Tidewater Inc. Common Stock (TDW)

Competitors to Tidewater Inc. Common Stock (TDW)

Borr Drilling Limited

Borr Drilling focuses on the drilling services sector and competes with Tidewater indirectly by servicing similar customers in the oil and gas market. While Tidewater emphasizes support services via its diverse fleet of vessels, Borr Drilling’s niche is its fleet of modern jack-up rigs. Though they cater to the same industry, Borr has been known for competitive pricing and quick deployment capabilities, which allows them to win contracts in markets requiring immediate rig availability.

Hornbeck Offshore Services, Inc.

Hornbeck Offshore Services primarily competes with Tidewater Inc. in the offshore service vessel (OSV) sector by providing marine transportation services to the oil and gas industry. Both companies invest in modern, fuel-efficient vessels and offer similar services including towage and logistics support. However, Tidewater has a larger fleet and more diversified service offerings, which may give it an edge in meeting varied customer needs across different geographic markets.

MarineMax, Inc. 

MarineMax operates primarily in the recreational and marine retail industry, which is adjacent to the commercial focus of Tidewater. Although their primary markets differ—MarineMax focuses on retail while Tidewater provides offshore support services—both companies share a customer base interested in marine solutions. MarineMax may leverage its experience in customer relationships and branding to appeal to commercial clients, but Tidewater dominates with its comprehensive offshore operations and dedicated service in high-demand commercial sectors.

Rowan Companies plc

Rowan Companies operates in the offshore drilling industry, offering drilling services similar to those of Tidewater, which focuses heavily on marine support operations. While both companies service the oil and gas sector, Rowan’s emphasis is on operated and managed rigs, whereas Tidewater provides a broader range of vessel support and logistics. Tidewater’s competitive strength lies in its extensive vessel fleet and operational reach, while Rowan capitalizes on its expertise in drilling technologies.

SEACOR Marine Holdings Inc. 

SEACOR Marine competes with Tidewater by offering marine logistics and marine transportation services geared towards the offshore energy sector. Each company strives to maintain a modern fleet of vessels and offers similar services, including crew boats and supply vessels. Tidewater’s larger fleet size and stronger brand recognition provide it with a competitive advantage in securing long-term contracts with major oil companies.