Avista Capital Partners has invested the cash to take a non-controlling interest in the company in a deal which will help fund three newbuildings, a statement said.

Oivind Lorentzen, chief executive of Seacor, says Avista is a natural partner given its extensive experience in the energy market.

Lorentzen said: "This transaction ensures additional capital for new construction and positions the company to order additional equipment as market opportunities develop."

Seacor