Page 59: of Marine News Magazine (August 2019)

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vember 2017.

Now the larger, better-? nanced Tidewater, which oper- ates a mixed ? eet of US- and foreign-? agged vessels in all key markets globally, is well positioned to operate within the still-challenged OSV market. While it’s a long road back to the OSV glory days, operators have begun to see the signs of market improvement, including the rising rig count and upward trending oil price. Tidewater has the ? nancial power it will need to reactivate stacked vessels when the time comes

VesselValue's head of offshore, Robert Day, told this writer in a recent interview that Tidewater is “one to watch” post-Chapter-11 and post-merger. “Once more in a comfortable position ? nancially, Tidewater has an ad- vantage over its competitors in that rates and purchasing moves can be both aggressive and competitive,” Day said.

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