T i d e w a t e r Acquires Four Offshore Support Vessels At Cost Of $ 2 Million

Tidewater Marine Service, Inc., a subsidiary of Tidewater Inc., recently acquired three 180-foot supply boats and one 190-foot towing/supply vessel at a total cost of approximately $2 million from the Continental Illinois Bank and Trust Company of Chicago. The four vessels, built in 1981 and 1982, have been overhauled and readied for service in the Gulf of Mexico, according to Richard M. Currence, Tidewater Marine president. He said that Tidewater continues to remove older, no longer profitable vessels from its fleet while acquiring newer equipment at attractive prices.

"Tidewater fully intends to retain its leadership role in the offshore marine support service market. We will maintain our leadership through our experience, the quality and variety of our vessels in service, the worldwide development of our fleet, and our desire to provide customers with the best available equipment and service," Mr. Currence said.

The three supply vessels have a beam of 38 feet and depth of 14 feet.

Each develops 2,400 bhp; two are powered by Mercedes MTU diesel engines and the other is equipped with an Electro-Motive Division diesel. The towing/supply vessel has a beam of 38 feet and depth of 14 feet, and is also powered by EMD engines that develop 3,900 bhp. Average speed for all the vessels is 12 knots.

Maritime Reporter Magazine, page 12, Apr 1986

Read T i d e w a t e r Acquires Four Offshore Support Vessels At Cost Of $ 2 Million in Pdf, Flash or Html5 edition of April 1986 Maritime Reporter

Other stories from April 1986 issue

Content

Maritime Reporter

First published in 1881 Maritime Reporter is the world's largest audited circulation publication serving the global maritime industry.