Piers Middleton

“Before I talk about each of our region's performance, I will give a quick update on our perspective of the overall market and touch on a couple of themes we have focused on throughout the year and will continue to focus on to build a long-term sustainable business supporting all of our stakeholders.”

“First off, our overall long-term outlook for the offshore space remains positive, and this continued optimism in the long-term strength of the market has helped our teams be successful at either maintaining or pushing both utilization and day rates in most of the basins and vessel classes in which tidewater is active…”

“Before I talk about the market and put some of Quinton and Wes comments into a wider global context, I wanted to mention that we will be releasing our sixth sustainability report in early April.”

“First off, as both Quinton and Wes have mentioned, our overall long-term outlook to the offshore space remains very positive for the OSV market.”

“As those Clinton and West have alluded to, and as we've mentioned on the last couple of calls, the short to medium term outlook for the offshore space remains challenging and while we've seen demand ease back slightly during 2025 we still feel that with the favorable supply story and with one of the youngest fleets in…”