
Tidewater Forecasts Improving Market Conditions for Offshore Sector
Tidewater, one of the largest operators of offshore vessels servicing the oil and gas industry, is predicting that the worst of the market downturn is over and expects to see a recovery in the second half of 2021. While they believe that “supply and demand will be tightening up over the next 12 months,” the company has also undertaken an aggressive fleet management program to align with market conditions. “The offshore supply vessel market continues to evolve, and the ability...
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