US giant Tidewater is ready to snap up for four vessels owned by embattled Trico Marine.
New York-listed Tidewater’s move comes hot on the heels of a newbuilding order at Drydocks World.
Tidewater is to pay $76m for two platform supply vessels (PSVs) and a brace of new multi-purpose supply vessels (MPSVs), court documents show.
Trico is set to collect $13m each for the 2,300-dwt PSVs Trico Mystic and Trico Moon (both built 2008) if a bankruptcy court approves the deal.
A further $50m will be paid for the 3,100-dwt MPSVs Trico Sabre (built 2009) and the newbuilding Trico Star, which are owned by a non-bankrupt Trico unit.
Since filing for Chapter 11 bankruptcy in August Trico has also sold the two smaller PSVs to Niger Delta Shipping Agency for $8.5m.
TradeWinds reported last week that Tidewater is to pen four 3,200-dwt ships costing $100m at Drydocks World.
