Tidewater (marine services)

Tidewater Inc.
Company typePublic
NYSETDW
Russell 3000 Component
IndustryMarine Transportation
Founded1956
FounderLaborde Family
HeadquartersHouston, Texas, US
Area served
Worldwide
Key people
Quintin V. Kneen
(President, CEO & Director)

Revenue US$ 1,346 million (2024)
−63,800,000 ±100000 United States dollar (2020) 
$ 180 million (2024)
Total assets $ 2.075 billion (2024)
Total equity $ 1,115 million (2024)
Number of employees
7,700 - 2024
Websitewww.tdw.com

Tidewater, Inc. is a publicly traded international petroleum service company headquartered in Houston, Texas, U.S. It operates a fleet of ships, primarily providing vessels and marine services to the offshore petroleum and offshore wind industries.

The company was founded in 1956 by a group of investors led by the Laborde family.[1]

Tidewater created the "work boat" industry with its 1956 launch of the Ebb Tide, the world's first vessel tailor-made to support the offshore oil and gas industry.[2] Today, Tidewater is the leading and most experienced provider of OSVs in the global energy industry.

Tidewater has a global footprint, with over 90% of its fleet working internationally in more than 60 countries.[3] Around the world, Tidewater transports crews and supplies, tow and anchor mobile rigs, assists in offshore construction projects and performs a variety of specialized marine support services.[4]

Quintin V. Kneen is the company's president, CEO & Director.[5][6]

In 2017, the company filed for Chapter 11 bankruptcy protection.[7]

References

  1. ^ "John P Laborde, offshore icon and former Tidewater CEO, dies at 97". Riviera. Retrieved 2025-09-20.
  2. ^ "Ebb Tide - Shipping Today & Yesterday Magazine". Shipping Today & Yesterday. 2019-03-12. Retrieved 2025-09-20.
  3. ^ Ahmed, Zahra (2025-03-17). "10 Major Offshore Shipping Companies". Marine Insight. Retrieved 2025-09-20.
  4. ^ "Bloomberg Profile". Bloomberg News.
  5. ^ "Insider Sale: Tidewater Inc (TDW) Director, President & CEO Quintin Kneen Sells 367,094 Shares". Yahoo Finance. 14 June 2024.
  6. ^ Lin, Ed. "Tidewater CEO, Director Buy $3 Million of Stock". barrons. Retrieved 2025-01-23.
  7. ^ "Tidewater, Offshore Oil-Services Co., Files for Bankruptcy". Bloomberg Law. 2017-05-18. Retrieved 2026-02-09.