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

US Grain, Soy Futures Drop After US-China Talks

US Grain, Soy Futures Drop After US-China Talks

Dassault Systèmes, iHawk Deploy Virtual Twin Technology for Autonomous Cargo Operations

Dassault Systèmes, iHawk Deploy Virtual Twin Technology for Autonomous Cargo Operations

DNV Launches Hydrogen Fuel Recommended Practice

DNV Launches Hydrogen Fuel Recommended Practice

INTERCARGO Releases First Dedicated Dry Bulk STS Standard

INTERCARGO Releases First Dedicated Dry Bulk STS Standard

Subscribe for Maritime Logistics Professional E‑News

Xi and Putin criticize the US together on nuclear, security issues
Special Report-Iran consolidates control of Hormuz through island checkpoints and diplomatic deals, as well as sometimes 'fees.'
Six million barrels of crude are pumped out of the Strait of Hormuz by tankers