Tidewater Marine News


Germany's AQUOS and Scotland's Swift Anchors Unite as SCHOTTEL Marine Technologies

Sep 05, 2023

SCHOTTEL Marine Technologies said Tuesday it was integrating its operations to exploit the growing business opportunities in offshore renewables, and in particular within the floating offshore wind sector. The floating offshore wind sector is…

The Resurgence of the OSV Industry: From Trough to Triumph

Aug 31, 2023

The offshore supply vessel industry has weathered a tumultuous decade characterized by a prolonged trough that tested the resilience of vessel owners. However, the tides have turned, and the industry is now experiencing a strong and much-awaited revival…

Solstad Offshore Wraps $580M Sale of PSV Fleet to Tidewater, Exiting the Business

Jul 05, 2023

Norwegian offshore vessel operator Solstad Offshore has officially exited the platform supply vessel business.Namely, the company on Wednesday completed the sale of its PSV fleet to the U.S. offshore vessel firm Tidewater for approximately $580 million…

Tidewater Appoints Dick H. Fagerstal Chairman of the Board

Jun 29, 2023

Tidewater has appointed Dick H. Fagerstal non-executive Chairman of the Board.In addition, the Board has reduced the size of the Board from nine to eight members.Fagerstal stated, “I am honored to assume the role of Chairman of the Board of Tidewater at such an exciting time for our industry…

Sale of 37 PSVs to Tidewater: Solstad Offshore's Exit from PSV Sector Imminent

Jun 28, 2023

Norwegian offshore vessel owner Solstad Offshore has revealed the expected completion date for its previously agreed sale of 37 platform supply vessels to the U.S. offshore vessel firm Tidewater.Solstad Offshore in March said it would sell 37…

Engine Overhaul for Tidewater PSV in Aberdeen

Jun 19, 2023

Marine engineering and propulsion specialist Royston has completed the rapid overhaul of a diesel power plant system onboard a Tidewater Marine operated platform support vessel.Royston engineers undertook the 18,000 running hours service of a Scania DI12 harbor generator…

Sperry Marine to Deliver Navigation Systems for SAL Heavy Lift's New Vessels

Jun 06, 2023

Sperry Marine has secured the contract to deliver complete navigation systems including its VisionMaster Net bridge, NAVIGAT gyrocompass, and NAVIPILOT 4500N autopilot for four vessels under construction for SAL Heavy Lift at WuHu shipyard, China…

Larry Rigdon Retires from Tidewater Board

Apr 27, 2023

U.S.-based Tidewater, one of the world's largest owners of offshore support vessels, announced Thursday that Larry T. Rigdon has chosen not to stand for reelection as non-executive chairman and will retire from the board at the company's annual stockholders meeting on June 26…

Chevron Relinquishes Offshore Oil and Gas Permits in Western Canada

Apr 14, 2023

Chevron Canada said Thursday it was voluntarily relinquishing 19 offshore oil and gas permits on Canada's west coast.The licenses are located within the Scott Islands marine National Wildlife Area and the Hecate Strait and Queen Charlotte Sound Glass Sponge Reefs Marine Protected Area (MPA)…

Sembcorp Marine Proposes Name Change Following Merger with Keppel Offshore & Marine

Apr 03, 2023

Singapore-based Sembcorp Marine said Monday it was proposing to change its name from “Sembcorp Marine Ltd” to “Seatrium Limited.'This follows the completion of the combination of the company's businesses and Keppel Offshore & Marine Ltd on February 28…

Solstad Offshore Offloads Far Sabre AHTS

Mar 14, 2023

Norwegian offshore vessel owner Solstad Offshore has sold the anchor-handling tug supply vessel Far Sabre for an undisclosed fee.The 2008-built vessel has been in layup since 2019. Delivery of the vessel to the new owner took place on Tuesday…

Solstad Offshore to Exit Platform Supply Vessel Business. Agrees to Sell 37 Vessels to Tidewater

Mar 07, 2023

Norwegian offshore support vessel owner Solstad Offshore has agreed to sell 37 platform supply vessels to the U.S. firm Tidewater for $577 million.The sale will mark Solstad Offshore's exit from the platform supply vessel sector. Ongoing PSV charter parties will be transferred to Tidewater…

Strategic Marine, HST Marine Pen MoU for Construction of Three CTVs

Feb 21, 2023

Aluminium vessel builder Strategic Marine has signed a memorandum of understanding with Purus Wind’s UK-based crew transfer vessel owner HST Marine, to build three Brevity-class crew transfer vessels. The agreement binds the two parties to negotiations…

HST Marine's Second Hybrid-Electric CTV Welcomed by British Maritime Leaders

Feb 10, 2023

Offshore crew transfer firm HST Marine has welcomed the arrival of its new UK-built hybrid-electric crew transfer vessel (CTV), HST Frances.The ceremony was attended by Nusrat Ghani MP, UK Minister of State (Dept. for Business and Trade and…

Marco Polo Marine Eyes Offshore Wind Work in Japan

Dec 06, 2022

Marco Polo Marine, a Singapore-listed offshore vessel company, is looking to enter the Japanese offshore wind market and has signed a memorandum of understanding with 'K' Line Wind Service in that regard.Both parties, according to Marco Polo Marine…

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