in foreign political, military and economic
conditions, changes to the status of applicable trade treaties
including as a result of the U.K.’s impending exit from the
European Union, changes in foreign and domestic oil and gas
exploration and production activity, safety record requirements,
compliance with U.S. and foreign government laws and regulations,
including environmental laws and regulations and economic
sanctions, the dependence on several key customers, consolidation
of the Company’s customer base, the ongoing need to replace aging
vessels, industry fleet capacity, restrictions imposed by the Jones
Act and related regulations on the amount of foreign ownership of
the Company’s Common Stock, operational risks, effects of adverse
weather conditions and seasonality, adequacy of insurance coverage,
the ability of the Company to maintain effective internal controls
over financial reporting in accordance with Section 404 of the
Sarbanes-Oxley Act, the attraction and retention of qualified
personnel by the Company, and various other matters and factors,
many of which are beyond the Company’s control as well as those
discussed in Item 1A (Risk Factors) of the Company’s Annual Report
on Form 10-K and other reports filed by the Company with the SEC.
It should be understood that it is not possible to predict or
identify all such factors. Consequently, the preceding should not
be considered to be a complete discussion of all potential risks or
uncertainties and investors and analysts should not place undue
reliance on forward-looking statements. Forward-looking statements
speak only as of the date of the document in which they are made.
The Company disclaims any obligation or undertaking to provide any
updates or revisions to any forward-looking statement to reflect
any change in the Company’s expectations or any change in events,
conditions or circumstances on which the forward-looking statement
is based, except as required by law. It is advisable, however, to
consult any further disclosures the Company makes on related
subjects in its filings with the Securities and Exchange
Commission, including Annual Reports on Form 10-K, Quarterly
Reports on Form 10-Q and Current Reports on Form 8-K (if any).
These statements constitute the Company’s cautionary statements
under the Private Securities Litigation Reform Act of 1995.
Please visit SEACOR Marine’s website at www.seacormarine.com for
additional information.
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version on businesswire.com: https://www.businesswire.com/news/home/20180619006146/en/
SEACOR Marine Holdings Inc.Erica Bartsch,
212-446-1875ebartsch@seacormarine.com
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