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Kim Heng Offshore & Marine Holdings subsidiary acquires two anchor handling tugs for US$4.8 mil

Felicia Tan
Felicia Tan7/24/2020 06:16 PM GMT+08  • 2 min read
Kim Heng Offshore & Marine Holdings subsidiary acquires two anchor handling tugs for US$4.8 mil
Kim Heng Offshore & Marine Holdings says its 51%-owned subsidiary Bridgewater Offshore (BWO), has acquired two units of 12,500 horsepower anchor handling tug (AHT) on July 24.
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Kim Heng Offshore & Marine Holdings, an established integrated offshore and marine value chain services provider, says its 51%-owned subsidiary Bridgewater Offshore (BWO), has acquired two units of 12,500 horsepower anchor handling tug (AHT) on July 24.

The AHTs, Salvanguard and Salvigilant, were acquired from the Posh Terasea liquidation for a consideration of US$4.8 million ($6.6 million), funded through internal resources and bank loans.

They will be renamed as Bridgewater 160 and Bridgewater 161 respectively.

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