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.
| Year | Fleet Development - Significant Events | Owned Vessels |
Total Vessels |  = Total Fleet Size |
|---|---|---|---|---|
| 2011 | Six new vessels announced for construction. Sold one older vessel at a profit. |
73 | 90 | |
| 2010 | Three new vessels delivered. Strategically sold older vessels at a profit. |
74 | 89 | |
| 2009 | Invested heavily in systems and technological advancements. Six new vessels delivered. |
72 | 87 | |
| 2008 | Acquisition of Rigdon Marine Corporation expanding fleet in US GOM, Trinidad and Angola. US Gulf of Mexico operations initiated. |
71 | 95 | |
| 2007 | First Singapore built PSV delivered. Last Southeast Asia newbuild AHTS acquired. Two Polish built AHTSs ordered. Three U.S. built PSVs ordered. Two North Sea Aker-09 CD PSVs ordered. |
48 | 61 | |
| 2006 | Two additional Southeast Asia based newbuilds acquired. | 48 | 60 | |
| 2005 | First Southeast Asia based newbuild acquired. Two Northsea Sea Aker-09 PSVs ordered. Six Singapore built 10,000 H.P. AHTSs ordered. Mexico newbuilds delivered. Operations base in Mexico established. |
48 | 59 | |
| 2004 | Middle East and Mediterranean operations initiated. Brazil newbuild delivered. |
45 | 52 |  |
| 2003 | Brazil operations expanded to four vessels. Two Singapore built PSVs ordered for Mexico. Last of North Sea newbuilds delivered. West Africa and India operations initiated. |
47 | 56 | |
| 2002 | Newbuild MSV support vessel (UT-719) ordered for Brazil. |
43 | 55 | |
| 2001 | Clear Seas vessels acquired in North Sea. Sea Truck Shipping acquired in Norway. |
39 | 51 | |
| 2000 | Nine vessel newbuild Program for North Sea announced. |
30 | 47 | |
| 1999 | U.S. newbuild PSVs delivered. | 31 | 51 | |
| 1998 | Brovig Supply acquired in Norway. FPSO Service in U.K. initiated. |
28 | 39 | |
| 1997 | Two U.S. built PSVs ordered for 1999. Second UT-755 newbuild delivered. |
26 | 33 | |
| 1996 | First of two UT-755 newbuilds delivered. Maritime Pte. acquired in Southeast Asia. |
21 | 29 | |
| 1995 | Operating 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 | 23 | |
| 1994 | Two North Sea vessels sold. | 12 | 20 | |
| 1993 | BP Shipping acquired in U.K. | 14 | 25 | |
| 1992 | Second North Sea newbuild delivered. | 12 | 15 | |
| 1991 | First North Sea newbuild (UT-705) delivered. | 11 | 13 | |
| 1990 | Marine assets of Offshore Logistics acquired. | 9 | 11 | |