As part of this agreement, Jifmar Group will acquire Seacontractors workboats fleet up to the 50-tons bollard pull class, under a mutual agreement formalized today. This transaction reflects a joint strategic move. Jifmar Group will strengthen its position as the global leader in the workboat segment and expands its established presence in the Middle East while Seacontractors concentrates on highspec offshore support vessels. Conducted with the support of both companies financial advisors, JBR and Vulcain-Clearwater, the deal covers 15 vessels mainly operating the Middle East as well as 183 staff. Seacontractors’ onshore office team in the Middle East, along with the crews dedicated to the vessels, will transfer to Jifmar Group.
Jifmar will continue to execute ongoing projects and deliver maritime services with the same high standards of quality and reliability that clients have long associated with Seacontractors and that Jifmar already provides worldwide. To ensure a seamless transition, Seacontractors will provide support during the handover period. Closing of the deal is expected in the coming weeks. For Seacontractors, this transaction represents a significant milestone in its growth strategy, allowing the company to sharpen its focus on Anchor Handling Tug Supply vessels in the 70- to 200-ton bollard pull range.
This move will further strengthen Seacontractors’ expertise across deep-sea anchor handling, terminal towage, coastal and deep-sea towage, as well as EPCI project support. For Jifmar Group, this acquisition consolidates its leadership in shallow-draft workboat operations, following the takeover of Acta Marine’s workboat division in 2023. Upon completion of the transaction, the group will operate a fleet of more than 80 vessels, enabling it to support clients worldwide.
Source: Jifmar Group
