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

Trump Administration Seeks to Negotiate with China on Shipping

Trump Administration Seeks to Negotiate with China on Shipping

CMA CGM Reverses Mali Suspension

CMA CGM Reverses Mali Suspension

LNG Canada Starts Up Kitimat Train 2

LNG Canada Starts Up Kitimat Train 2

Maersk Shares Q3 Report Above Forecast, Warns Falling Freight Rates Will Impact Q4

Maersk Shares Q3 Report Above Forecast, Warns Falling Freight Rates Will Impact Q4

Subscribe for Maritime Logistics Professional E‑News

SoftBank-backed Metropolis raises $1,6 billion to expand beyond AI parking lots
Qantas lowers its first-half forecast for domestic revenue, citing weaker travel demand
Russia backs down on some of its VAT increases after small business pushback