Tidewater sees an improving offshore market in 2020, but still expects roughly the same revenue as the year prior.
The Houston-based offshore player said in its fourth quarter earnings release that it already has $440m backlogged for this year and that the final number would come in similar to the $486.5m booked for 2019.
On the conference call Tuesday morning, chief executive Quintin Kneen said the New York-listed company would be operating fewer vessels with lower operating costs.
