US OSV giant Tidewater (TDW) has taken a pessimistic view of market recovery ahead of a crucial merger vote this week.
CEO John Rynd said: “Our third quarter results reflect a market that is continuing to show signs of improvement.
"Trends in tendering, requests for quotes and customer dialogue are all positive, but we do not expect to see material improvements in activity or average day rates until the second half of 2019 or later.
