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).
