TMM claw into Deep Sea's Sea Wolverine

MEXICO: Deep Sea Supply is selling newbuild anchor handling tug supply vessel (AHTS) Sea Wolverine to TMM Mexico for US$22 million. The sale will release a net cash surplus to Deep Sea Supply of approximately US$18 million. The profit from the sale, approximately US$6 million will be booked in the second quarter of this year.

Sea Wolverine is the second delivery in a series of nine newbuild AHTSs delivered to Deep Sea Supply from ABG. The vessel is expected to be delivered from India's ABG Shipyard on May 9 and delivery to TMM is expected later in the month.