The US Bankruptcy Court gave an order approving the bid protections for stalking horse purchasers relating to the sale of substantially all assets of Cal Dive International, Inc. on July 7, 2015. The stalking horse purchaser, Holmen International Limited will purchase Sea Horizon Vessel for $12 million and Modern American Recycling Services, Inc. will purchase Brave, Pecos, Pacific, Kestrel, Cal Dive I and Cal Dive II vessels for $4.10 million. The expense reimbursement for Sea Horizon and other vessels shall not exceed $0.10 million and $0.08 million, respectively.