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Tidewater Engages Caterpillar for Global Fleet Management to Increase Efficiency and Uptime
Largest Fleet Operator in the Offshore Support Vessel Industry Receives 24-Hour Digitally-Driven Engine Monitoring and Dedicated Support Through Global Customer Value Agreement
September 2023
Houston, Texas – Caterpillar and Tidewater Inc. (Tidewater), a global leader in the offshore support vessel (OSV) industry, announced today the execution of a Global Value Agreement (GVA) for Tidewater’s worldwide footprint of vessels that support the offshore energy industry. GVAs ensure comprehensive parts, service, monitoring and maintenance support to help reduce total cost of ownership (TCO) and increase uptime and availability.
Tidewater’s diverse fleet of over 200 OSVs, including platform supply vessels, anchor handler towing supply vessels, offshore tugs, and crew boats, will benefit from having a dedicated Caterpillar fleet manager to identify the most effective, efficient maintenance intervals for improved service planning and quick parts availability. Predictive analytics and 24/7 digital Cat® engine monitoring will allow the operator to track assets’ locations, operating hours, fuel levels, and overall utilization for data-driven efficiency cost improvements. Pairing consistent, dependable global support with innovative digital enhancements will help promote greater efficiency for more than 400 of Tidewater’s Cat engines, increasing vessel uptime.
As one of the oldest and most experienced providers of marine support services for the offshore energy industry, Tidewater’s global footprint is relied upon in more than 60 countries. Caterpillar’s fleet management services offered through the GVA help improve the availability of Tidewater’s vessels to transport crews and supplies, tow and anchor mobile rigs, assist in offshore construction projects and perform a variety of specialized marine support services.
“Working with Caterpillar Marine under this global agreement enables us to enhance maintenance and operational support while continuing to deliver on our goals for safe and reliable operations. We are teaming up with leading global marine equipment providers such as Caterpillar to establish the highest, most technologically advanced and most carbon friendly marine engine operating standards,” said David Darling, Chief Operating Officer of Tidewater.
“The GVA is aligned with Caterpillar and Tidewater's vision for superior support and exceptional service for Tidewater’s global OSV fleet. Our fleet management, digital tools and world-class dealer network will enable Tidewater vessels to achieve the highest level of operational performance,” commented Brad Johnson, vice president of Caterpillar Marine
About Caterpillar Marine:
Caterpillar Marine, with headquarters in Houston, Texas, offers premium power solutions for a wide range of marine applications. With decades of experience designing engines and aftertreatment solutions, Caterpillar Marine products set the standard for quality, performance, and reliability. Caterpillar is dedicated to being your service provider on the water to provide engine and operational success. With Customer Value Agreements (CVAs), customers can take advantage of an extensive array of service options that can be tailored to their specific needs. Combined with our digital solutions, a CVA can provide valuable insights to engine health and performance. The global sales and service network is ready to support customers in tug, offshore, inland waterways, fishing, governmental, dredge, ferry, and yachting wherever they are.
More information is available at: www.cat.com/marine
About Caterpillar
With 2022 sales and revenues of $59.4 billion, Caterpillar Inc. is the world’s leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. For nearly 100 years, we’ve been helping customers build a better, more sustainable world and are committed and contributing to a reduced-carbon future. Our innovative products and services, backed by our global dealer network, provide exceptional value that helps customers succeed. Caterpillar does business on every continent, principally operating through three primary segments – Construction Industries, Resource Industries and Energy & Transportation – and providing financing and related services through our Financial Products segment. Visit us at caterpillar.com or join the conversation on our social media channels at caterpillar.com/en/news/social-media.html.
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