Privately held Edison Chouest Offshore (ECO), Galliano, Louisiana, owns the most valuable fleet of offshore support vessels amongst US owners, according to data compiled by UK-based ship valuation specialist VesselsValue
ECO’s fleet of 216 vessels is valued at US$1.335Bn, with publicly traded companies Tidewater Marine and Hornbeck Offshore Services (HOS) controlling the second and third most valuable OSV fleets. The data, compiled at the end of November, showed that Tidewater’s fleet of 222 OSVs, the largest by number of vessels, is valued at US$1.041Bn, and HOS’ fleet of 62 at US$511M. Rounding out the top five in order are Harvey Gulf International Marine (HGIM), with 53 vessels valued at US$400M, and SEACOR Marine, with 70 OSVs valued at US$70M.
VesselsValue reported that the total US owned OSV fleet includes 1,248 vessels, more than half of which are platform supply vessels (PSVs). Total value of the OSV fleet is US$4.460Bn, with the PSV Harvey Patriot representing the most valuable vessel at US$35.61M.
A newbuild that will have the ability to operate on LNG, Harvey Patriot is the last of six dynamic positioning class 2-capable, dual-fuel PSVs owned by HGIM, with a length overall of 94.5 m, beam of 19.5 m, draught of 6.07 m and clear deck area of 974 m2.