Tidewater on track with vessel disposals

Offshore services giant Tidewater Inc. (NYSE:TDW) today reported revenue for the three-months ended March 31, 2019, of $122.1 million and a net loss for the same period of $21.7 million (or $0.58

Damen delivers two FCS 2206 Fast Crew Suppliers

Dubai based offshore services specialist Seaways International has taken delivery of two Damen Fast Crew Suppliers (FCS) 2206 in a hand-over ceremony held March 4 at Damen Shipyards Singapore. Seaways International, which

Tidewater: Red ink quarter, red ink year, but cash flow positive

Offshore services giant Tidewater Inc. (NYSE:TDW) today reportedrevenue for the three-months ended December 31, 2018, of $110.2 million and a net loss for the same period of $90.5 million (or $2.83 per

Bourbon to suspend payments of loans and debt

JANUARY 3, 2019 — Marseille, France, headquartered offshore services provider Bourbon says it has renewed a general waiver with its leasers and debt holders representing the majority of the group’s debt, thus

Lauro takes control of Nordic American Offshore

DECEMBER 12, 2018 — The Scorpio Group is expanding beyond the tanker and bulker sectors and putting a toe into the waters of the offshore services market by taking control of niche

Tidewater, GulfMark merger creates OSV giant

NOVEMBER 15, 2018 — Offshore services giant Tidewater Inc. (NYSE: TDW) today announced the successful completion of its merger with GulfMark Offshore, Inc., after the relevant proposals were approved by over 99%

Tidewater reports a red ink quarter

NOVEMBER 12, 2018 — Offshore services giant Tidewater Inc. (NYSE:TDW) today reported a net loss for the three months ended September 30, 2018, of $30.9 million, or $1.16 per common share, on

Solstad Offshore in talks with lenders

OCTOBER 22, 2018 — Underscoring the continuing toughness of the offshore services sector, Solstad Offshore ASA says it is to start talks with its lenders. Solstad Offshore ASA was created by the

Tidewater and GulfMark Offshore move ahead on merger plan

OCTOBER 17, 2018 — Offshore services specialists Tidewater Inc. (NYSE: TDW) and GulfMark Offshore, Inc. (NYSE: GLF) today announced the filing of the joint definitive proxy statement and prospectus with the U.S.

Tidewater vessel reflagged to operate with Canada’s Horizon Maritime

AUGUST 14, 2018 — Tidewater Marine and Canadian offshore services specialist Horizon Maritime are continuing their cooperation. The 2010 built multifunctional offshore support vessel Tidewater Enabler has been reflagged from Vanuatu to