Tidewater forecasts improvement despite new loss

US offshore carrier Tidewater came out of the first half of the year with another loss and is still selling off ships. The management forecasts an improvement of the market in the second half of the year.

Photo: PR/Tidewater

US offshore carrier Tidewater eyes improvement in the hard-pressed offshore market despite continued losses in the first half of 2021.

The revenue fell to USD 174 million in the first six months of the year against USD 219 million in the same period last year. The half-year deficit came to around USD 65 million against a loss of USD 129 million in the first half of 2020.

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