Consolidation is King – Tidewater and Swire Pacific Offshore
Author: Rob Day
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? This article will seek to answer these questions and provide commentary on why this long time coming deal makes sense for both parties.
