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Offshore drilling downturn takes toll on Tidewater
Martyn Wingrove - Tuesday 2 February 2010
US-based offshore vessels owner Tidewater saw its profits almost halved in the last three months of 2009 in reaction to the global slump in demand for its ships.
The New York-listed company, which is the owner of the world’s largest fleet of offshore support vessels, said its profits for the final quarter of last year were $60m compared with ...
