After last week’s review of the Tullow/Capricorn merger, and the news that Shell and its partners are proceeding with the Crux project to provide new offshore gas for e ..
Swire Pacific Offshore
COLUMN | What goes around comes around: Mermaid Maritime grows, Ultra Deep Solutions shrinks, whilst ADES and Tidewater close purchases [Offshore Accounts]
Ultra Deep Solutions (UDS), the Singapore based commercial diving company, formerly boasted of operating five of the shiniest and most prestigious dive support vessels (D ..
Tidewater to roll out fleet management software solution fleet wide
Aiming to optimize the lifecycle of its assets, Tidewater (NYSE:TDW) is to implement a harmonized fleet management system (FMS) across its entire fleet.
The move comes as Tidewater is poised to again become the world’s largest operator of offshore service vessels with its acquisition of Swire Pacific Offshore.
The solution selected by Tidewater is the TM Master fleet management software suite from Bergen, Norway, headquartered Tero Marine AS, which is part of the Ocean Technologies Group.
The...
COLUMN | Sale of the century: Tidewater buys Swire Pacific Offshore [Offshore Accounts]
Tidewater has bought Swire Pacific Offshore for US$190 million, as we reported here. The deal will close in a few months, and the Swire fleet was debt-free. The transacti ..
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Swire Pacific Offshore sold to Tidewater
Swire Pacific, through subsidiary Banyan Overseas, has entered into a sale and purchase agreement with US-based company Tidewater for the sale of a 100 per cent interest ..
The post Swire Pacific Offshore sold to Tidewater appeared first on Baird Maritime.
Tidewater to acquire Swire Pacific Offshore
After a long period in which major offshore services sector players have been concentrating on selling off older vessels and high-sizing their fleets, could we about to see some long-overdue industry consolidation? Houston-headquartered Tidewater Inc. (NYSE: TDW) is set to acquire all of the outstanding shares of Swire Pacific Offshore Holdings Limited, a subsidiary of Swire Pacific Limited (HKSE: 0019.HK and 0087.HK), for approximately $190 million.
The move will create the world’s largest...
https://www.marinelog.com/offshore/tidewater-to-acquire-swire-pacific-offshore/
COLUMN | Surprises from the war in Ukraine: BP in Mauritania, P&O Maritime, USM Holdings, Viking Supply Ships, Sevnor, OSM, PXGEO [Offshore Accounts]
Last week (here) we looked at the impact of the horrific Russian invasion of Ukraine. Brent crude closed on Friday at US$118 per barrel. Russian artillery and missiles po ..
COLUMN | Yinson gets big in Brazil, while competitors bleed, and POSH quits Taiwan [Offshore Accounts]
Asian companies have taken a battering in the offshore industry downturn. Singapore’s Ezion and Ezra have gone into liquidation, Malaysian OSV builder and owner Nam Che ..
The post COLUMN | Yinson gets big in Brazil, while competitors bleed, and POSH quits Taiwan [Offshore Accounts] appeared first...
COLUMN | Nothing’s right, I’m torn: Saipem and Sapura face a Natalie Imbruglia moment in offshore wind, as Siemens Gamesa fires its CEO! [Offshore Accounts]
“Illusion never changed into something real,” warbled Australian pop star Natalie Imbruglia in her 1998 global smash hit Torn, a song that catalogues her broken heart ..
COLUMN | Days Five to Eight of Offshore Christmas: Hydrogen and CMB; Swire Pacific Offshore, Sanko and K-Line; Brent Crude; Ammonia, Eidesvik, Fortescue and MMA Offshore [Offshore Accounts]
Not long until Christmas now! As the big day gets closer, you will have seen Cairn Capricorn Energy, Vantage Drilling, North Star, Vard and Shearwater featuring in Part O ..