Kim Heng acquires second anchor handler pair from Posh Terasea

Salvanguard (Photo: MAAT)

Bridgewater Offshore (BWO), a 51 per cent-owened subsidiary of Singapore’s Kim Heng Offshore and Marine Holdings, has acquired two 9,320kW anchor handling tugs from the liquidation of Posh Terasea, a joint venture of PACC Offshore Services Holdings (POSH) and Terasea.

Salvanguard (pictured) and Salvigilant were acquired for a consideration equivalent to US$4.8 million. The vessels will be renamed Bridgewater 160 and Bridgewater 161, respectively.

These are the third and fourth anchor handling tugs that BWO has acquired from the Posh Terasea liquidation after Bridgewater 163 (ex-Salveritas) and Bridgewater 168 (ex-Salviceroy).

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