As oil exploration and production goes, so goes the market for Offshore Service Vessels (OSVs) and Platform Supply Vessels (PSVs). Throughout 2025, the prices of oil- which drives exploration and production (E & P), have softened, moving down towards $60/barrel amidst economic uncertainty and a wider than anticipated opening of the taps by major oil producers.
A fatal incident has occurred aboard one of the vessels of Tidewater, a subcontractor of Equinor, resulting in the death of a crew member.The incident took place on Polaris platform supply vessel (PSV) on June 2, 2025, while the vessel was on the Atlantic Ocean engaged in normal operations.
On Yonges Island, South Carolina, just up the Wadmalaw River from Charleston, the fourth-generation maritime company Stevens Towing Company continues to rewrite its own history. Long known for its towing and barge work, its ship repair business is growing at light speed, transforming what began decades ago as an internal maintenance yard into a dynamic commercial shipyard serving tugs, barges
Digital Dry-Docking: Tidewater Sees 60% Time Savings Using UniSea’s Maindeck AppTidewater is redefining how vessel dry-dockings are managed, estimating up to a 60% reduction in project time after deploying UniSea’s Maindeck digital platform during the recent yard stay of the Highland Prestige at Dales Marine Services in Aberdeen.
Scotland’s largest maritime decarbonization project is now live at the Port of Aberdeen, providing green shore power for vessels at eight berths in the port’s North Harbour.The concept of shore power is simple: allowing vessels to plug directly into power from the port’s renewable energy tariff, instead of running on their own fossil fuel auxiliary engines while at berth
GLO Marine and VMS Group Denmark have secured a multi-vessel retrofit work for offshore support vessel operator Tidewater, expanding their role in the offshore energy sector.Covering 16 vessels across three continents, including several in U.S. waters, the retrofit program marks an important step in both companies’ strategy to provide fleet-scale retrofit solutions to the international offshore
Tidewater has appointed Chris Mack as the company's new Vice President of Marine Operations.Mack brings over two decades of industry experience to the Tidewater team.He earned his Bachelor's degree in Maritime Transportation from the California Maritime Academy and received his Master of Marine Transportation and Engineering Management from California State University Maritime Academy in 2023.
Tidewater has appointed Coulston (Cole) Van Gundy Vice President of Shipyard and Terminal Operations.Van Gundy brings more than 19 years of maritime industry experience to Tidewater. He joins from Crowley, where he most recently served as Vice President of Engineering, leading the engineering services group responsible for civil and marine design, engineering
Tidewater Transportation and Terminals has finalized a contract with Gunderson Marine and Iron, a Portland, Oregon-based shipyard, for the construction of four new liquid refined product barges.The barges will measure 272 feet long, 42 feet wide, and 18 feet 6 inches deep, with a capacity of 20,000 barrels.
Tidewater has announced that its net income for the 12 months ended December 31, 2024 was $180.7 million, compared to $97.2 million for the previous year.The company’s revenue for the three and 12 months ended December 31, 2024 of $345.1 million and $1,345.8 million respectively, compared with $302.7 million and $1,010.0 million, respectively, for the previous year.
Five of Canada’s largest energy-focused industry associations have formed a joint working group to support the push against the threat of a 25% tariff on all Canadian goods from the incoming U.S. President, Donald Trump.The Canadian Association of Petroleum Producers (CAPP), Pathways Alliance, Enserva, the Explorers and Producers Association of Canada (EPAC)