2.2.0.25falsefalse0204 - Disclosure - Vessel Acquisitions and Dispositionstruefalsefalse1falsefalseUSDfalsefalse1/1/2010 - 12/31/2010
USD ($)
USD ($) / shares
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<div style="font-family: 'Times New Roman',Times,serif">
<div align="justify" style="font-size: 10pt; margin-top: 24pt"><b>(4) VESSEL ACQUISITIONS AND DISPOSITIONS</b>
</div>
<div align="justify" style="font-size: 10pt; margin-top: 10pt">     During 2010, we have taken delivery of three vessels that were under construction at December
31, 2009. As of February 24, 2011, we have one vessel that is being held for sale that is not
included in our fleet numbers and have no vessels under construction. In the second quarter of
2010, we sold one of our Americas vessels and recorded a $0.1 million loss. At the end of the
third quarter of 2010, we sold one of our North Sea vessels and recorded a $5.2 million gain.
</div>
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</div>
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<div style="font-family: 'Times New Roman',Times,serif">
<div align="justify" style="font-size: 10pt; margin-top: 10pt">     The following tables illustrate the details of the vessels added, disposed of and classified
as held for sale since December 31, 2009.
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="90%">
<!-- Begin Table Head -->
<tr valign="bottom" style="font-size: 20pt">
<td width="21%"> </td>
<td width="4%"> </td>
<td width="7%"> </td>
<td width="4%"> </td>
<td width="7%"> </td>
<td width="4%"> </td>
<td width="7%"> </td>
<td width="4%"> </td>
<td width="7%"> </td>
<td width="4%"> </td>
<td width="7%"> </td>
<td width="4%"> </td>
<td width="7%"> </td>
<td width="4%"> </td>
<td width="9%"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center" colspan="15" style="border-bottom: 2px solid #000000"><b>Vessel Additions Since December 31, 2009</b></td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Year</b></td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Length</b></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Month</b></td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #ffffff"><b>Vessel</b></td>
<td> </td>
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #ffffff"><b>Region</b></td>
<td> </td>
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #ffffff"><b>Type</b><sup style="font-size: 85%; vertical-align: text-top"> (1)</sup></td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Built</b></td>
<td> </td>
<td nowrap="nowrap" align="center"><b>(feet)</b></td>
<td> </td>
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #ffffff"><b>BHP</b> <sup style="font-size: 85%; vertical-align: text-top">(2)</sup></td>
<td> </td>
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #ffffff"><b>DWT</b><sup style="font-size: 85%; vertical-align: text-top"> (3)</sup></td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Delivered</b></td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="15" align="left" style="border-top: 2px solid #000000"> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td align="center" valign="bottom"> </td>
<td> </td>
<td align="center" valign="bottom"> </td>
<td> </td>
<td align="center" valign="bottom"> </td>
<td> </td>
<td align="center" valign="bottom"> </td>
<td> </td>
<td align="center" valign="bottom"> </td>
<td> </td>
<td align="center" valign="bottom"> </td>
<td> </td>
<td align="center" valign="bottom"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"><i>North Purpose</i>
</div></td>
<td> </td>
<td align="center" valign="bottom">N. Sea</td>
<td> </td>
<td align="center" valign="bottom">PSV</td>
<td> </td>
<td align="center" valign="bottom">2010</td>
<td> </td>
<td align="center" valign="bottom">284</td>
<td> </td>
<td align="center" valign="bottom">10,738</td>
<td> </td>
<td align="center" valign="bottom">4,850</td>
<td> </td>
<td align="center" valign="bottom">Feb-10</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><i>Sea Valiant</i>
</div></td>
<td> </td>
<td align="center" valign="bottom">SEA</td>
<td> </td>
<td align="center" valign="bottom">AHTS</td>
<td> </td>
<td align="center" valign="bottom">2010</td>
<td> </td>
<td align="center" valign="bottom">230</td>
<td> </td>
<td align="center" valign="bottom">10,188</td>
<td> </td>
<td align="center" valign="bottom">2,301</td>
<td> </td>
<td align="center" valign="bottom">Jun-10</td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"><i>Sea Victor</i>
</div></td>
<td> </td>
<td align="center" valign="bottom">SEA</td>
<td> </td>
<td align="center" valign="bottom">AHTS</td>
<td> </td>
<td align="center" valign="bottom">2010</td>
<td> </td>
<td align="center" valign="bottom">230</td>
<td> </td>
<td align="center" valign="bottom">10,188</td>
<td> </td>
<td align="center" valign="bottom">2,301</td>
<td> </td>
<td align="center" valign="bottom">Jul-10</td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="margin-left: 5%">
<div style="font-size: 3pt; margin-top: 10pt; width: 18%; border-top: 1px solid #000000"> 
</div>
</div>
<table width="95%" border="0" cellpadding="0" cellspacing="0" style="font-size: 9pt; margin-left: 5%; text-align: left">
<tr style="font-size: 2pt">
<td width="1%"> </td>
<td width="1%"></td>
<td width="98%"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top">1)</sup></td>
<td> </td>
<td>
<div style="text-align: justify">AHTS - Anchor handling, towing and supply vessel
</div></td>
</tr>
<tr style="font-size: 1pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left"> </td>
<td> </td>
<td>
<div style="text-align: justify">FSV - Fast supply vessel
</div></td>
</tr>
<tr style="font-size: 1pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left"> </td>
<td> </td>
<td>
<div style="text-align: justify">PSV - Platform supply vessel
</div></td>
</tr>
<tr style="font-size: 1pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left"> </td>
<td> </td>
<td>
<div style="text-align: justify">SpV - Specialty vessel, including towing and oil response
</div></td>
</tr>
<tr style="font-size: 1pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left"> </td>
<td> </td>
<td>
<div style="text-align: justify">SmAHTS - Small anchor handling, towing and supply vessel
</div></td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top">2)</sup></td>
<td> </td>
<td>
<div style="text-align: justify">BHP - Breakhorse power
</div></td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top">3)</sup></td>
<td> </td>
<td>
<div style="text-align: justify">DWT - Deadweight tons
</div></td>
</tr>
</table>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="90%">
<!-- Begin Table Head -->
<tr valign="bottom" style="font-size: 20pt">
<td width="21%"> </td>
<td width="4%"> </td>
<td width="7%"> </td>
<td width="4%"> </td>
<td width="7%"> </td>
<td width="4%"> </td>
<td width="7%"> </td>
<td width="4%"> </td>
<td width="7%"> </td>
<td width="4%"> </td>
<td width="7%"> </td>
<td width="4%"> </td>
<td width="7%"> </td>
<td width="4%"> </td>
<td width="9%"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center" colspan="15" style="border-bottom: 2px solid #000000"><b>Vessels Disposed of Since December 31, 2009</b></td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Year</b></td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Length</b></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Month</b></td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #ffffff"><b>Vessel</b></td>
<td> </td>
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #ffffff"><b>Region</b></td>
<td> </td>
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #ffffff"><b>Type</b></td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Built</b></td>
<td> </td>
<td nowrap="nowrap" align="center"><b>(feet)</b></td>
<td> </td>
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #ffffff"><b>BHP</b></td>
<td> </td>
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #ffffff"><b>DWT</b></td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Disposed</b></td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="15" align="left" style="border-top: 2px solid #000000"> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td align="center" valign="bottom"> </td>
<td> </td>
<td align="center" valign="bottom"> </td>
<td> </td>
<td align="center" valign="bottom"> </td>
<td> </td>
<td align="center" valign="bottom"> </td>
<td> </td>
<td align="center" valign="bottom"> </td>
<td> </td>
<td align="center" valign="bottom"> </td>
<td> </td>
<td align="center" valign="bottom"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><i>Seapower</i>
</div></td>
<td> </td>
<td align="center" valign="bottom">Americas</td>
<td> </td>
<td align="center" valign="bottom">SpV</td>
<td> </td>
<td align="center" valign="bottom">1974</td>
<td> </td>
<td align="center" valign="bottom">222</td>
<td> </td>
<td align="center" valign="bottom">7,040</td>
<td> </td>
<td align="center" valign="bottom">1,205</td>
<td> </td>
<td align="center" valign="bottom">May-10</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><i>North Traveller</i>
</div></td>
<td> </td>
<td align="center" valign="bottom">N.Sea</td>
<td> </td>
<td align="center" valign="bottom">LgPSV</td>
<td> </td>
<td align="center" valign="bottom">1998</td>
<td> </td>
<td align="center" valign="bottom">221</td>
<td> </td>
<td align="center" valign="bottom">5,450</td>
<td> </td>
<td align="center" valign="bottom">3,115</td>
<td> </td>
<td align="center" valign="bottom">Sep-10</td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="80%">
<!-- Begin Table Head -->
<tr valign="bottom" style="font-size: 25pt">
<td width="27%"> </td>
<td width="5%"> </td>
<td width="7%"> </td>
<td width="5%"> </td>
<td width="7%"> </td>
<td width="5%"> </td>
<td width="7%"> </td>
<td width="5%"> </td>
<td width="7%"> </td>
<td width="5%"> </td>
<td width="7%"> </td>
<td width="5%"> </td>
<td width="9%"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center" colspan="13" style="border-bottom: 2px solid #000000"><b>Vessels Held for Sale (Laid Up)</b></td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Year</b></td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Length</b></td>
<td> </td>
<td nowrap="nowrap" align="center"> </td>
<td> </td>
<td nowrap="nowrap" align="center"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #ffffff"><b>Vessel</b></td>
<td> </td>
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #ffffff"><b>Region</b></td>
<td> </td>
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #ffffff"><b>Type</b></td>
<td> </td>
<td nowrap="nowrap" align="center"><b>Built</b></td>
<td> </td>
<td nowrap="nowrap" align="center"><b>(feet)</b></td>
<td> </td>
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #ffffff"><b>BHP</b></td>
<td> </td>
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #ffffff"><b>DWT</b></td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="13" align="left" style="border-top: 2px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><i>Clwyd Supporter</i>
</div></td>
<td> </td>
<td align="center" valign="bottom">N. Sea</td>
<td> </td>
<td align="center" valign="bottom">SpV</td>
<td> </td>
<td align="center" valign="bottom">1984</td>
<td> </td>
<td align="center" valign="bottom">266</td>
<td> </td>
<td align="center" valign="bottom">10,700</td>
<td> </td>
<td align="center" valign="bottom">1,350</td>
</tr>
<!-- End Table Body -->
</table>
</div>
</div>
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12Vessel Acquisitions and DispositionsUnKnownUnKnownUnKnownUnKnownfalsetrue