DEVELOPMENT HISTORY


We monitor trends in the offshore oil and gas industry, anticipate client needs and build vessels to support them.


We have grown from 11 vessels in 1990 to a current fleet of 72 vessels and now offer one of the industry's youngest and most capable fleets. By continuously expanding and modernizing, we have built the capability to operate in the most difficult environments and have positioned the company to where our clients are going, not where they have been.

TOTAL VESSELS (as of December 1, 2014)
Owned Vessels    Under Construction
Vessels under construction as of January 1st.

2014
72
6
2013
72
11
2012
70
11
2011
73
6
2010
74
2009
75
2008
71
2006
48
2004
45
2002
43
2000
30
1998
28
1996
21
1994
12
1992
12
1991
11
1990
9


FLEET DEVELOPMENT TIMELINE


Our measured approach to new construction, vessel acquisitions and dispositions have allowed us to achieve and maximize one of the industry's youngest and most modern fleets.

YearFleet Development - Significant EventsOwned Vessels
2014One new vessel announced for construction. Three new vessels delivered. One vessel purchased. Four vessels sold.72
2013Five new vessels delivered. Four vessels sold.72
2012Five new vessels announced for construction. Five vessels sold.70
2011Six new vessels announced for construction. Sold one older vessel at a profit.73
2010Three new vessels delivered. Strategically sold older vessels at a profit.74
2009Invested heavily in systems and technological advancements. Six new vessels delivered.72
2008Acquisition of Rigdon Marine Corporation expanding fleet in US GOM, Trinidad and Angola. US Gulf of Mexico operations initiated.71
2007First Singapore built PSV delivered. Last Southeast Asia newbuild AHTS acquired. Two Polish built AHTSs ordered. Two North Sea Aker-09 CD PSVs ordered.48
2006Two additional Southeast Asia based newbuilds acquired.48
2005First Southeast Asia based newbuild acquired. Two North Sea Aker-09 PSVs ordered. Six Singapore build 10,000 H.P. AHTSs ordered. Mexico newbuilds delivered. Operations base in Mexico established.48
2004Middle East and Mediterranean operations initiated. Brazil newbuild delivered.45
2003Brazil operations expanded to four vessels. Two Singapore built AHTSs ordered for Mexico. Last of North Sea newbuilds delivered. West Africa and India operations initiated.47
2002Newbuild MSV support vessel (UT-719) ordered for Brazil.43
2001Clear Seas vessels acquired in North Sea. Sea Truck Shipping acquired in Norway.39
2000Nine vessel newbuild Program for North Sea announced.30
1999U.S. newbuild PSVs delivered.31
1998Brovig Supply acquired in Norway. FPSO Service in U.K. initiated.28
1997Two U.S. built PSVs ordered for 1999. Second UT-755 newbuild delivered.26
1996First of two UT-755 newbuilds delivered. Maritime Pte. acquired in Southeast Asia.21
1995Operating base in Brazil established. Two UT-755 newbuilds ordered for 1996/1997 delivery. Instrumental in new PSV design (UT-755). Oil spill response business in U.K. established.14
1994Two North Sea vessels sold.12
1993BP Shipping acquired in U.K.14
1992Second North Sea newbuild delivered.12
1991First North Sea newbuild (UT-705) delivered.11
1990Marine assets of Offshore Logistics acquired.9