Tidewater Signs Agreement Of Intent

Thursday, 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.

Contracts

Nakilat Upgrades VSAT Service for LNG/LPG Fleet

Nakilat, the shipping arm of Qatar’s liquefied natural gas sector, has entered into a contract with Global Eagle Entertainment Inc.’s Emerging Markets Communications

Fred.Olsen Energy, Hyundai Settle Rig Dispute

Rig firm Fred. Olsen Energy and South Korean yard Hyundai Heavy Industries settle dispute over construction of semi-submersible rig Bollsta Dolphin. Shares in Fred.

NordLB to Shed Shipping Loans to KKR

German state-owned lender NordLB and KKR Credit said they had reached an agreement by which KKR Credit will acquire a $1.5 billion portfolio of shipping loans from

Navy

This Day In Naval History: August 23

1819 - Commodore Oliver H. Perry, the hero of the Battle of Lake Erie, dies on board the schooner, USS Nonsuch, in Trinidad of a fever contracted during his successful

Researchers to Visit ‘Battle of the Atlantic’ Wreckage

Researchers from the U.S. National Oceanic and Atmospheric Administration (NOAA) and its partners are set to visit what remains of two ships—a German U-boat and

Austal Hosts Christening of YUMA (EPF 8)

Austal celebrated the christening of the Expeditionary Fast Transport ship USNS Yuma (EPF 8) with a ceremony at its state-of-the-art shipyard here, this morning.

 
 
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