Tidewater Vessel Sales Hits a Glitch

Monday, April 04, 2005
Tidewater Inc. said the prospective purchaser of up to six of its KMAR Anchor Handling Vessels advised Tidewater at the close of business on April 1 that, although the purchaser intended to continue its efforts to complete the transaction at the price and on the terms previously agreed, it had not been successful in satisfying one of the closing conditions by an agreed date. Tidewater had previously announced the proposed sale in mid-March. Given this development, Tidewater will continue discussing a sale of the vessels with the purchaser on a non-exclusive basis, but will also evaluate offers from other third parties, should any be made, and retains the unilateral right to accept a proposal for the vessels that it deems in its sole discretion to be superior.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Workboats

AWO Authorizes ClassNK to Perform RCP Audits

The American Waterways Operators (AWO) and ClassNK have signed an agreement under which ClassNK will be authorized to conduct audits of AWO's Responsible Carrier Program,

Young Brothers Orders Four New Tugs from Conrad

Young Brothers, Limited, Hawai‘i’s largest inter-island cargo service provider, and Conrad Shipyard, signed a contract to build four new tugs, a nearly $80 million

Meercat Workboats Scores a Hat-trick

The U.K.’s Meercat Workboats says it scored a hat-trick; the Hampshire-based boat builder announced it is moving premises, that Seawork was a huge success and that

Education/Training

Maritime Knowledge Hub Opens in the UK

Business owners across the U.K. wanting to drive growth in the maritime sector are being urged to engage with the newly opened Maritime Knowledge Hub in Birkenhead, Liverpool City Region.

New Port Academy Liverpool Unveiled at Grand Opening

LIVERPOOL City Region has launched a new  £2.5 million maritime training academy which it believes is the only one in the U.K. to create vitally needed skills and

Charting the Shift of Oceanic Boundary Currents

Global warming results in fundamental changes to important ocean currents. As scientists from the Alfred-Wegener-Institute show in a new study, wind-driven subtropical

 
 
Maritime Contracts Maritime Security Maritime Standards Navigation Port Authority Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0569 sec (18 req/sec)