Consolidation is King – Tidewater and Swire Pacific Offshore

Tongues are wagging in the Offshore sector this week, as one of the longest running rumours in the market has finally come true. Tidewater Marine (USA) has acquired Swire Pacific Offshore (Singapore) for USD 190 mil, the company’s biggest powerplay since its acquisition of GulfMark Offshore back in 2018. But why SPO, and why now? …

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Splashing the cash: Norway’s Biggest Spenders Over the Last Years

Norway 2019 is a very different place compared to a few years ago. However, many of the nation’s shipping and offshore industries have achieved sustained growth through some of the most turbulent times ever faced. Since the last Nor-Shipping in 2017, the number of Norwegian companies owning vessels has increased from 205 to 238. The …

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Global Offshore Layups

Our Head of Offshore Robert Day discusses the first of our global Offshore layups infographics. These will be published once a quarter, so stay tuned! “By observing the figures, we can see the market with the highest layup is the US Gulf.  Even with the increased scrapping seen in this region the US Gulf is …

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