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Dean Taylor News

05 Dec 2012

Tidewater Well Positioned After Spending On Deepwater Vessels

Global demand driving consistent year-over-year profits for Tidewater. A more modern fleet riding a rising tide should continue that trend, analysts and company officials say. Tidewater Inc., based in New Orleans, has invested in deepwater, platform supply vessels in recent years, a move that looks to be paying off as demand for those boats improves during a rush to build deep-ocean rigs. The company provides offshore supply vessels and marine support services for the world’s energy industry.

26 Jun 2012

Changing of the Guard at Tidewater Inc.

Jeff Platt assumed the role of  CEO of Tidewater Inc. earlier this month. (Photo: Tidewater)

Dean Taylor bid farewell to his post as Tidewater Inc.'s chief executive officer on May 31, following a prosperous, far-flung career of 34 years at the New Orleans-based company. Chief Operating Officer Jeff Platt, who has worked side by side with Taylor for fifteen years, took the helm. And Jeff Gorski was named the new COO. In his decade as chief, Taylor guided Tidewater's fleet expansion. The company has poured hundreds of millions of dollars yearly into an energetic building-and-acquisition effort.

18 Apr 2012

Tidewater CEO Taylor to Retire

(Image: Courtesy Tidewater Inc. www.tdw.com)

Tidewater Inc. (NYSE:TDW) announced today that Dean Taylor, its President and CEO since March 2002, will retire as an executive officer of the company effective May 31, 2012, after a 34-year career with Tidewater. Mr. Taylor will remain on the Board of Directors, and serve as Tidewater’s non-executive Chairman of the Board. Jeffrey M. Platt will become Tidewater’s new President and CEO effective June 1, 2012. Platt has been Tidewater’s COO, overseeing Tidewater’s domestic and international marine operations, since July 2006.

21 Feb 2012

Tidewater PSV Named For New Orleans Native Cindy Brown

(Credit: Skeets Photo Service)

Platform supply vessel Cindy Brown Tide was delivered to offshore-service giant Tidewater on Oct. 24, and chartered to oil company BP in the Gulf of Mexico. The boat's namesake is someone missed by many. "The vessel was named for Cynthia Niklaus Brown, a wonderful woman who passed away in late 2009 in Houston after being diagnosed with cancer," said Joseph Badeaux, general manager and vice president at Houma, La.-based Quality Shipyards, a subsidiary of Tidewater. Brown, a New Orleans native…

04 Jun 2010

Gulf Oil Spill: Ships Face Few Delays

Commercial tugboat Janet Colle pressure washes the exterior of USCGC Harry Claiborne (WLM 561) of residual oil after an oil clean up mission. Claiborne is equipped with a Vessel of Opportunity Skimming System (VOSS) to help remove oil from the ocean surface. (U.S. Navy photo by Mass Communication Specialist 2nd Class (AW/SW) Jonathen E. Davis)

As oil from BP's sub-sea well laps coastal Louisiana, most ships in the Gulf have avoided contact with the spill but owners fear that regulations will be tightened after the disaster, raising their costs. “We've seen no delays from the spill, and it hasn't affected the operations of any of our ships,” said Dean Taylor, president of Tidewater Inc. in late May. Four vessels owned by Tidewater, which is headquartered in New Orleans, have been involved in recovery efforts. The company's work boat Damon B.

19 Apr 2010

Willingham Joins Tidewater’s Management Team

Photo courtesy Tidewater

Tidewater Inc. (NYSE: TDW) announced that Deborah Willingham has joined Tidewater as Vice President and Chief Human Resources Officer. Willingham will report to Chairman, President and CEO Dean Taylor, and will be responsible for worldwide Human Resources for the company. Willingham joins Tidewater with over 25 years of Human Resource experience, most recently as Vice President of Human Resources for BMC Software, which she joined in 2006. Prior to that, she had similar responsibilities with Hewlett Packard, Compaq Computers and Motorola.

02 Sep 2009

Tidewater to Purchase ROV, Construction Vessel

Tidewater Inc. (NYSE: TDW) announced that it has reached an agreement with Aquanos AS for the purchase of the multi-purpose ROV and light construction vessel Aquanos Enabler, currently under construction at STX Europe shipyard in Brevik, Norway. The 311-ft, diesel electric vessel, which is expected to be delivered in January 2010, is equipped with a 100 ton active heave compensating crane, accommodations for 69 persons, firefighting equipment (Fifi I), DP2, a moonpool and a helideck. The vessel also has the cargo capabilities to operate as a large platform supply vessel. Dean Taylor, Tidewater’s Chairman, President and CEO, stated, “We are excited by the opportunity to acquire this vessel with its broad range of capabilities…

31 Jul 2008

Fanning Joins Tidewater

Tidewater Inc. announced that Quinn P. Fanning has joined Tidewater as Executive Vice President. Mr. Fanning will report to Chairman, President and CEO Dean Taylor and is expected to assume the duties of Chief Financial Officer of Tidewater upon the retirement of J. Keith Lousteau, which as previously announced, is anticipated on September 30, 2008. Fanning joins Tidewater following more than 20 years within the financial services industry. Most recently, Fanning was a Managing Director with Citigroup Global Markets Inc., which he joined in 1996. In his 12-year investment banking career, he primarily focused on the energy industry, particularly the oilfield services and midstream/pipeline sectors.

20 Dec 2007

Tidewater to Invest in Aging Fleet

New Orleans-based Tidewater Inc., operator of the world’s largest fleet of offshore supply vessels, plans to invest between $300m and $500m annually through 2011 to renew its vessels. Tidewater CEO and Chairman Dean Taylor made the announcement, saying the investment would position the company to take advantage of growing opportunities in international markets. The company recently accepted 16 new vessels and plans to receive another 50 by 2011. About 75 percent of the company’s fleet – 321 vessels – were built prior to 2000 and have an average age of 25 years. In addition to building new vessels, Tidewater also is considering purchasing vessels from other companies or acquiring competitors to replenish its fleet.

01 Apr 2002

Tidewater CEO Steps Down; Dean Taylor Takes Over

William C. O'Malley, chairman, president and CEO of Tidewater, Inc. has officially given up his post as CEO of the New Orleans-based company - handing over the title to Dean E. Taylor. Taylor, who has served as Tidewater's president since October 2001, when O'Malley first announced his impending retirement, began his career with Tidewater more than 20 years ago as an assistant manager in the company's Morgan City, La. office. He eventually worked his way up to executive vice president in December 2000; less than one year later it was decided that he would serve as O'Malley's successor. O'Malley, who has been with Tidewater since 1994, will continue to serve as the company's non-executive Chairman until July 2003.

09 May 2002

Tidewater Signs Construction Contract

Tidewater Inc. announced today that it has entered into a $45 million construction contract with Bollinger Shipyards Lockport LLC for the construction of four (4) offshore supply vessels. The high performance, high capacity 207-foot platform supply vessels will be delivered during the period beginning in October 2003 and ending in May 2004. Prior to entering into the contract, Donald T. "Boysie" Bollinger, chairman and C.E.O. of Bollinger Shipyards, Inc., resigned from his position as a director of Tidewater. Dean Taylor, C.E.O. and president of Tidewater, commented, "It is with mixed emotions that we are making these announcements.

10 Jan 2005

Feature: Rigdon's on the Point

A recent visit to New Orleans afforded MR a chat with Larry Rigdon, a man who has stirred controversy and heated debate among offshore vessel providers, while steadfastly building what is far from the largest but arguably the finest fleet of boats serving the offshore market. Politics, Money & Competition: By all accounts, Larry Rigdon has had an interesting run through his mid-50s. While thoughts of the majority of men his age are turning to 401K values and retirement, Rigdon decided to design and build a fleet of ten 210- x 54- x 19-ft. diesel-electric platform supply vessels, vessels designed to offer the offshore market an unprecedented level of performance via an adherence to top technical specification.

03 Feb 2005

Global Shipping Forces Converge in NY

Globalization of shipping will be the theme of the 11th annual Hellenic-American and Norwegian-American annual conference. Entitled “Shipping without Borders: Has National Identity Become Irrelevant?”, the conference will be held on Thursday, February 10th at the New York Helmsley Hotel starting at 0815 with conference registration.. The conference will explore developments and shifts in the international maritime community, and how they relate to doing business in America. Comparative Greek and Norwegian perspectives on identity…

14 Mar 2005

Tidewater Sells Six Vessels

Tidewater has entered into a Letter of Intent to sell up to six of its KMAR 404 class of Anchor Handling Towing Supply vessels. The sale price, if all six vessels are ultimately sold, will amount to $202,000,000 and result in a reported financial gain of approximately $80,000,000. The transaction, as structured, calls for multiple closings throughout 2005 on five of the vessels as they end existing charters. The sixth vessel will be sold during 2005 if certain conditions are attained. Culmination of the transaction is subject to the buyer's inspection of the vessels and its securing adequate financing during the period ending April 1, 2005, and the parties entering into a definitive agreement by April 15, 2005.

31 Oct 2007

International Markets Keep Tidewater Earnings Strong

New Orleans-based Tidewater Inc. reported its second quarter earnings recently, citing improving rental rates throughout international markets. During the quarter that ended Sept. 30, Tidewater posted net earnings of $86.5m, or $1.56 per share. In the same period a year ago, the company reported net earnings of $104.2m, or $1.86 per share. The higher earnings a year ago were boosted by the sale of 11 vessels. Tidewater officials said improving rental rates are keeping the company on a growth track now. “This trend should be a positive for Tidewater’s outlook, because over 85 percent of our revenues come from international markets,” said Dean Taylor, the company’s chairman and CEO.

25 Sep 2007

Lundstrom Joins Tidewater

Tidewater Inc. said that Bruce D. Lundstrom has joined Tidewater as Senior Vice President, General Counsel and Secretary. Lundstrom, who will report to Chairman, President and CEO Dean Taylor, will be responsible for the Legal, Insurance and Human Relations/Benefits staffs of the company, and will also act as Tidewater's Chief Compliance Officer. He joins Tidewater following a ten-year career within the oil and gas industry. In his most recent position at Prisma Energy International Inc. as Senior Vice President and General Counsel. Tidewater Inc. owns 454 vessels, the world's largest fleet of vessels serving the global offshore energy industry.

19 Jun 2007

Morovich Joins Tidewater's Senior Management Team

Tidewater Inc. announced that Nancy Morovich has joined Tidewater as senior vice president. Morovich, who will report to Chairman, President and CEO Dean Taylor, will be responsible for strategic planning and analysis activities required to support the company's growth and business development initiatives, including potential mergers and acquisitions. She will also oversee Tidewater's information technology activities, and be involved in corporate compliance efforts. Morovich joins Tidewater following a 15 year career with Entergy Corporation where she held various positions in the finance organization. In her most recent position as Vice President, Planning and Financial Communications, she oversaw strategic planning, corporate planning and investor relations activities.

09 Jun 2003

People & Company News

Michael Carthew, President, Chevron Texaco Shipping and Dean Taylor, President and CEO, Tidewater Marine were elected to the ABS Board of Directors, by the ABS Council, following yesterday's Annual Members Meeting of the classification society in New York. General Dynamics announced the appointment of John F. "Dugan" Shipway, 60, as president of Bath Iron Works, reporting to Michael W. Toner, executive vice president of General Dynamics Marine Systems group. Shipway succeeds Allan C. Cameron, 57, who has announced his retirement. Cameron had been president of Bath Iron Works since 1996. Edwin W. Stephan, a founder and former longtime president and vice chairman of Royal Caribbean Cruises Ltd., will retire from the Board of Directors following the company's May 20 annual meeting in Miami.

30 Apr 2003

ABS Elects Carthew and Taylor to Board

Michael Carthew, President, Chevron Texaco Shipping and Dean Taylor, President and CEO, Tidewater Marine were elected to the ABS Board of Directors, by the ABS Council, following yesterday's Annual Members Meeting of the classification society in New York. Both have been associated with the governance of ABS, having previously served on the classification society's Council.

27 Sep 2005

Tidewater Reports No Damage from Rita

Tidewater announced that it has not experienced any injuries to its personnel, or any damage or interruption of service to any of its vessels currently serving the oil and gas industry in the Gulf of Mexico as a result of Hurricane Rita. The Company's main operational base in Amelia, Louisiana was also unaffected except for limited power and telephone outages. The Company does not expect that there will be any material impact on its ability to respond to customer needs or to its ability to fulfill current contract commitments as a result of either Hurricanes Katrina or Rita. No international operations of the Company were affected by Hurricanes Katrina and Rita.