Tidewater is looking to shed 46 vessels this year, worth nearly $40m.
As part of its ongoing efforts to remake itself and the offshore sector writ large, the New York-traded, Houston-based company wants to move on from some ships, with an expected value of $39.3m.
"Part of achieving our return objectives is positioning the Tidewater fleet for the future by obtaining the highest disposal value for our fleet in lay-up," chief executive Quintin Kneen said in the company's fourth-quarter earnings report.
