Stephenson Harwood (Singapore) Alliance has advised Seacor Marine on its US$46 million acquisition and financing through deferred payment arrangements of three platform supply vessel newbuildings.

The vessels were purchased from the Cosco Zhoushan shipyard in China. Seacor, the U.S. offshore vessel owner, serves the offshore oil and gas exploration and production industry. This deal is part of the business' ongoing strategic initiative to modernise its fleet. The vessels are Rolls Royce UT771CDL designs which have the capacity to upgrade to a battery hybrid power solution.

The Stephenson Harwood (Singapore) Alliance team was led by finance partner Martin Brown, with assistance from associate Jeffrey Tanner.