Search results for: Tidewater

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A list of search results

  • 18 April 2012
    Business & Finance

      Tidewater Inc. announced today that Dean Taylor, its President and Chief Executive Officer since March 2002, will retire as an executive officer of the company effective May 31, 2012, after a 34-year career with Tidewater. Mr. Taylor will remain on the Board of Directors, and serve as Tidewater’s non-executive Chairman of the Board. Mr. […]

  • 23 September 2007

    Tidewater Inc. (NYSE:TDW) announced today that Bruce D. Lundstrom has joined Tidewater as Senior Vice President, General Counsel and Secretary. Mr. Lundstrom, who will report to Chairman, President and CEO Dean Taylor, will be responsible for the Legal, Insurance and Human Relations/Benefits staffs of the company, and will also act as Tidewater’s Chief Compliance Officer.

  • 12 April 2011
    Business & Finance

      Tidewater Inc.  recently announced the promotions of Nelson Greer, Mark Handin and Darren Vorst to Vice Presidents of Tidewater companies, effective April 1, 2011. Mr. Greer joined Tidewater in 1982, after completing 13 years in the British Merchant Marine. He completed the Harvard Business School General Management Program in 2006, and holds a Chief […]

  • 12 March 2012
    Business & Finance

    Tidewater Inc.  announced today the following update with respect to its negotiations with Sonangol, the national oil company of Angola, regarding Sonatide, the joint venture between Sonangol and Tidewater through which Tidewater markets its boat services to energy companies for operation in the waters offshore Angola. Tidewater has a 49% ownership interest in Sonatide. The […]

  • 4 December 2013
    Business & Finance, Equipment

    FMC Technologies, Inc. announced that it has received an order from Tidewater Subsea (Tidewater) to supply a fleet of six work-class ROV systems for its subsea operations business. The ROV systems will be supplied by FMC Technologies’ Schilling Robotics business unit and are expected to be delivered before the end of 2013. The contract value […]

  • 12 May 2017

    Tidewater, one of the world’s largest offshore vessel owners, has entered into a debt restructuring support agreement with certain consenting creditors. The U.S.-based vessel company has entered into the deal with lenders under its Fourth Amended and Restated Revolving Credit Agreement, dated as of June 21, 2013, and holders of Tidewater Senior Notes to put […]

  • 15 May 2013
    Business & Finance

    Tidewater Inc., through a wholly-owned subsidiary, has entered into an agreement with HitecVision to purchase Troms Offshore Supply AS for approximately $395 million. The acquisition of Troms Offshore, headquartered in Tromsø, Norway, will expand Tidewater’s global footprint into the Norwegian sector of the North Sea and supplement Tidewater’s experience and vessel fleet operating in harsh […]

  • 8 July 2014
    Business & Finance, Equipment

    FMC Technologies, Inc. has announced that it has received an order from Tidewater Subsea, L.L.C. for two new UHD-III remotely operated vehicles (ROVs) from its Schilling Robotics business unit. The ROV systems are expected to be delivered in fourth quarter of 2014. Leveraging Tidewater’s global footprint, Tidewater will provide complete solutions to a growing customer base […]

  • 18 May 2017

    U.S. offshore support vessel owner Tidewater has filed voluntary petition under Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the District of Delaware. The move is intended to help Tidewater pursue a prepackaged plan of reorganization in accordance with its previously announced restructuring support agreement (the “RSA”) with certain lenders to “effectuate a […]

  • 11 January 2013
    Business & Finance

    STX OSV Holdings Limited (“STX OSV”), one of the major global designers and shipbuilders of offshore and specialized vessels, announced that Tidewater Inc. (“Tidewater”) has acquired contracts for three Platform Supply Vessels (PSVs) under construction at STX OSV in Norway. STX OSV had originally secured the contracts for the design and construction of three vessels […]

  • 13 August 2006

    Tidewater (TDW – commentary – Cramer’s Take) said Friday it agreed to sell 14 of its offshore tugs to Crosby Marine Transportation. The company said the sale will result in cash proceeds of $44.8 million and a gain of $22 million, or 38 cents a share. The sale will have a negligible effect on future […]

  • 8 July 2014
    Equipment, Project & Tenders

    FMC Technologies, Inc. announced that it has received an order from Tidewater Subsea, L.L.C. for two (2) new UHD-III remotely operated vehicles (ROVs) from its Schilling Robotics business unit. The ROV systems are expected to be delivered in fourth quarter of 2014. Leveraging Tidewater’s global footprint, Tidewater will provide complete solutions to a growing customer […]

  • 16 November 2018
    Business & Finance

    Houston-based offshore support vessel owner Tidewater has completed its business combination with its compatriot GulfMark Offshore.

  • 14 August 2018

    Canada’s Horizon Maritime has added a new multifunctional offshore support vessel to its Canadian fleet.

  • 4 September 2019

    Former Gulfmark chief executive takes over Tidewater CEO role

  • 16 March 2015
    Business & Finance

    Oil service company Tidewater is set to receive around USD 46 million plus interest and partial legal costs from Venezuela for the expropriation of its business and ships. The compensation payment has been ordered by the International Center for the Settlement of Investment Disputes (ICSID), a World Bank tribunal, Reuters reports citing a statement from Venezuelan government. Venezuelan authorities […]

  • 14 July 2017

    Tidewater, one of the world’s largest offshore vessel owners, has had its reorganization plan, which would eliminate $1.6 billion in debt, confirmed by the court.  According to Tidewater, the United States Bankruptcy Court for the District of Delaware has confirmed the company’s reorganization plan announced in May (https://bit.ly/2q99UnA), that, among other things, included Tidewater and some […]

  • 1 August 2017

    Offshore vessel owner Tidewater has emerged from bankruptcy after completing its reorganization.  Through its reorganization plan, Tidewater eliminated approximately $1.6 billion in principal of outstanding debt, and considering the rejection of certain sale-leaseback agreements, Tidewater estimates that interest and operating lease expenses will be reduced by approximately $73 million annually. “The company believes that its […]

  • 15 April 2013

    LEEVAC Shipyards Jennings LLC, Jennings, LA, has signed contracts with Tidewater Marine, LLC of New Orleans, LA to build two (2) LEEVAC Design Services “LDS ” Platform Supply Vessel (PSV), a 300’ x 62’ x 24’ diesel electric PSV with options for two additional vessels. “We are very excited to have another opportunity to build […]

  • 4 December 2013
    Business & Finance, Equipment

    FMC Technologies, Inc.  announced today that it has received an order from Tidewater Subsea (Tidewater) to supply a fleet of six work-class ROV systems for its subsea operations business. The ROV systems will be supplied by FMC Technologies’ Schilling Robotics business unit and are expected to be delivered before the end of 2013. The contract […]

  • 16 October 2017
    Business & Finance

    The CEO of U.S. offshore support vessel owner Tidewater has chosen to retire from his roles as CEO, president, and director of the company, effective October 15, 2017. The company said on Monday that, after Jeffrey M. Platt, the company’s CEO, president, and director retired, Larry T. Rigdon was appointed as the interim CEO and […]

  • 7 October 2010
    Business & Finance

    Tidewater Inc. announced today that it has entered into a contract with Drydocks World for the construction of four 265-foot deepwater platform supply vessels at its shipyard in Batam, Indonesia. The delivery of these high-performance, high-capacity, 3,200 metric ton deadweight platform supply vessels is estimated to begin in April 2012 and conclude in late 2012. […]