Tidewater AHTS fleet clearcut gathers pace

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.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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