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US offshore carrier Tidewater sold more than 50 vessels in 2020

Tidewater spent 2020 revising its fleet, which resulted in the divestment of more than 50 vessels, shows interim report, in which impairments contributed to a large decifit.

Photo: PR/Tidewater

Offshore carrier Tidewater sold more than 50 vessels in 2020, shows a financial statement from the US company on Friday.

Tidewater sold 56 vessels and "other assets", informs CEO Quintin Kneen, adding up to a total revenue of USD 38.3 million.

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