Quarterly report pursuant to Section 13 or 15(d)

Note 2 - Equipment Acquisitions and Dispositions

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Note 2 - Equipment Acquisitions and Dispositions
6 Months Ended
Jun. 30, 2018
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]
2.
EQUIPMENT ACQUISITIONS AND DISPOSITIONS
 
During the
six
months ended
June 30, 2018,
capital expenditures were
$18.8
million. Equipment deliveries during the
six
months ended
June 30, 2018
included
one
wind farm utility vessel,
six
liftboats contributed from Montco Offshore, LLC (“MOI”) to certain designated wholly-owned subsidiaries of Falcon Global Holdings LLC (“FGH”) as described in
Note
4
below a
nd
two
platform supply
vessels constructed through the SEACOSCO joint venture as described in Note
3
below. 
 
During the
six
months ended
June 30, 2018,
the Company sold
one
fast support vessel and
two
supply vessels previously retired and removed from service,
one
standby safety vessel,
one
supply vessel and
one
fast support vessel, and other property and equipment for net proceeds of
$2.6
million (
$2.5
million in cash and
$0.1
million of previously received deposits) and gains of
$1.4
million.