Construction contract

The delivery of these high-performance, high-capacity, 3,200 dwt platform supply vessels is estimated to begin in April 2012 and conclude in late 2012. The agreement with Drydocks World also provides options, at Tidewater's discretion, for the construction of up to four additional vessels of similar specifications and at similar pricing.

Tidewater Inc., New Orleans, announced that it has entered into a contract with Drydocks World for the construction of four deepwater platform supply vessels at its shipyard in Batam, Indonesia.

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