Tidewater(US:TDW)2025-11-11 14:00Company Overview - Tidewater has the largest OSV fleet in the world, with 209 owned vessels[10] - The company has a significant number of hybrid vessels, totaling 18[10] - Tidewater's fleet has a high specification, with approximately 68% of OSVs meeting high standards[10] - The company boasts strong liquidity, exceeding $680 million[10] - The average age of Tidewater's vessels is 13 years[10] - The company's estimated EBITDA for 2025 is approximately $552 million[10] - Tidewater's market capitalization stands at $2.7 billion[10] - The net debt to 2025E EBITDA ratio is 0.4x[10] Market Overview - Global shipyard capacity has decreased by approximately 57%[67] - Approximately 37% of the active OSV fleet will age beyond 25 years over the next decade[76] Financials - Tidewater refinanced its debt in July 2025, issuing $650 million in senior unsecured notes due in July 2030[95]