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

Stephanie Dominguez Walton Elected as Board President for Port of Oakland

Stephanie Dominguez Walton Elected as Board President for Port of Oakland

Thyssenkrupp Steel Suspend Barges Due to Low Rhine Levels

Thyssenkrupp Steel Suspend Barges Due to Low Rhine Levels

Douala Port Resumes Operations After Cargo Vessels Collide

Douala Port Resumes Operations After Cargo Vessels Collide

Cavotec to Retrofit Container Vessels for Shore Power

Cavotec to Retrofit Container Vessels for Shore Power

Subscribe for Maritime Logistics Professional E‑News

UAE: Iranian missiles hit oil tankers in Strait of Hormuz and one sailor was killed
PJM auction prices reach cap and hold near record levels
US PJM Power Grid Auction Prices to Stabilize Near Record Highs