ShippingWatch

US banks stuck with problematic offshore ships

Several US banks, which are not usually strongly exposed to shipping, are in a race against time to find new tenants for several vessels after a restructuring of offshore carrier Tidewater.

Photo: Tidewater

NEW YORK

Several US banks were thrown into a race against time to find new charterers for vessels, due to the financial struggles of one of the world's largest offshore carriers, Tidewater.

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