Trico Marine Group (TRMA) Closes Asset Sale and Announces New Contracts
Trico Marine Group is an integrated provider of subsea, trenching and marine support vessels and services. Trico's towing and supply division provides a broad range of marine support services to the oil and gas industry through use of its diversified fleet of vessels. These services include the transportation of drilling materials, supplies and crews to drilling rigs and other offshore facilities. The company yesterday announced the sale of its North Sea class vessels for approximately $16 million to a buyer in Asia. This brings the total in asset sale proceeds since the beginning of the year to approximately $20 million.…