Bay Shipbuilding to Build PSV for Tidewater

Tuesday, March 22, 2011

Fincantieri Marine Group (FMG) announced that its Bay Shipbuilding Company will build two 303-ft Platform Supply Vessels (PSVs) of the MMC 887 LH PSV Design from MMC Ship Design of Poland for New Orleans, La.-based Tidewater Marine, LLC, a wholly-owned subsidiary of Tidewater Inc. The Deepwater Platform Supply Vessels, to be built at FMG’s shipyard Bay Shipbuilding Company, located in Sturgeon Bay, Wis., will be state-of-the-art vessels with diesel-electric z-drive propulsion, dynamic positioning 2 (DP-2) system, polar class 7, fire-fighting class 2 (FFV 2) system, and ENVIRO. Other contract terms were not disclosed. 

The first platform supply vessel is scheduled for delivery in the 4th Quarter of 2012, and the second platform supply vessel is scheduled for delivery in the 2nd Quarter of 2013. 
“We are pleased with Tidewater Marine’s selection of our Bay Shipbuilding Company for construction of Tidewater Marine’s newest offshore Deepwater Class platform supply vessels,” said Fred Moosally, President & CEO of the Fincantieri Marine Group. “With the focus of winning strategic contracts and growing our commercial business, Fincantieri Cantieri Navali Italiani S.p.A., the parent company of the Fincantieri Marine Group, committed in 2009 to an aggressive upgrading program of both our Bay Shipbuilding Company and Marinette Marine Corporation shipyards to enhance our capabilities, efficiencies, and competitiveness.” 
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