18 Jun 1999
Tidewater Sells North Sea Boats
Tidewater Inc. will sell its North Sea safety-standby boats to BUE Marine Limited of Edinburgh, Scotland. The $40 million all-cash deal is expected to close by late June. The 28 safety-standby boats were obtained by Tidewater as part of earlier acquisitions. This type of rescue vessel is required for oil and gas entities operating in the North Sea.
22 Jun 1999
Tidewater to Sell Fleet of Safety Standby Boats
Tidewater Inc., operator of the world's largest fleet of vessels serving the offshore energy industry, reportedly agreed to sell its North Sea safety-standby boats to BUE Marine Limited of Edinburgh, Scotland.
