Offshore carrier Tidewater plunges on risk of bankruptcy

The statement from US-based offshore carrier Tidewater that the company is considering filing for bankruptcy protection sent its stock plunging Monday on the New York Stock Exchange.

by OLE ANDERSEN

US-based supply carrier Tidewater dives big-time on the New York Stock Exchange after a statement informing that the company considers filing for bankruptcy protection under US Chapter 11 legislation.

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Offshore carrier Tidewater plunges on risk of bankruptcy

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Offshore behemoth Tidewater books major loss

Idled supply vessels bring the spot market near balance

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Sign up for our newsletter

Front page now

Maritime & Merchant notes fierce competition in loans for shipping

14 arrested at demonstration in front of Maersk headquarters

Norwegian car carriers bag multi-year contracts

IMO's fossil fuel ban in the Arctic faces criticism

Record influx of container ships this year will not cause trouble until 2025

Cosco and CMA CGM expect further pressure on major European ports

Kuehne+Nagel triggers unrest among staff with new management structure

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Less than one percent of the container fleet is currently idle

Congestion in Asian ports is now as bad as during Covid

Analysis: Capesizes have become too expensive despite strong market

UK Chamber of Shipping calls for more trade-friendly policies

Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Analysis: Capesizes have become too expensive despite strong market

Jobs