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Sea Talon Anchors News

01 Nov 1999

Aker Marine And Vryhof Sign Letter Of Intent

Aker Marine Contractors, (AMC) a subsidiary of Aker Maritime, and Vryhof Anchors have penned a Letter of Intent to extend their cooperation agreement through their U.S.-based joint venture company - TACP/Aker LLC. According to this new agreement, AMC will sell to Vryhof the substantial assets and rights of Sea Talon Anchors, which was attained by AMC in 1988. Within their core business, Vryhof will continue to focus on the design and manufacturing of high holding power drag embedment anchors and the supply of mooring components through other alliances. AMC will concentrate on the marine contracting market, stressing on the design and installation of cost effective mooring systems for floating drilling, production and construction operations.

15 Nov 1999

Aker and Vryhof Anchors Extend Agreement

Aker Marine Contractors, Inc. (AMC), a subsidiary of Aker Maritime Inc, and Vryhof Anchors BV (Vryhof) have signed a Letter of Intent to extend their cooperation agreement through their U.S.-based joint venture company, TACP/Aker LLC. The companies currently hold considerable market share in their respective businesses. In addition to the Gulf of Mexico, considerable potential is seen in the newly developing deepwater markets offshore Brazil, West Africa and other areas of the world. The extended agreement is intended to capitalize on these new markets. As part of this the new agreement, AMC will sell to Vryhof the substantial assets and rights of Sea Talon Anchors (acquired by AMC in 1998).