Tidewater to Purchase ROV, Construction Vessel

September 2, 2009

Tidewater Inc. (NYSE: TDW) announced that it has reached an agreement with Aquanos AS for the purchase of the multi-purpose ROV and light construction vessel Aquanos Enabler, currently under construction at STX Europe shipyard in Brevik, Norway. The 311-ft, diesel electric vessel, which is expected to be delivered in January 2010, is equipped with a 100 ton active heave compensating crane, accommodations for 69 persons, firefighting equipment (Fifi I), DP2, a moonpool and a helideck. The vessel also has the cargo capabilities to operate as a large platform supply vessel.
 
Dean Taylor, Tidewater’s Chairman, President and CEO, stated, “We are excited by the opportunity to acquire this vessel with its broad range of capabilities, including the ability to support the full lifecycle of subsea activities. The acquisition of the Enabler accelerates our on-going fleet renewal program at an attractive cost relative to new construction pricing. Additionally, this vessel allows us to continue to offer a variety of enhanced capabilities and safe services, at a competitive price, for our clients’ ever growing requirements around the world.”

Logistics News

Vessel Sinks Week After Being Struck by Russian Fire

Vessel Sinks Week After Being Struck by Russian Fire

Red Sea Shipping Slows After Houthi Attack on Saudi Arabia

Red Sea Shipping Slows After Houthi Attack on Saudi Arabia

World’s Fastest Self-Unloader Ready for Simandou Project

World’s Fastest Self-Unloader Ready for Simandou Project

EU Wheat Prices Drop 6% as Ukraine Discusses Shipping Protections

EU Wheat Prices Drop 6% as Ukraine Discusses Shipping Protections

Subscribe for Maritime Logistics Professional E‑News

Houthis attack Saudi oil sites, but no US strikes on Iran for the first time in two-weeks
Ukrainian officials report that a vessel sinks after it was hit by Russian gunfire a week earlier.
Flooding and torrential rains are possible in Southern China following the landfall of Noul