Tidewater (marine services)

Last updated
Tidewater Inc.
Company type Public
NYSE:  TDW
Russell 3000 Component
IndustryMarine Transportation
Founded1956
FounderLaborde Family
Headquarters Houston, Texas, USA
Area served
Worldwide
Key people
Quintin V. Kneen
(President, CEO & Director)

RevenueIncrease2.svg US$ 1,346 million (2024)
−63,800,000 ±100000 United States dollar (2020)  OOjs UI icon edit-ltr-progressive.svg
Increase2.svg $ 180 million (2024)
Total assets Increase2.svg $ 2.075 billion (2024)
Total equity Increase2.svg $ 1,115 million (2024)
Number of employees
7,700 - 2024
Website tdw.com
Garza Tide, one of the company vessels Garza Tide107.JPG
Garza Tide, one of the company vessels

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]

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.