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    Torch Offshore acquires Wave Alert; re-names ship Midnight Wrangler

    Vessel & ROV News // December 20, 2002
    Torch Offshore has entered into an agreement for the purchase of the Wave Alert, a 340-foot cable-laying dynamically positioned (DP-2) vessel, from Global Marine Shipping Limited for approximately $10.9 million.

    Torch will rename this addition to its deepwater fleet Midnight Wrangler.

    Delivery of the Midnight Wrangler is expected in March 2003 after the vessel has gone through its required drydock and all cable lay equipment has been removed. At that time, Torch will take possession of the vessel and install a 125t crane. The companyexpects to use the vessel initially as a deepwater subsea construction vessel.

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