Tidewater Marine, the American offshore vessel giant, has had a clear out of comparatively youthful tonnage. Across multiple broking reports, the youngest vessels sent for scrap in the past week have all belonged to Tidewater. Four anchor handlers – Big Joe Tide, Du Moulin Tide, Menendez Tide and Mahnka Tide – have all been sent for demolition. The vessels were built in 2005 and 2006, with Tidewater getting a price of $150 per ldt.
Tidewater, which took over GulfMark Offshore 11 months ago, has been led by John Rynd since March last year. Its giant fleet today numbers 169 OSVs, down by nearly 80 vessels since its GulfMark merger. It also has six vessels on order.
