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
9 Months Ended
Sep. 30, 2018
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]
2.
EQUIPMENT ACQUISITIONS AND DISPOSITIONS
 
During the
nine
months ended
September 30, 2018,
capital acquisitions were
$44.6
million. Equipment deliveries during the
nine
months ended 
September 30, 2018
include
two
wind farm utility vessels a
nd
two
platform supply
vessels which were constructed through the SEACOSCO joint venture as described in Note
3
below. Equipment acquisitions include
six
liftboats contributed from Montco Offshore, LLC (“MOI”) to certain wholly-owned subsidiaries of Falcon Global Holdings LLC (“FGH”) as described in
Note
4
below, and
two
anchor handling towing supply vessels that were previously managed (but
not
owned) by the Company. 
 
During the
nine
months ended
September 30, 2018,
the Company sold
one
fast support vessel and
two
supply vessels previously retired and removed from service,
one
anchor handling towing supply vessel,
two
standby safety vessels,
three
fast support vessels
,
one
wind farm utility vessel, and other property and equipment for net proceeds of
$4.0
million (
$3.9
million in cash and
$0.1
million of previously received deposits) and gains of
$2.0
million.  In addition, the Company received
$1.4
million in deposits for future asset sales.