Tidewater snaps up Swire, Angolan JV
- Date: 09-Mar-2022
- Source: Energy Voice
- Sector:Economy
- Country:Middle East
Tidewater snaps up Swire, Angolan JV
Tidewater has set out an agreement to buy Swire Pacific Offshore for $190 million, creating the world’s largest offshore support vessel (OSV) fleet.
The company also bought out its local partner in an Angolan joint venture in the first quarter.
Swire has a fleet of 50 OSVs, including 29 anchor Handling Tug Supply (AHTS) vessels and 21 platform support vessels (PSVs). Combined with Tidewater’s existing vessels, this will take the company’s total to 174 OSVs, with 203 vessels in total, including crew boats and tug boats.
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