Offshore

Global capacity shortage boosts offshore carrier Tidewater

Tidewater has acquired 37 vessels from Solstad and continued to grow its revenue and earnings in the second quarter.
Photo: Mikkel Berg Pedersen/JPA
Photo: Mikkel Berg Pedersen/JPA
by JENS THOMSEN

A global shortage of offshore vessels is pushing up rates and is a major factor in the second-quarter performance of offshore vessel operator Tidewater.

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