SEACOR (CKH) Unloads SEI Unit in $14M Deal

January 2, 2013 5:15 PM EST Send to a Friend
SEACOR Holdings Inc. (NYSE: CKH) announced the sale of its energy trading division, SEACOR Energy Inc. ("SEI"), to Par Petroleum Corporation (the "Company") for a cash purchase price of approximately $14 million. With the sale of SEI, SEACOR is no longer involved in the crude oil trading business.

SEACOR's subsidiary, Gateway Terminals LLC, will continue to operate its facility located on the Mississippi River to provide high speed clean petroleum product, shale oil and ethanol storage and transfer in and out of the terminal on water, by Gateway's unit train capabilities, or by truck. Gateway Terminals is among the newest ethanol and petroleum storage terminals on the Mississippi River, with a capacity of 400,000 barrels and the ability to receive and transfer products by barge, unit train, and truck.


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