Singapore’s Kim Heng is doubling-down on the offshore sector with the acquisition of a another pair of large anchor-handling tugs (AHTs).
Private equity-backed Bridgewater Offshore, in which Kim Heng has a 51% stake, has acquired the 12,500-bhp Salvanguard (built 2004) and Salvigilant (built 2007).
The offshore vessels were acquired for $4.8m
