Deep Sea Supply Signs Letter of Intent to Buy 6 AHTS from Tidewater

The latest company to evolve this month is Norwegian Deep Sea Supply put together by project brokers S&T Energy (based in London, Oslo and Moscow) and Mr. Odd Breivik. The new company has agreed to acquire six AHTS vessels from Tidewater for a price of $202 million, pending financing. If the deal goes through, Tidewater will make a healthy financial gain of $80 million. The vessels are KMAR 404 class and were built at Kværner Kleven in 1998-99.

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