Harvey Marine completes vessel purchase

Harvey Gulf International Marine said it has completed its purchase of Bee Mar LLC’s nine offshore supply vessels for $243 million. Harvey Gulf immediately renamed the vessels consistent with other Harvey Gulf vessels. It also began seeking bids to stretch five of the new vessels to meet 250-foot offshore supply vessel-class specifications.

Harvey Gulf also said it exercised two of four options to construct additional LNG OSV’s and added two more options, which will eventually bring Harvey’s new-build LNG OSV’s fleet to 10 vessels.

With its acquisitions and construction plans, Harvey will own 26 deepwater offshore service vessels that can deliver 102,000 tons of deadweight cargo to the market daily, with seven more under construction.

Harvey is expanding its operations to include the U.S. Gulf of Mexico, Alaska, Mozambique and Israel.