OceanPact and CBO complete business combination
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Since then, OceanPact has continued to adjust its fleet. During the second quarter, the company announced its decision to sell Ilha de Tinharé and Ilha das Flechas, two of its smaller OSRVs. Public disclosures reviewed by One Energy News do not fully reconcile the remaining difference between the original and current fleet counts.Read in Portuguese →OceanPact and CBO complete business combination, creating 70-vessel offshore fleet
OceanPact and CBO completed their business combination on September 16, more than six months after the transaction was first announced, bringing the two offshore fleets under a single corporate structure.
With the closing, CBO Holding was incorporated into OceanPact, while the group’s Navigation business will operate under the OceanPact CBO name.
The combined fleet currently comprises 70 vessels: 38 PSVs and OSRVs, 15 AHTSs, 15 RSVs and two other units. The companies also bring together more than 5,000 professionals.
The current fleet count is lower than the 73 vessels disclosed when the transaction was announced in February. At that time, the proposed combination included 40 PSVs and OSRVs, 15 AHTSs, 15 RSVs and three other vessels.
This article was produced by Westhon Media for One Energy News.