Trico Marine Services, Inc. announced today that it has reached an agreement, effective September 1, 2006, to build two GPA 640, 210′ offshore supply vessels for a total cost of approximately $35 million. The vessels will have diesel electric propulsion and class 2 dynamic positioning systems. Bender Shipbuilding & Repair Co., Inc. will build the vessels at its shipyard in Mobile, Alabama, with an expected delivery date for the first vessel in March 2008 and the second vessel in July 2008. The agreement guarantees the construction costs of the vessels as well as technical specifications and contains penalties for late delivery. Trico expects to fund construction costs related to each vessel from cash and cash flow from operations.
Green Marine
about 20 years ago
Trico Marine Services Announces Construction of Two New Vessels
Trico Marine Services, Inc. announced today that it has reached an agreement, effective September 1, 2006, to build two GPA 640, 210′ offshore supply vessels for a total cost of approximately $35 million. The vessels will have diesel electric propulsion and class 2 dynamic positioning systems. Bende
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