Tidewater has offloaded over 130 vessels since 2018 and raised much-needed cash in the process, the latest research shows.
The US offshore vessel owning giant has sold 60 ships for further trading and around 70 vessels for demolition, according to data from VesselsValue.
“Since around 2018, Tidewater has been aggressively selling their non-core tonnage to modernise their fleet,” said Rob Day, head of offshore at the online valuation and market intelligence provider.
