Tidewater CEO: Offshore services recovery is here
“As we look forward into 2023, we are confident that not only is the recovery here, but that the demand for offshore vessels will continue to strengthen throughout this year,” said Quintin
offshore services
DOF ASA: New board, new restructuring proposal
Leading Norwegian offshore services provider DOF ASA is to make another attempt at getting a restructuring plan in place. This is the latest development in the chain of events set in motion
Cat to support Wilson Sons on decarbonization
Caterpillar has signed an MOU that will see it support Brazil’s Wilson Sons with the adoption of tugboat and offshore vessel powertrain technologies and services that enable the fulfillment of emissions reduction
Bankruptcy ahead for major Norwegian offshore player?
Norway’s DOF Group, which has a fleet of more than 60 offshore service vessels, now faces either a forced restructuring under the Norwegian Reconstruction Act, or bankruptcy. At an extraordinary general meeting
Tidewater marks “a satisfying milestone”
Houston-headquartered offshore services giant Tidewater Inc. (NYSE:TDW) has released third quarter results that see it report positive net income for the first quarterly period since 2017. “Our third quarter performance reinforces our
Wintermar wins 5-year contract for 2 AHTS vessels
Indonesia’s Wintermar Offshore Marine Group reports that it has booked a contract valued at $22 million that will see it supply two Anchor Handling Tug Supply vessels to support production off the
Tidewater CEO: “Everything we own should be working by end-2022”
Offshore services giant Tidewater Inc. (NYSE: TDW) reported results for the quarter ending March 31, 2021, that still showed a lot of red ink. But, in a sign that it may see
Tidewater makes two leadership promotions
Offshore services major Tidewater Inc. (NYSE: TDW) has named Sam Rubio as Chief Financial Officer and David Darling as Chief Operating Officer. “The leadership and ingenuity these two individuals have demonstrated by
Tidewater in fleet-wide roll-out of Inmarsat Fleet Xpress
An agreement with mobile satellite communications leader Inmarsat has seen offshore services major Tidewater Inc. advance its digitalization strategy by upgrading the majority of its active fleet to the Fleet Xpress mobile
Still owing around $1.3 billion, Bourbon will shed more vessels
French offshores services leader Bourbon Maritime says that its recovery plan and a conciliation protocol signed with its creditors were validated on December 14 by the Commercial Court of Marseilles. Bourbon says