Despite the spread of the Delta variant of Covid-19, Tidewater is seeing improvement in the offshore sector.
The Houston-based, New York-listed company reported a $29.5m loss for the three months to 30 June.
The performance was better than the second quarter of 2020, when the company reported a $110m loss, and narrower than the first quarter's $35.3m loss.
Chief executive Quintin Kneen said the improvement in the sector saw the company reactivate seven ships for use in Europe, the Mediterranean and West Africa during the quarter.
