Charles Fabrikant has urged GulfMark Offshore to merge with with Seacor Holdings' own offshore division to create an industry powerhouse.
The Seacor chief executive, whose company is a major holder of GulfMark's bonds, said consolidation of the two owners is the best alternative for surviving the industry downturn.
He said GulfMark is at a crossroads. One option is to restructure its debt independently and incur the costs of a public company with a small fleet with few vessel employment opportunities.
Or,
