Post by Baird Maritime

OFFSHORE ACCOUNTS: "The main attraction for Tidewater, though, might be that buying Seacor could solve Tidewater’s longstanding succession problem for its energetic but seasoned CEO, Quintin Kneen. Mr Kneen is a ruthless industry legend. Part of his ruthlessness has been ensuring that there is no obvious internal successor in Tidewater. "As a result, Tidewater’s talent pipeline has been a little meagre. It promoted several of the Swire Pacific Offshore managers from its 2022 acquisition to senior roles as managing directors, and recently, it poached the head of offshore from the brokerage Clarkson in London. As a Jones Act company, Tidewater can only be run by an American, however. "Buying Seacor lock, stock and barrel would provide Tidewater with access to Seacor’s leadership. Could we speculate that Seacor’s John Gellert might be the perfect successor to Mr Kneen, and that buying Seacor might be the best way for Tidewater to buy some younger talent as well as some younger ships?" https://lnkd.in/eXNhM9cC