Tidewater: Offsetting Lower Utilization Rates With Higher Pricing
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Tidewater, a major player in the offshore service vessels (OSV) industry, is countering lower utilization rates by increasing pricing. The company has expanded its fleet to 216 vessels through acquisitions of Swire Pacific Offshore and Solstad Offshore. The OSV industry's order book is about 3% of the global fleet.
December 07, 2024 | 12:30 pm
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Tidewater is addressing lower utilization rates by increasing pricing, following its expansion through acquisitions of Swire Pacific Offshore and Solstad Offshore. This positions Tidewater as the largest player in the OSV industry.
Tidewater's strategy to offset lower utilization rates with higher pricing, combined with its recent acquisitions, strengthens its market position. This is likely to positively impact its stock price in the short term.
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