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Thursday, March 28, 2024

Tidewater Signs Agreement Of Intent

Maritime Activity Reports, Inc.

June 17, 1999

Tidewater, Inc. has signed an agreement of intent to acquire six newbuild vessels from Hvide Marine Incorporated, for an aggregate price of $22 million. Closing, which is expected sometime during July 1999, is subject to customary due diligence matters, including executing a definitive agreement and satisfactory inspections of the vessels by Tidewater.

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