Crew Boat Market Report - November 2013 - Marcon International, Inc

Marcon International, Inc. Vessels and Barges for Sale or Charter Worldwide

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Details believed correct, not guaranteed. Offered subject to availability.

P.O. Box 1170, 9 NW Front Street, Suite 201 Coupeville, WA 98239 U.S.A. Telephone (360) 678 8880 Fax (360) 678-8890 E Mail: [email protected] http://www.marcon.com

November 2013

Crew Boat Market Report Marcon presently has the following crew boats, pilot boats and launches officially available for sale, both domestically and abroad. Others can be developed on a private and confidential basis.

Length in Feet

Under

30’

30- -

40’

40’ –

50’

50’ –

60’

60’ –

70’

70’ –

80’

80’ –

90’

90’ –

100’

100’ –

110’

110’ –

120’

120’ –

130’

Over

130’ Total

Jan 1997 7 10 36 9 11 6 5 2 29 8 1 0 125

Jan 1998 5 14 24 5 11 5 4 1 11 3 1 0 84

Jan 1999 2 14 25 6 7 4 2 2 11 8 2 0 83

Jan 2000 2 21 24 6 8 10 3 2 15 10 4 1 105

Feb 2001 9 18 25 7 11 9 3 3 27 14 5 3 134

Mar 2002 6 17 15 6 10 3 5 4 17 9 4 1 97

Mar 2003 5 14 25 10 10 3 4 4 19 21 5 4 124

Mar 2004 4 12 15 9 9 6 3 1 16 14 3 2 94

Mar 2005 4 15 18 10 13 4 3 2 14 8 6 1 98

Mar 2006 3 7 13 5 10 2 2 2 9 5 4 2 64

Mar 2007 3 10 10 3 7 5 4 1 8 8 1 1 61

Mar 2008 2 5 9 5 7 6 2 1 8 11 3 0 59

Mar 2009 2 6 7 6 5 10 7 2 8 8 1 10 72

Feb 2010 4 16 17 9 11 11 12 1 19 16 5 21 142

Feb 2011 3 15 17 13 16 13 10 4 18 15 4 29 157

Nov 2011 1 15 24 15 15 10 8 5 20 17 6 31 167

Feb 2012 1 13 25 18 19 8 7 5 21 17 9 26 169

May 2012 2 16 24 23 20 9 8 4 19 18 10 38 191

Aug 2012 2 19 30 23 23 12 8 5 17 17 10 33 199

Nov 2012 2 18 32 24 21 9 6 6 14 12 8 18 170

Feb 2013 5 20 32 24 21 11 7 7 14 11 9 21 182

May 2013 4 22 41 28 21 12 7 11 13 11 8 23 201

Aug 2013 4 18 40 26 21 11 6 8 12 15 6 18 185

Nov 2013 - Worldwide 4 19 37 26 20 13 5 10 9 15 3 24 185

Nov 2013 - U.S. 0 8 17 5 9 1 1 0 1 2 1 7 52

Nov 2013 - Foreign 4 11 20 21 11 12 4 10 8 13 2 17 133

Avg. Age - Worldwide 2001 1990 1989 1993 1989 1989 1983 1994 1981 1988 2000 2005

Avg. Age - U.S. 0 1979 1987 1985 1976 2004 1973 0 1969 1989 1980 2004

Avg. Age - Foreign 2001 1997 1991 1995 2000 1987 1986 1994 1982 1988 2011 2005

Charter - Worldwide 0 3 6 4 1 1 2 3 3 4 7 7 41

Charter – U.S. 0 0 0 0 0 0 0 0 0 1 1 0 2

Charter – Foreign 0 3 6 4 1 1 2 3 3 3 6 7 39

Up Since Last Report Down Since Last Report

Market Overview Of the 12,664 vessels and 3,846 barges Marcon tracks, 1,089 are crew, fast supply & pilot boats with 185 officially on the market for sale, plus we have 41 boats available for charter worldwide. 28.1% of the boats officially for sale are U.S. flag. 58 crew boats for sale worldwide were built within the last 10 years. 78 boats, or 42.16%, are 25 years of age or older. The oldest boat listed is a 50’, 250BHP built 1962 located on the Canadian Great Lakes, which is counterbalanced by six foreign-built newbuild crewboats, from 25’ -180’ length overall and 350-7,200BHP. The offshore market continues to improve or remain steady worldwide. Demand remains strong for both older generation crew boats and new fast crew/supply vessels. Over the last year, the number of older and newer crew boats for sale over 100’ has shrunk, following the sale of a number of boats out of the U.S. domestic market. DP fast crew/supply vessels remain in short supply worldwide on the sale and purchase market due to high utilization. Finding good purchase opportunities in this market remain difficult. Southeast Asia and the Mid-East are also enjoying high utilization with a lack of boats for sale. Even though the market is tight, Marcon still has boats available from the smallest to 180’ fast supply vessels, including some private listings.

Marcon International, Inc. Crew Boat Market Report – November 2013

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Prices for older conventional crewboats in the U.S. Gulf in the small to mid-size range have increased. Prices are also rising for medium age/size boats in excess of 160’. Actual sale prices of all vessels and barges sold by Marcon so far in 2013 averaged 87.39% of asking prices, compared to 2012’s 81.79% and 2011’s 93.03%. Where vessel location is known, 52 boats for sale are located in the U.S., followed by 38 in Europe, 34 in Southeast Asia, 25 in the Mediterranean, 16 in the Mid East, Latin America eight, four in Southwest Asia and two each in Canada, the Far East, South Pacific and undisclosed. Of the crew, pilot boats and launches listed for sale, the most popular engine is still GM diesels powering 63 out of 175 boats where engines are given, followed by 31 Cummins powered, 20 CATs, 10 MTUs, eight each MANs and Volvos, four each Gardner and Iveco powered boats and 27 with other types.

Recent Marcon Sales One 105’ x 22’ x 8’, aluminum crew boat was sold by private U.S. Owners to Mexican Buyers. The triple screw vessel was built in 1981 by Swiftships, Inc. of Lafitte, Louisiana. She is powered by three turbocharged GM 12V71TI diesels, generating a total of 1,530BHP @ 2,100RPM, which propels the boat to a speed of 20-25kn. Capacities include about 34LT of cargo on an open 43’ x 17’ aft cargo deck, 2,400g fuel and 1,000g fresh water. Inside air conditioned seating is provided for 45 passengers, plus accommodations for a crew of four with a full galley and head. The vessel was recently dry-docked, refurbished and reclassed under an IACS society by the new owner. Plans are being made by the new owner to transport the vessel on her own bottom to Mexico where she will be employed in local oilfield support. This is the sixth crew boat Marcon has brokered to this same buyer over the last 24 months. Two additional sister-boats were sold to the same Buyer earlier this summer. Marcon acted as sole broker in this sale and all five previous transactions. Buyer and Seller have requested names be kept confidential due to commercial reasons.

Two 42.0’ x 15.0’ x 5.0’ aluminum, U.S. flag crewboats were sold by U.S. operators to Latin American buyers on a private and confidential basis. The boats were built by a U.S. shipyard in 2000 and 2001 and U.S. Coast Guard certified to carry 18 passengers and 3,700lbs of cargo on a 9’ x 10’ clear deck aft. Maximum speed is about 25kn, delivered by a pair of GM6-71NA diesels. Upon closing, both boats were loaded on board a heavy lift ship for transport overseas. Marcon has handled numerous sales for this owner over the years and can develop several additional sister vessels.

Recent New Construction and Shipyard News SEAS, Piriou's Vietnam-based shipyard has just delivered the fourth 53m FPSV (Fast Passenger & Supply vessel) of an order for four units to Bourbon, the "Bourbon Norte". The first unit, "Bourbon Sirocco" was delivered in October 2012, followed by the "Bourbon Shamal" in January 2013 and the "Bourbon Harmattan" in March 2013. With more than 100 crew-boats built since 1995 in France, Nigeria and Vietnam, Piriou has become one of the world's leading aluminum crew boat builders. Pascal Piriou states "After 9 months of operation, our 53m FPSV prototype has lived up to its ambitions. It is economical both in terms of purchase and operating costs, ergonomic and has a remarkable, attractive design. The vessel is therefore a success, and we intend to capitalize on it in the very near future with new orders and with smaller versions, starting in particular with a 40m model".


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Piriou has developed its own range of FPSVs, the results of its shipbuilding and ship maintenance experience gained in the shipyard in Nigeria. These four units delivered to Bourbon, the first ships in a brand new series, are the largest in the multipurpose range of FPSVs developed by Piriou which includes vessels from 19 to 53m. These new designs offer a series of particularly sought after characteristics: improved lightship and loaded speeds with constant consumption; improved economy regime consumption; and improved passenger comfort with a "business class" cabin as a possible option. These versatile aluminum ships are to be used for the offshore oil industry and allow the transport of personnel plus freight on deck. The design is carried out in-house by Piriou Ingenierie. The new generation offers greater capacities in terms of speed and passengers than other ships of its kind, offering the client a vessel that stands out from its competitors. Easily identifiable by its straight bow, improving comfort for the crew, this ship has exceptional maneuverability and improved safety thanks to the class 2 dynamic positioning system (DP2). After delivering the first four 53m FPSVs for transporting personnel and freight to

offshore oil sites, Piriou has won an order for two new units which will also be built in Vietnam. Suisse Outremer AG group has just confirmed an order for two 53m units, the "Kathrin T" and the "Karol W", for delivery in May and September 2014, which will be commercially operated by ABC Maritime AG in West Africa. After delivery of four ships that have been put into service on the West African coast and in the Gulf of Mexico, this order bears witness to the success of the main ship in the range of crew boats recently developed by Piriou. Very advanced discussions have also vindicated the decision taken by the Piriou group to start the series production of six units of the same type per year. With the same hull and propulsion system, each of these ships will offer the same level of performance to the different ship owners, whilst leaving the choice of certain options, such as the outfitting of lounges and the type of freight to be transported, to them. Pascal Piriou, CEO of the Piriou group declared "the order from a first rate shipowner such as ABC Maritime AG confirms our positioning as leader of the crew boat market. The quality of our Vietnamese constructions, which meet the most stringent international standards, and series production enables us to be particularly competitive in a rapidly expanding world offshore oil market". The vessels measure 53.40m x 10.00m x 4.40m depth at main deck with a 2.30m maximum draft. They can carry a crew of 10, 60 passengers and have a freight capacity of 226T on an 242m2 area. The vessels are driven by four 1,342kW hydrojets.

Bolstered by this success, Piriou will be starting work on a new FPSV model, a 41m version with a capacity of 80 passengers and 50 tons of freight. The delivery of the first unit is planned for the end of 2014. Identifiable by their straight bow, which improves performance and comfort for personnel, these designs offer a range of advantages: improved light and loaded ship speeds with constant consumption; significantly improved economy

regime consumption; and greater passenger comfort with the possibility of modular lounge outfitting, from standard up to "business class" level. These FPSVs have greater speed and passenger capacity than other ships of this type, offering customers a ship that stands out from its competitors. Thanks to its hydrojet propulsion system the FPSV.53m has exceptional maneuverability. It is also fitted with a class 2 dynamic positioning system (DP2). The vessel measures 41.0m x 8.2m x 1.95m maximum draft and can carry a crew of 10. The vessel is driven by three 1,193kW diesels.


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Long acknowledged as the firm to watch in US crewboat and fast supply boat innovation, Seacor Marine will be attracting industry attention once again when their latest set of new boats begin delivery in 2014. While this new class of mono-hull boats have some big dimensions, the more noteworthy feature will be the size of their engines. During the 2013 International Workboat Show in New Orleans, Seacor’s Senior Project Manager Joe McCall took some time from his busy schedule to explain. With ten vessels in three different classes, all over 200-feet long, this is undoubtedly the largest single order of fast supply boats of their size. Cummins QSK60-M engines, each delivering 2,700HP, will power all of the vessels on order. There will be four boats in the “202-Class”. Two of these are building at their designer’s Gulf Craft yard in Franklin, Louisiana (hulls #477 & #478),

while the other two are taking shape at C&G Boat Works in Mobile Alabama (hulls #125 & #126 ). Each of these boats will have four of the big 2,700HP Cummins QSK60-M engines. The engines drive Hamilton 810 jets through Twin Disc 61500 gears with 2:1 ratios. The boats will each have capacity for about 68 passengers and a cargo deck in excess of 3,500ft2.

A second set of vessels, designated “Express Class” to denote their higher speed, will deliver from C&G Boat Works (hulls #127 to #130). At 210’ by 33’ these boats will have five Cummins QSK60-M engines for a total of 13,500HP each. These vessels, three of which were already started in October this year, will have a fifth booster jet on the center line. The same Hamilton model as the others, the center-waterjet will not require steering and reversing buckets as it will only be used in transit for extra speed. And it is speed that gives these boats the “Express” designation as they have a design speed in excess of 37 knots when running light. These vessels will have the same cargo deck space of about 3,500ft2. “They are pretty much the same below the waterline,” McCall explained, “but Incat-Crowther gives them a different look above the waterline.” The third set of boats is the “Express Plus Class”. At 206’ by 33’, with five Cummins QSK60-M and Hamilton jets, they are also designed by Incat-Crowther’s Louisiana office. “This class will be just as fast as the ‘Express Class’, but will have capability to transport 100 passengers,” McCall said, “100 passengers is more than a typical crewboat can carry.” Construction of the “Express Plus Class” boats will begin in 2014 at Gulfcraft Shipyard. “These boats are being built on spec,” McCall said, “but we feel that vessels with these capabilities will be in high demand. These vessels will deliver in late 2015 and early 2016.” All three classes of vessels will be ABS Classed DP2 and will have three 200HP bow thrusters. This is enough redundancy that they would still be DP2 even if they lost one bow thruster. The same engines, gears and jets have also been specified for the three classes. “These boats will make better than 20 knots loaded, but we are marketing them for their light boat speeds,” explained McCall. McCall explains that Seacor is a global company that builds for the global market. “The IMO and US Coast Guard requirements are not perfectly aligned so we build a fully compliant vessel capable of meeting the needs of all relevant oilfield markets. We also have built in redundancy to most systems so if something goes down we can continue to operate until the next scheduled maintenance.” (General Arrangements of four-engine 202-Class and five-engine Express Plus-Class courtesy of Seacor Marine. Cummins Hotip#715)


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Shipyards along the coast of Louisiana have been turning out high-speed aluminum crew boats for several decades now. While ever larger and faster new vessels are being launched, many of the smaller older vessels continue to give good service in other waters. Trinidad Mooring & Launch has a fleet of vessels providing a range of services including pilot transfers, chandlery, mooring, dive support, off shore transportation and seismic support. The firm recently arranged with local San Juan, Trinidad Cummins engine dealer FT Farfan, to have two of their vessels, the 65-foot “Sarah P” and the 74-foot “Mr. Bud”, repowered with a pair of Cummins KTA19-M4 engines each. This was not a “like-for-like” repower so the old V-configuration two-stroke Detroit engines had to be removed along with their gears, shafts, controls, and instrumentation.

The “Sarah P”, built in 1965 at Swift Ships in Morgan City, Louisiana, was the first of the two vessels to be repowered. She had been refurbished in 2005 but now she would get new engines. Fitting the new in-line six-cylinder engines into the 18-foot wide aluminum hull of the “Sarah P” was a collaborative effort of a team of skilled technicians together with the TML vessel engineer and Cummins Marine Applications engineer for FT Farfan – Andre Khan. As MAE, Khan guided the team to ensure that the

engine installation was performed in accordance with the Cummins Marine Installation Review. Although space within the vessel’s hull was very limited; temperatures inside the hull in the tropical environment were hot and humid, the team persevered, installing both engines in a little less than 3 weeks. The team experienced challenges in physically fitting the two in-line 6-cyliner Cummins KTA19M4 engine into the hull with its 5.5-foot molded depth. After the engines were fully installed all piping for fuel, cooling & exhaust was routed and resized accordingly. On the 74’ “Mr. Bud”, built in 1973 and refurbished in 2008, the experience was similar, although each vessel is unique and no two installations are the same. In addition to the new engines, the “Mr. Bud” was virtually rebuilt. The customer had several issues which delayed completion of the install, however, the sea trial proved not only the expertise of the FT Farfan technicians and MAE but the power and reliability of these Cummins KTA19-M4 engines delivering 700HP each to 36”x36” props through ZF BW1900 gears with 2.5:1 ratios. With the new engines and a general refurbishment the pair of crew boats can be expected to deliver many more years of dependable service. (Photos courtesy of FT Farfan Ltd. Cummins Hotips#709.)

Damen announced that on November 27th, 2013 the “Don Daniel T.” was handed over to Naviera Integral from Mexico. This Fast Crew Supplier 5009, the eighth vessel of this type in the Naviera fleet, is sailing on its own keel to Ciudad del Carmen where it will arrive early January 2014. The vessel was constructed in Vietnam and was delivered two days before the date that was agreed upon in the contract, which was signed in July 2013. The vessel measures 53.25m by 10.10m beam by 2.68m draught. It is

driven by four CAT3612C with total power 9,600BHP at 1,800RPM, turning four propellers. There are two tunnel thrusters. The vessel has a service speed of about 25kn and a maximum speed of about 28kn.


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Designed in-house by the Cheoy Lee design team over 20 years ago, the design of this venerable launch has changed very little over the years. Used by several branches of Shell Petroleum in South East Asia, the steel vessel has been used for both pilot and mooring launch duties. This latest delivery to Hongkong United Dockyard represents the completion of a tug and barge combination order, and this launch will work together with the custom built barges recently delivered by Cheoy Lee. The bow of the launch, heavily sheathed with rubber fendering, is a custom design that will interlock with either barge. Construction is to Bureau Veritas class, and propulsion is by a pair of Caterpillar C18 diesels, each developing 600HP at 1,800RPM, at their continuous output duty rating. Propellers are fixed pitch and housed in nozzles for improved thrust, resulting in a bollard pull of 18.7 tons, and a top speed of 12.5 knots. A single 17.5kW Onan generator is also housed in the open plan engine room. Two large removal hatches over the main engines lead directly to the clear deck space above for simple removal of machinery for maintenance and repair. Fuel is contained in a large double bottom tank in the engine room, and two wing tanks outboard of the main engines. Fresh water is stored in a double bottom tank forward of the engine room. Total fuel capacity is 15,200 liters and fresh water capacity is 1,600 liters. Accommodation is minimal and comprises of a simple galley and head on the lower deck forward, with seating for 24 passengers on the main deck aft of the helm station. The launch is designed to be operated by a crew of three. Aft of the engine room, there is a large storage area below the wood clad aft deck. Deck gear includes a towing hook, capstan and electric an davit to starboard. Above the wheelhouse, the navigation light mast can be folded down to within the area protected by steel rails to avoid damage from lines during ship mooring operations. The radar scanner and other electronics are also mounted within this protected area. The vessel measures 21.00m loa x 5.85m beam x 1.60m draft. Below is a breakdown of current US shipyard contracts per Maritime Business Strategies, LLC, in association with MarineLog, as of November 12th, 2013. There are currently at least 17 crewboats being built, a decrease of eight from our last report in May.

Type of Vessel Customer Name Description Contract Price

($mm) Contract Delivery

Breaux Bros., Loreauville LA

Crewboat Edison Chouest Fast Supporter 195 ft. 13-Oct

Crewboat Edison Chouest 195 ft. 14-Jun

Crewboat Edison Chouest 195 ft. 14-Sep

C. & G. BW, Mobile AL

Crewboat Seacor 202 ft. 2013






Gulf Craft, Patterson LA

Crewboat Gulf Offshore Logistics 220 ft. 2013

Crewboat Gulf Offshore Logistics 220 ft. 2013

Crewboat Texas Crewboats 220 ft. 2013

Crewboat Seacor Seacor Lynx 202 ft. 2013

Crewboat Seacor Seacor Leopard 202 ft. 2013



Horizon SB, Bayou La Batre AL

Crewboats 42-ft. 2013-2014


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Recent Corporate News Tidewater Inc. of New Orleans, reported second quarter net earnings for the period ended September 30, 2013, of $54.2 million on revenues of $367.9 million. For the same quarter last year, net earnings were $41.4 million on revenues of $311.9 million. The preceding quarter ended June 30, 2013, had net earnings of $30.1 million on revenues of $334.1 million. Net earnings for the September 30, 2013 quarter reflect $4.1 million ($3.0 million after tax) loss on early extinguishment of debt associated with bonds issued in April 2013 by Troms Offshore Supply AS, a wholly-owned subsidiary of Tidewater acquired in June 2013.

The price of crude oil decreased slightly during the beginning of Tidewater’s fiscal year due to lower than expected worldwide demand during the first half of 2013 but has rebounded during the current quarter. This rebound is due to intermittent recovery in European markets and improvements in the U.S. economy, and, as a result, analysts believe that this will result in modest growth in emerging markets such as China and Brazil. It should be noted, however, that improvements in the U.S. economy are fragile and are hinged upon debt ceiling negotiations and decisions made by the Federal Reserve Board in regards to monetary policy. Overall crude demand is expected to increase during the remaining

months of calendar year 2013 and into 2014 as a consequence of these worldwide economic improvements. Tidewater anticipates that its longer-term utilization and day rate trends for its vessels will be correlated with demand for and the price of crude oil, which in early October 2013, was trading around $103 per barrel for West Texas Intermediate (WTI) crude and around $110 per barrel for Intercontinental Exchange (ICE) Brent crude. These elevated crude oil prices generally bode well for increases in drilling and exploration activity, which would support increases in demand for Tidewater’s vessels, both in the various global markets and the deepwater sectors of the U.S. GOM. During fiscal 2014, natural gas prices have trended lower primarily due to increased supply, which has resulted in increases in natural gas inventories. Causes of the lower demand in natural gas include milder weather patterns and a reduction in the number of nuclear power plant outages. In particular, the continuing rise in production of unconventional gas resources in North America (in part due to increases in onshore shale production resulting from technological advancements in horizontal drilling and hydraulic fracturing) and the commissioning of a number of new, large, Liquefied Natural Gas (LNG) exporting facilities around the world have contributed to an oversupplied natural gas market. As of the beginning of October 2013, natural gas was trading in the U.S. at approximately $3.70 per Mcf which is down from approximately $4.00 per Mcf in March 2013. Oversupplied natural gas inventories in the U.S. continue to exert downward pricing pressures on natural gas prices in the U.S. Prolonged periods of oversupply of natural gas (whether from conventional or unconventional natural gas production or gas produced as a byproduct of crude oil production) will likely continue to suppress prices for natural gas, although over the longer term, relatively low natural gas prices may also lead to increased demand for the resource. High onshore gas production along with a prolonged downturn in natural gas prices can negatively impact the offshore exploration and development plans of E&P companies, which in turn, would suppress demand for offshore support vessel services, primarily in the Americas segment (specifically Tidewater’s U.S. operations where natural gas is a more prevalent, exploitable hydrocarbon resource).


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Certain oil and gas industry analysts are reporting in their 2013 E&P expenditures (both land-based and offshore) surveys that global capital expenditure budgets for E&P companies are forecast to increase by at least 7% over calendar year 2012 levels. The surveys forecast that international capital spending budgets will increase approximately 9% while North American capital spending budgets are forecast to increase less than 1% as compared to prior year. It is anticipated by these analysts that the North American capital budget increases will primarily be spent onshore rather than offshore, while international E&P spending is expected to be largely offshore, with the strongest markets expected to include Latin America, the Middle East, Russia, Europe and Asia. Capital expenditure budgets incorporated into the spending surveys were based on an approx. $85 WTI and $98 Brent average prices per barrel of oil. E&P companies are estimated to be using an approx. $3.47 per Mcf average natural gas price for their 2013 capital budgets and natural gas directed drilling is forecast to decline in 2013. Deepwater activity continues to be a significant segment of the global offshore crude oil and natural gas markets, and it is also a source of potential growth for Tidewater. Deepwater oil and gas development typically involves significant capital investment and multi-year development plans. Such projects are generally underwritten by the participating exploration, field development and production companies using relatively conservative assumptions relating to crude oil and natural gas prices. These projects are, therefore, considered less susceptible to short-term fluctuations in the price of crude oil and natural gas. During the past few years, worldwide rig construction increased as rig owners capitalized on the high worldwide demand for drilling and low shipyard and financing costs. Reports published by IHS Petrodata at the beginning of October 2013 indicate that the worldwide movable offshore drilling rig count, estimated at approximately 900 rigs, approximately 34% of which are designed to operate in deeper waters, will increase with the delivery within the next several years of approximately 230 new-build offshore rigs that are on order and under construction. Of the estimated 900 movable offshore rigs worldwide, approximately 700 are working as of September 30, 2013, approximately 36% of which are designed to operate in deeper waters. It is further estimated that approximately 45% of the new-build rigs are being built to operate in deeper waters, suggesting that the total population of deepwater working rigs could grow to 38% of the working rig population if all new-build rigs are incremental working rigs. Investment is also being made in the floating production unit market, with approximately 52 new floating production units under construction and expected to be delivered primarily over the next three years to supplement the approximately 365 floating production units already in existence worldwide. Americas-based vessel revenues increased 24% or $19.6 million during the quarter ended September 30, 2013 compared to the same period of the prior fiscal year, due primarily to revenues earned on deepwater vessels which increased $17.1 million or 38%. The increase in deepwater revenues during the quarter compared to the same period fiscal 2013 is the result of a 12% increase in average day rates and an increase in number of vessels operating in the Americas segment which were transferred from other segments because of increased demand for deepwater drilling services in Brazil and U.S. Gulf of Mexico during the current fiscal year. Revenues earned on the other vessel class increased 43%, or $2.8 million, compared to the same period the prior fiscal year, due to

increase in average day rates of 29%, as well as increases in utilization rates of 19 percentage points. Revenues from towing-supply/supply vessels during the quarters ended September 30, 2013 and 2012 were comparable. At the beginning of fiscal 2014, Tidewater had 26 Americas-based stacked vessels. During the first six months of fiscal 2014, Tidewater stacked three additional vessels, returned one vessel to service from the previously stacked vessel fleet and sold six vessels from the previously stacked vessel fleet, resulting in a total of 22 stacked Americas-based vessels as of September 30, 2013. Americas-based

vessel revenues increased 13%, or $11.7 million, during the second quarter of fiscal 2014 as compared to the first quarter of fiscal 2014, primarily due to higher revenues earned on the deepwater and towing-supply/supply vessels. Revenues from the deepwater increased 12%, or $6.8 million, during the same comparative periods, primarily due to an increased number of deepwater vessels operating in the segment which were transferred in from other segments because of the increasing demand for deepwater drilling services in Brazil and the U.S. Gulf of Mexico. In addition, revenues from towing-supply/supply vessels increased 12%, or $3.2 million, during the same comparative periods, due to a six percentage point increase in utilization rates.


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Asia/Pacific-based vessel revenues decreased 18% or $8.3 million during the quarter ended September 30, 2013, as compared to the quarter ended September 30, 2012, primarily due to lower revenues from both the towing-supply/supply and deepwater vessel classes. Revenues from towing-supply/supply vessels decreased 18% or $3.7 million during the quarter ended September 30, 2013 as compared to the same period of fiscal 2013. Revenues from deepwater vessels also decreased 19% or $4.7 million during the same respective comparative period. Decreases among both vessel classes are attributable to vessel transferring to other segments where market opportunities are currently more robust. At the beginning of fiscal 2014, Tidewater had nine Asia/Pacific-based stacked vessels. During the first six months of fiscal 2014, Tidewater sold five vessels from the previously stacked vessel fleet and stacked no additional vessels, resulting in a total of four stacked Asia/Pacific-based vessels as of September 30, 2013. Asia/Pacific-based vessel revenues decreased 13%, or $5.5 million, during the second quarter of fiscal 2014 as compared to the first quarter of fiscal 2014, primarily due to a decrease in revenues earned on the deepwater vessels. Deepwater vessel revenue decreased 18%, or $4.4 million, during the same comparative period, due to a 13 percentage point decrease in utilization rates. Sub-Saharan Africa/Europe-based vessel revenues increased 20%, or $29.2 million, during the second quarter of fiscal 2014 as compared to the second quarter of fiscal 2013, primarily due to higher revenues earned on the deepwater vessels. Revenues from deepwater vessels increased 57%, or $38.8 million, during the same comparative period, due to a 20% increase in average day rates due to the use of newer, higher spec equipment which has been moved into the area to meet customer needs as older vessels were transferred to other segments or stacked. Revenues from deepwater vessels during the quarter ended September 30, 2013 also included $20.7 million from vessels related to the June 2013 acquisition of Troms Offshore. Revenues from the towing-supply/supply vessels decreased 11%, or $6.8 million, during the same comparative periods, due to retroactive rate increases on certain vessel charter agreements that were recorded as vessel revenue in the second quarter of fiscal 2013. Revenues from the other class of vessels decreased 15%, or $2.8 million, during the same comparative period, due to a 9% decrease in average day rates and a seven percentage point decrease in utilization rates. At the beginning of fiscal 2014, Tidewater had 10 Sub-Saharan Africa/Europe-based stacked vessels. During the first half of fiscal 2014, Tidewater stacked three additional vessels, sold one previously stacked vessel and returned to service one vessel from the previously stacked vessel fleet, resulting in a total of 11 stacked Sub-Saharan Africa/Europe-based vessels as of September 30, 2013. Sub-Saharan Africa/Europe-based vessel revenues increased 14%, or $21.7 million, during the second quarter of fiscal 2014 as compared to the first quarter of fiscal 2014, primarily due to higher revenues earned on the deepwater vessels. Revenue earned on the deepwater vessels increased 22%, or $19.3 million, during the same comparative periods, due the inclusion of a full quarter of revenues related to the acquired Troms Offshore vessels, a 10% increase in average day rates and a ten percentage point increase in utilization rates attributable to the higher than is typical number of large vessels in dry dock in the first quarter of fiscal 2014. During the first quarter of fiscal 2014, Tidewater took delivery of two waterjet crewboats, which were constructed at an international shipyard for a total aggregate cost of $6.0 million.


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Seacor Holdings Inc.’s net income for third quarter ended September 30, 2013 was $30.3 million. For the preceding quarter ended June 30, 2013, Seacor reported net income of $19.3 million. For quarter ended September 30, 2012, net income from continuing operations was $9.8 million.

Offshore Marine Services’ operating income was $45.8 million on operating revenues of $156.2 million compared with operating income of $18.3 million on operating revenues of $138.7 million in the preceding quarter. In the U.S. Gulf of Mexico, operating revenues were $9.0 million higher in the third quarter. Time charter revenues for Seacor's liftboat fleet were $7.1 million higher primarily due to the seasonal upturn in activity levels. Time charter revenues for Seacor's anchor handling towing supply vessels were $2.8 million higher primarily due to improved average day rates attributable to a modest increase in rig moving activity, partially offset by a decrease in utilization. Time charter revenues were $1.3 million lower for other vessel classes primarily due to an increase in drydocking activity and vessel dispositions. Utilization was 75.9% compared with 78.6% in the preceding quarter and average day rates increased from $15,267 per day to $19,060 per day. As of September 30, 2013, Seacor had no vessels cold-stacked in the U.S. Gulf of Mexico.

Seacor’s Quarterly Utilization and Average Day Rates for Crew Boats

2013 2012 2011 2010

30-Sep 30-Jun

31-

Mar 31-Dec 30-Sep 30-Jun

31-

Mar

31-

Dec 30-Sep 30-Jun

31-

Mar

31-

Dec

Fleet Count: 43 45 47 47 48 48 48 49 50 52 52

Day Rates: $8,553 $7,719 $7,664 $7,231 $7,267 $7,134 $7,803 $7,166 $6,728 $6,334 $6,630 $6,541

Utilization: 88% 90% 91% 91% 94% 84% 79% 78% 75% 70% 66% 67%

Available Days: 2,844 3,057 3,060 3,220 3,233 3,276 3,363 3,418 3,487 3,933 3,870 4,327

In international regions, operating revenues were $8.5 million higher in the third quarter. In Asia, time charter revenues were $4.0 million higher primarily due to the incremental contribution of a term contract in Sakhalin which commenced in June 2013. In West Africa, time charter revenues were $2.4 million higher primarily due to a decrease in out-of-service time for drydocking. Excluding windfarm utility vessels, utilization was 88.7% compared with 85.0% in the preceding quarter and average day rates increased from $12,177 per day to $13,211 per day. In the third quarter, the total number of days available for charter for Seacor's fleet, excluding wind farm utility vessels, decreased by 265 days, or 2% primarily due to net fleet dispositions. Overall utilization, excluding wind farm utility vessels, increased from 82.0% to 83.0% and overall average day rates, excluding wind farm utility vessels, increased by 15% from $13,588 per day to $15,677 per day. During the third quarter, Seacor sold six offshore support vessels and other equipment for net proceeds of $42.2 and gains of $15.3 million. During the preceding quarter, Seacor sold six offshore support vessels and other equipment for net proceeds of $14.7 and gains of $7.9 million. During the preceding quarter, Seacor acquired a 100% controlling interest in its C-Lift joint venture through the acquisition of its partner's 50% interest and recognized a $4.2 million gain, net of tax, included in equity in earnings of 50% or less owned companies upon marking its investment to fair value. As of September 30, 2013, Seacor's unfunded capital commitments were $366.5 million and included: 15 offshore support vessels for $100.6 million; two inland river tank barges for $1.7 million; five inland river towboats for $6.3 million; two U.S.- flag product tankers for $250.5 million; and other equipment and improvements for $7.4 million. Subsequent to September 30, 2013, Seacor committed to purchase two offshore support vessels and one inland river towboat for a total of $39.2 million.


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GulfMark Offshore, Inc. reported consolidated revenue for the third quarter ended September 30, 2013 of $121.8 million and net income of $32.3 million. The quarterly results include a gain of $6.0 million related to the sale of three vessels. Quintin Kneen, President and CEO, commented, “We are pleased to report our best quarter in over four years. The steady strengthening of utilization has allowed the industry to continue to increase the average day rate, but we still need additional improvements in the rate to justify the through-the-cycle return on our investment in these high-end vessels.” “During the third quarter, we took delivery of the first four vessels in our 11-vessel new build program. Another vessel was delivered just last week in Italy and is en route to the U.K. All of these vessels will be in the North Sea market; two of which are on term contracts, while three will be operating in the spot market. We anticipate that all of these

vessels will operate at rates above our through-cycle target return after the normal multi-week introductory period. We continue to progress with our second vessel-enhancement program in the U.S. Gulf of Mexico, the 260-class stretch program, with the first completed vessel going on hire upon its completion earlier this month, and another forecasted to be completed in the middle of the fourth quarter.” “Our next vessel deliveries will be in the first quarter of 2014, when we will take delivery of the first U.S.-built PSV in our new build program, the second Arctic class vessel in Norway, and the second of our Italian-built PSVs for the U.K. market. This reflects a delay in the delivery of some of our vessels, but overall we are pleased with the quality and progress of the new build program.” “We sold three of our older PSVs during the third quarter. We will lose revenue and operating income from the sale of these vessels in the near-term, however, we believe the value we received is adequate compensation and allows us to continue our ongoing strategy to maintain a young, high-margin, technologically advanced fleet. We will continue to look for acceptable sales opportunities to divest our older and non-core vessels.” “Although we anticipate the typical seasonal slowdown in the North Sea over the next two quarters, we remain optimistic about 2014. We are tightening our previous revenue guidance within the range provided on our last earnings call, and we now anticipate full-year 2013 revenue to be between $450 and $455 million, and we anticipate that revenue for the fourth quarter will be between $120 and $125 million.”

GulfMark Offshore’s Utilization & Day Rates for the Americas Region

2013 2012 2011 2010

30-Sep 30-Jun 31-Mar 31-Dec 30-Sep 30-Jun 31-Mar 31-Dec 30-Sep 30-Jun 31-Mar 31-Dec

Utilization 89.6% 92.1% 88.1% 83.4% 82.7% 90.2% 74.0% 85.4% 81.5% 84.3% 70.5% 73.0%

Avg. Day Rates $22,120 $21,527 $20,363 $18,339 $17,939 $16,761 $15,634 $14,867 $14,766 $14,217 $14,194 $14,674

No. Vessels 28.7 29.0 29.0 29.7 30.8 32.7 34.4 35.0 35.0 35.0 35.0 21.0

Revenue for the Americas region was $51.9 million, which was consistent with the second quarter amount. The utilization rate fell 3 percentage points compared to the previous quarter; however the average day rate increased by 3%. The drop in utilization was impacted by GulfMark’s vessel stretch program, which will continue to impact utilization for the remainder of the year. The continued strength in the Americas region is being driven mainly by drilling activity in the U.S. Gulf of Mexico sub-region. Utilization, and average day rates, in the U.S. Gulf of Mexico remained strong, and GulfMark anticipates continued strength in the area in the coming quarters. Capital expenditures during the third quarter totaled $87.2 million, which included $76.6 million for the construction of new vessels. As of September 30, 2013, GulfMark had approximately $125.0 million of remaining capital commitments related to the construction of seven vessels.


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Compared with the third quarter of 2012, Bourbon’s revenues grew by 8.6% to 332.4 million euros benefiting from fleet increases and steady utilization rates. “Increases in the Bourbon fleet and improvements in demand have partly contributed to growth in revenues for both the quarter and year to date period,” says Christian Lefèvre, Chief Executive Officer of Bourbon. “During the 3rd quarter 2013, vessels in transit between regions compared to 2012 in Deepwater and Shallow water offshore vessel segments contributed to declines in average utilization rates. Foreign exchange rates in the 3rd quarter 2013 had

a negative impact on Bourbon’s revenues of approximately €11 million compared with the 2nd quarter of 2013. Bourbon will continue to implement the reduction of its debt as per the Asset Smart portion of the ‘Transforming for Beyond’ action plan with the sale of the next 15 vessels during the coming weeks and the remaining 27 vessels in batches as they are delivered and before the end of June 2014, for a total of US$1.5 billion, including the nine vessels sold in early September.” During third quarter 2013, Bourbon sold three vessels, including a tug, a multi-purpose supply vessel from the subsea services fleet and a platform supply vessel, for an approximate total amount of US$ 38 million generating a total capital gain of approximately US$ 18 million. These were three traditional diesel propulsion vessels 10, 14 and 21 years old, respectively. Compared with the third quarter of 2012, Marine Services revenues were up 4.9% to 267.0 million euros. The decline in the average utilization rate was compensated by the increase in average daily rates in both the Deepwater and Crewboat segments. Daily rate increases were seen for both new contracts as well as renewal of existing contracts.

Bourbon's Crewboat Fleet Utilization Rates

Q3

2013 Q2

2013 Q1

2013 Q4

2012 Q3

2012 Q2

2012 Q1

2012 Q4

2011 Q3

2011 Q2

2011 Q1

2011 Q4

2010

No. of Crewboats 271 270 267 265 267 260 260 257 257 251 250 243

Avg. utilization 77.50% 77.70% 80.80% 82.50% 78.40% 78.60% 81.00% 82.10% 80.60% 81.40% 80.50% 80.50%

Avg. daily rate ($/d) $5,204 $5,122 $5,034 $4,987 $4,923 $4,763 $4,447 $4,349 $4,369 $4,361 4,263 4,160

Compared with the third quarter of 2012, revenues in the third quarter of 2013 for Crewboats were 5.4% higher at 73.4 million euros. Average daily rates increased in the Crewboat segment partly due to improved market activity and new large FSIVs entering the market at high rates. Average utilization rates were adversely impacted by the seasonal effect in West Africa. The stability of oil prices since 2011 is supporting investments in Exploration/Production. The resulting activity will continue to stimulate the demand for offshore vessels. In deepwater offshore, the demand for medium size PSVs is expected to increase next year, boosted by development of deepwater projects mainly in Africa and in Southeast Asia. Activity in harsh and remote areas (Canada, Barents Sea and the Santos Basin in Brazil) is expected to pick up, having a positive impact on the market for high end PSV and AHTS vessels. In shallow water offshore, the market is expected to be positively impacted by both the increase of jack-up rigs in operation (there are 128 jack-up rigs under construction) and by acceleration of the substitution of the aging fleet, especially in Southeast Asia and in the Middle East, driven by clients looking for quality offshore vessels. Fewer vessels are expected to be coming out of shipyards, further contributing to an improvement in the market. The strategy of fleet standardization, the focus on crew training through the use of simulators, and the systematization of maintenance and procurement procedures aim to continue to underpin Bourbon’s operational and financial performance. Bourbon is fully committed to reducing debt in order to build future high value-added growth.


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Featured Listings File: CB18033 Crew Boat - 180.7' loa x 32.8' beam x 14.4' depth x 7.40' loaded draft. Built in 2014 by Southeast Asian shipyard. Foreign flag. GRT: 470. Class: ABS + A1, HSC Crew Boat, AMS, DPS-2. Deck Cargo: 226MT on 242m2 clear deck. FO: 135m3. FW: 110m3. Main Engines: 4 x Cummins KTA-50-M2 total 7,188BHP. 4 - Hamilton water jets prop(s). Bowthruster 2 - 150kW. Dynamic Positioning. Speed about 20-30kn. Pump(s): FO/FW: 50m3/h; Fire: 2 - 1,200m3/h. Genset(s): 2 - 185kVA. Firefighting: FiFi Class 1/2 - FiFi monitors. Quarters: 10 crew in 6 cabins. Air Conditioned. Galley. Passengers: 60. Newbuild quote only - Multi-purpose high speed aluminum crew boat / FSIV / rescue craft. DP 2. Integrated cargo tank system. Speed 30 knots max / 20 knots fully loaded. External firefighting system not classed. Vessel may be developed for sale direct from builder. Other sisters already built and in service. Southeast Asia.

File: CB17047 Crew Boat - 170.6' loa x 29.9' beam x 12.6' depth x 8.40' loaded draft. Built by Chinese shipyard. Foreign flag. Quarters: 10 crew. Galley. Passengers: 90. Newbuilding stock design 52m aluminum high-speed crew boat direct from shipyard specializing in design, construction, repair & conversion of high-speed aluminum commercial vessels. Far East. File: CB15032 Crew Boat - 150.9' loa x 29.9' beam x 12.6' depth x 8.04' loaded draft. Built by Chinese shipyard. Foreign flag. GRT: 420. Deadweight: 350mt. Deck Cargo: 150T on 170m2 clear deck. FO: 100,000L. FW: 4,000L. Crane: 1T @ 5m knuckleboom. Main Engines: 4 x Cummins KTA50M2 total 7,200BHP. 4 - FP prop(s). Twin rudders. Bowthruster 2 - 75BHP. Speed about 23-28kn on 1,300Lph max. Pump(s): FO: 50m3/h. Genset(s): 2 - 150ekW/Stamford /Cummins CSMX TA8.3 415/220vAC 50Hz 3ph. Quarters: 8 bunks in 6 cabins. Air Conditioned.

Galley. Passengers: 80 econ seats. Newbuilding stock design 46m high-speed aluminum, monohull crewboat direct from shipyard specializing in design, construction, repair & conversion of high-speed aluminum commercial vessels. JP-5 capacity 5,000L. Rescue zone. 2 scrambling nets. 4 x 50 person liferafts. Inflatable workboat with outboard. Hamworthy KSE ST0 Super Trident sewage treatment plant. Far East.

File: CB13733 Crew Boat - 137.8' loa x 24.9' beam x 12.0' depth x 6.56' loaded draft. Built by Chinese shipyard. Foreign flag. GRT: 260. Class: ABS +A1 HSC, +AMS Crewboat. MARPOL, SOLAS, OSV, ISM, STCW95, ISPS, IMDG. Deadweight: 190T. 124m2 clear deck. FO: 100,000L. FW: 35,000L. Crane: 400kg @ 5m knuckleboom. Winch: 5T tugger. Main Engines: 3 x Cummins KTA-50M2 total 5,400BHP. 3 - FP Nibral prop(s). Oily water separator. Bowthruster 75HP. Speed about 25-28kn on 850-990Lph. Genset(s): 2 - 99kW / Stamford / Cummins. Firefighting: 600m3/h pump with external monitor. Deck spray shield. Quarters: 4 cabins/8berths. Galley. Passengers: 50 econ seats. Newbuilding stock design 42m aluminum high-speed crewboat direct from shipyard specializing in design, construction, repair & conversion of high-speed aluminum commercial vessels. 6 x 20 person liferafts. Rescue zone. 2 scrambling nets. Dispersant boom. IMO approved sewage treatment plant. Far East.

File: CB13723 Crew Boat - 137.8' loa x 23.6' beam x 11.5' depth. Foreign flag. Class: ABS. Deck Cargo: 90MT on 110m2 clear deck. Bowthruster. Speed about 25kn +. Air Conditioned. Galley. Passengers: 83. Newbuilding stock design, aluminum fast intervention supply / crew vessel direct from shipyard. Luxury seating & accommodations for VIP guests. Enhanced comfort for crew. Please call for further details, price guidance and time-frame delivery. Mid East.


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File: CB12124 Crew Boat - 121.4' loa x 24.9' beam x 12.0' depth x 6.07' loaded draft. Built by Chinese shipyard. Foreign flag. GRT: 230. Class: ABS +A1, HSC, +AMS Crewboat, MARPOL, SOLAS, OSV, ISM, STCW95, ISPS, IMDG. Deadweight: 110T. 75.6m2 clear deck. FO: 57,750L. FW: 25,000L. Main Engines: 3 x Cummins KTA38-M2 total 4,050BHP. 3 - FP Nibral prop(s). Bowthruster 75HP. Speed about 25kn max on 650-770Lph. Genset(s): 2 - 80ekW/Stamford/Cummins 440/220vAC 60Hz 3ph Shore power conn. Firefighting: 600m3 external + deck spray shield. Quarters: 4 cabins/8berths. Galley. Passengers: 90 seats. Newbuilding stock design 37m aluminum high-speed crewboat direct from shipyard specializing in design, construction, repair & conversion of high-speed aluminum commercial vessels. Railing height 1.2m. 0.2m3 dispersant tank. 4 x 25 man liferafts. 1 - 6 person rescue boat. Rescue zone. 2 scrambling nets. Inflatable workboat with outboard. Oil dispersant booms. 3 toilets. IMO approved sewage treatment plant. Far East.

File: CB11421 Crew Boat - 114.5' loa x 20.7' beam x 9.2' depth x 3.90' loaded draft. Built in 1986 by Soc. Francaise De Const. Navales. Indonesia flag. GRT: 179. Class: BV1. Special Service Personnel Carrier Tropical. Deck Cargo: 5-7T on 5.45m x 8.8m clear deck. FO: 17.3m3. FW: 15m3. Main Engines: 2 x GM 16V149TI total 3,600BHP. Speed about 27kn. Quarters: 7 crew. Galley. Passengers: 88. Welded steel construction. Southeast Asia. Prompt.

File: CB10926 Crew Boat - 109.9' loa x 22.0' beam x 11.5' depth x 5.91' loaded draft. Foreign flag. Class: BV. Deadweight: 71mt. Deck Cargo: 30T on 90m2 clear deck. FO: 50m3. FW: 12m3. Main Engines: 3 x CAT C32 total 3,345BHP. 3 - FP prop(s). Speed about 22-27kn. Quarters: 9 crew. Passengers: 50. Newbuilding stock design, aluminum crewboat direct from shipyard. Please call for further details, price guidance and time-frame delivery. Mid East.

File: CB10135 Patrol Boat - 101.7' loa x 23.6' beam x 9.6' depth x 4.59' loaded draft. Built by Chinese shipyard. Foreign flag. Crane: 1 - 1.5T @ 6m. Main Engines: 3 x MTU 12V2000M93 total 5,440BHP. 3 - prop(s). Surface piercing propellers. Speed about 25-30kn. Genset(s): 2 - 50kW 380v 50Hz 3ph. Shore power connection. Newbuilding stock design 31m aluminum high-speed aluminum patrol vessel direct from shipyard specializing in design, construction, repair & conversion of high-speed aluminum commercial vessels. 2 - 25 man liferafts. One rescue boat. Far East.

File: CB10134 Crew Boat - 101.7' loa x 23.6' beam x 10.8' depth x 5.58' loaded draft. Built by Chinese shipyard. Foreign flag. GRT: 210. Deadweight: 60T. 58.8m2 clear deck. FO: 50,000L. FW: 15,000L. Main Engines: 3 x CAT C32 total 4,350BHP. 3 - FP Nibral prop(s). Speed & consumption shown at 20tdw. Bowthruster 50-75HP. Speed about 23-30kn on 650-780Lph. Genset(s): 2 - 90ekW / CAT 415/220vAc 50Hz 3ph +24vDC. Quarters: 4 cabins/10 berths. Galley. Passengers: 80 business class. Newbuilding stock design 31m aluminum high-speed crewboat direct from shipyard specializing in design, construction, repair & conversion of high-speed aluminum commercial vessels. Rescue zone. 2 scrambling nets. 4 - 50 person life rafts. 3 toilets. IMO approved sewage treatment plant. Far East.

File: CB10038 Crew Boat - 102.0' loa x 23.0' beam x 10.0' depth x 7.22' loaded draft. Built in 1981 by Camcraft; Marrero, LA. Indonesia flag. GRT: 142. Class: BV 1. 49.2' x 21' clear deck. FO: 33.5m3. FW: 18m3. Main Engines: 3 x GM 12V71TI total 2,025BHP. 3 - FP prop(s). Speed about 14-17kn on 4-4.5T/day. Firefighting: 1 - 270m3 pump, 2 monitors. Quarters: 8 (1-2, 2-3). Passengers: 60. Southeast Asia.


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File: CB07519 Patrol Boat - 75.5' loa x 18.1' beam x 9.4' depth x 3.12' loaded draft. Built by Chinese shipyard. Foreign flag. Main Engines: 2 x MTU 8V2000M93 total 2,400BHP. 2 - Hamilton HM461/2 prop(s). Waterjet propulsion. Speed about 23-35kn. Genset(s): 1 -30kW 380v 50Hz 3ph. Shore power connection. Quarters: 4 crew. Galley. Newbuilding stock design 23m aluminum high-speed patrol vessel direct from shipyard specializing in design, construction, repair & conversion of high-speed aluminum commercial vessels. 1 -25 man liferaft. Far East.

File: CB06539 Crew Boat - 65.0' loa x 18.0' beam x 10.1' depth x 3.50' loaded draft. Built in 1998 by Geo Shipyard, LA. U.S. flag. GRT: 71. Class: USCG COI - 100nm offshore. Deck Cargo: 5LT on 25' x 16' clear deck. FO: 1,500g. FW: 340g. Main Engines: 2 x CAT C-18 total 1,170BHP. 32" x 42" Nibral prop(s) on 3" shaft(s). Tier 2. Speed about 20kn on 64gph@20kn. Genset(s): 1 - 20kW / Northern Lights. Quarters: 2. Air Conditioned. Galley. Passengers: 29. All aluminum construction. Enclosed aft steering station. Sold to current Owner via Marcon. Not officially for sale, but we may develop out of competition against serious interest. U.S. West Coast.

File: CB06523 Crew Boat - 65.0' loa x 17.5' beam x 7.5' depth x 4.50' loaded draft. Built in 1976 by Halter, USA. Canada flag. GRT: 39. Class: Canadian, CSI 1. FO: 750g. FW: 900g. Main Engines: 2 x GM 12V71TI total 1,000BHP. Last Overhauled: 1999. 32" x 32" 3 blade prop(s). Speed about 18-21kn. Genset(s): 1 - 20kW / GM2-71 3ph AC. Quarters: 2. Galley. Passengers: 16 + master. Steel hull construction. Aluminum house. Weight about 38T. Wheelhouse can be unbolted making for a 12' maximum height for shipping purposes. Set up as a crew boat and dive tender. Reportedly in very good condition. Can reportedly regain US Jones Act if flagged US due to low GRT. Hull re-plated in early 2000. Seating for 20+ but originally set up for 40+. As brokers we would invite firm cash offers to test, after inspection. Canada Great Lakes. $150,000.

File: CB05916 Patrol Boat - 59.1' loa x 16.4' beam x 6.7' depth x 2.79' loaded draft. Built by Chinese shipyard. Foreign flag. Main Engines: 2 x MAN D2842LE total 1,440BHP. 2 - prop(s). Surface piercing props. Speed about 25-35kn. Genset(s): 1 - 20kW 380vAC 50Hz 3ph. Shore power connection. Quarters: 8 crew. Galley. Newbuilding stock design 18m high-speed patrol / police vessel direct from shipyard specializing in design, construction, repair & conversion of high-speed aluminum commercial vessels. 1 - 25 man liferaft. Far East.

File: CB05516 Crew Boat - 55.0' loa x 16.5' beam x 6.5' depth x 4.50' loaded draft. Built in 2012 by U.S. East Coast. U.S. flag. GRT: 22. Class: USCG COI 25 Total Persons. Deck Cargo: 7.8ST on FO: 900g. Main Engines: 2 x Cummins QSM11 total 1,220BHP. 2 - FP 32" x 36" prop(s) on 3" shaft(s). Genset(s): 1 - 25kW / Northern Lights. Air Conditioned. Galley. All aluminum crew boat. Call for price guidance. Prompt delivery. U.S. East Coast. Prompt.

File: CB05411 Crew Boat - 54.8' loa x 13.4' beam x 7.5' depth. Built in 2000 by Luglio Shipyard; Termoli, Italy. Italy flag. GRT: 24. Class: International Coastal Navigation 20m. 27m2 clear deck. FO: 100L. FW: 1,000L. Crane: 300 - 1,000kg. Winch: Tow hook up to 7MT. Main Engines: 2 x Aifo total 1,000BHP. 2 prop(s). Speed about 17kn max on 250Lph@max sp. Pump(s): FO & FW. Genset(s): 1 - 19kVA 400vAC 3ph 50Hz. Firefighting: 2 - 150m3/h; 3,500gpm pumps; Monitor; 1.02m3 foam. Quarters: 4 berths. Passengers: Life rafts for 30. All aluminum 14-20mm plate thickness. Dispersant 1.02m3 with 2 - 3m spray booms. 20 passenger seats & 4 tables. 1 - 15, 1 - 16, 1 - 25 and 1 - 8 man life rafts. Mediterranean.


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File: CB05218 Crew Boat - 52.5' loa x 16.4' beam x 6.6' depth x 4.92' loaded draft. Built in 1996. Foreign flag. Class: Danish Regulations. FO: 1,056g. FW: 105g. Main Engines: 2 x MTU 12V183TE61 total 1,068BHP. 2 - 32" prop(s). Bowthruster 60HP. Speed about 16kn. Genset(s): 1 - 16kVA. Passengers: 36. Crew / supply tender. Disp. 19.9T. Cargo deck & survey room. Steel hull / aluminum house. Europe Northern.

File: CB05214 Patrol Boat - 52.5' loa x 14.0' beam x 7.2' depth x 3.12' loaded draft. Built by Chinese shipyard. Foreign flag. Main Engines: 2 x MTU S60 total 1,600BHP. 2 - Hamilton HM422/2 prop(s). Waterjet propulsion. Speed about 30-36kn. Genset(s): 1 - 20kW 380v 50Hz 3ph Shore power connection. Quarters: 5 crew. Galley. Newbuilding stock design aluminum 16m high-speed patrol vessel direct from shipyard specializing in design, construction, repair & conversion of high-speed aluminum commercial vessels. Far East.

File: CB05014 Crew Boat - 50.0' loa x 14.0' beam x 6.0' depth x 4.00' loaded draft. Built in 1982 by Camcraft; Inc., Jean Lafitte, LA. U.S. flag. GRT: 33. Class: USCG. COI Subchapter "T" exp. 06/2017. 14' x 25' clear deck. FO: 350g. FW: 140g. Main Engines: 2 x John Deere 6125IM75 total 680BHP. Last Overhauled: 2006. 2-FP 28" 4-blade Nibral Bronze prop(s) on 2 1/4" SS shaft(s). Tier 2. Repowered in 2006. Speed about 16-26kn. Genset(s): 25kW / Isuzu 4 cylinder 120/240v 3ph. Quarters: 1 cabin. 1 double/1 single. Galley. Passengers: 28 & 2. Aluminum construction. Carl Moyer repower in 2006. Dive platform. Converted from dive boat to passenger launch. Vessel has been working on long term charter and is reportedly in very good overall condition. Contact Marcon for price ideas, further details and to arrange inspection. Recently dry docked. U.S. West Coast.

File: CB04916 Crew Boat - 49.1' loa x 16.4' beam x 7.6' depth x 3.28' loaded draft. Built by Turkish shipyard. Foreign flag. Light Disp.: 28mt. Deck Cargo: 5MT on 25m2 clear deck. FO: 4.12m3. FW: 4.32m3. Main Engines: 2 x MAN D2866 LXE 40 total 880BHP. Other engine packages available with longer delivery times. Speed about 18kn max. Pump(s): Bilge/Fire/GS. Genset(s): 2 - 22kW / Perkins 3ph 50Hz or equivalent. Quarters: 2 crew berths. Galley. Passengers: 10. Newbuilding 15m steel hull crew / supply boats. Push knee forward.

Several available. Small scale drawing, further technical details and photos available. Mediterranean. 45 days. File: CB04512 Pilot Boat - 45.9' loa x 12.5' beam x 5.2' depth x 2.07' loaded draft. Built by Turkish shipyard. Foreign flag. Light Disp.: 10T. Main Engines: 2 x MAN D2866 LXE 40 total 880BHP. Hamilton HJ274 waterjet prop(s). Other optional engine packages available with longer delivery times. Speed about 32kn. Pump(s): Bilge, fire & general service. Genset(s): 1 - 4kVA / Aksa MDKBH 50Hz or equivalent. Passengers: 18 seats. Newbuilding 14m HDPE roto-moulded polyethylene crew / pilot launches. 100W search light. Several vessels available. Small scale drawing, further technical details and photographs available on request. Mediterranean. 45 days.

File: CB04220 Crew Boat - 42.0' loa x 13.5' beam x 4.5' depth x 2.50' loaded draft. Built in 1967 by Breaux Baycraft, Loreauville, LA. Rebuilt: 2002. U.S. flag. GRT: 20. Class: USCG COI (exp July 2013). 16' x 12' clear deck. FO: 240g. FW: 50g. Main Engines: 2 x GM 6-71 total 330BHP. 2 - FP 28" x 28" prop(s) on 2" shaft(s). 02/13: 1,500 running hours. Speed about 21kn. Genset(s): 1 - 8.2 / Diesel powered. Firefighting: Halogen system. Quarters: 6 singles. Air Conditioned. Passengers: 17. Aluminum construction. Reportedly in good overall

condition. Keen seller inviting serious cash offers. Vessel working condition but stored out of water. In water inspection / sea trial can be arranged after an acceptable offer is agreed. U.S. Gulf Coast. Prompt. $135,000.


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File: CB04212 Crew Boat - 42.0' loa x 14.8' beam x 5.6' depth. Built in 1973 by Alumaship Corp. U.S. flag. GRT: 21. Class: None (not certified). Main Engines: 2 x GM 6-71 total 360BHP. 2 - FP 28" x 28" prop(s). Genset(s): 1 - 13kW / Isuzu. 2 other 40' crew boats may also be developed for sale. Contact Marcon for further details, inspection arrangements. U.S. Gulf Coast. Prompt.

File: CB03911 Crew Boat - 39.3' loa. Built in 2007 by Turkish shipyard. Foreign flag. Newbuilding 11.98m. HDPE roto-moulded polyethylene crew / pilot launch. Further technical details available on request. Mediterranean. 45 days.

File: CB03517 Crew Boat - 35.0' loa x 13.0' beam x 5.5' depth. Built in 1976 by Houma, LA. U.S. flag. GRT: 18. Class: USCG COI (exp May 2012 - can be renewed). FW: 20g. Main Engines: 2 x GM 6-71 total 350BHP. 2 - FP 28" x 28" prop(s). 02/2013: 1,500 running hours. Speed about 21kn. Genset(s): 1 - 8.2kW / Diesel powered. Firefighting: Halogen system. Air Conditioned. Passengers: 17. Aluminum construction. Idle and stored out of water in early January 2012. Reportedly good overall condition. Keen seller inviting serious cash offers. U.S. Gulf Coast. Prompt.

File: CB03516 Crew Boat - 35.0' loa x 11.5' beam x 4.5' depth x 3.50' loaded draft. Built in 1982. U.S. flag. 15' x 8' clear deck. Main Engines: 2 x GM. 2 - FP prop(s). Speed about 21kn. Passengers: 24. Call for price guidance and to arrange inspection. 12 seats inside main cabin. Formerly USCG certified. Still active, but COI will need to be regained if required. Presently in the water at the owner's facility. U.S. West Coast. Prompt.

File: CB03110 Crew Boat - 31.0' loa x 10.5' beam x 6.0' depth. U.S. flag. Main Engine: 1 x GM 6V53 total 148BHP. U.S. Northeast. By Arrangement.

File: CB03011 Crew Boat - 30.2' loa x 9.7' beam x 0.70' light draft x 1.60' loaded draft. Built in 2013. Foreign flag. Light Disp.: 3mt. FO: 200L. Main Engine: 1 x Steyr total 285BHP. Speed about 30-38kn. Passengers: 10. RIB for sale, time or bareboat charter after successfully finishing wind farm contract. Europe. Prompt.

We are also interested in receiving information on any other vessels which you may have surplus to your requirements and available for sale or charter on either a published or a private and confidential basis.

Check www.marcon.com for latest crewboat listings, updates and market reports on other industry segments.

Documents

Crew Boat Market Report - November 2013 - Marcon International, Inc