Cal Dive International, Inc. filed a motion in the US Bankruptcy Court for the sale of its certain assets on July 2, 2015. The debtor seeks the Court's approval for the sale of its certain assets to the highest bidder. The gross proceeds may vary from $2 million to over $10 million.

The debtor's assets include certain equipment and other personal property located at 8200 Yacht Club Road, Port Arthur, TX. Hilco Industrial, LLC is appointed as exclusive marketing and sales agent to the transaction. The debtor proposes to sell the assets through a global webcast auction sale on or before August 14, 2015.

The final complete sales report shall be submit to debtors within 14 days after the end of the term of Marketing Agreement.