Tidewater Nabs Eight Vessels From Sanko

Tidewater has completed the previously announced transaction of eight vessels from the Sanko Steamship Co. at a price of $160 million.

Four of the vessels in the purchase are large anchor-handling, towing supply boats, each with a total horsepower of 15,000 bhp; the remainder are large North Sea type platform supply vessels. Sanko is purchasing the entire vessel group subject to existing charter arrangements previously entered into.