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    Trico Marine acquires UT745s

    Vessel & ROV News // June 29, 2001
    Trico Marine Services has signed a definitive agreement to acquire two 279ft platform supply vessels for a cost of approximately $42 million in total payable in Norwegian Kroner.

    The two state-of-the-art, UT 745 design vessels are currently under construction in Norway and are slated for delivery in April and August 2002. Payment terms for each of the vessels call for payments equal to 20 per cent during construction and 80 per cent upon delivery.

    "The UT 745 vessels, which are equipped with DP2 (dynamic positioning) systems, are among the largest, most technologically-advanced platform supply vessels available in the industry today", said Thomas E Fairley, President and CEO. "The addition of these two vessels to our fleet enhances Trico's ability to service both the North Sea market and the growing deepwater market worldwide".

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