Tidewater To Purchase Platform Supply Vessel

Tidewater has signed a letter of intent to purchase M/V Ace Navigator from the Sanko Steamship Co. of Tokyo, Japan for $22.5 million. Constructed in October 1999, Ace Navigator is a UT 745 design platform supply vessel that is able to work in both harsh weather and deep water. Measuring 275 ft. (83.8 m), the vessel is rated at 9,600-bhp with full dynamic positioning capabilities.