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Gold/Mining/Energy : Trico Marine Services (TMAR)
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To: D.J.Smyth who wrote (449)6/19/1998 6:03:00 PM
From: D.J.Smyth  Read Replies (1) of 1153
 
one other comment <<Tidewater. but looking at it closer, Tidwater, over the next three years is looking at retiring 20% of their fleet in the gulf due to age, and this process will continue over the next ten years.>> what i should have said is that Tidewater is looking at total replacement of their aging fleet, such that even Tidewater can't operate profitably at $4,500 as replacement costs for new vessels are $7200 to $7700 depending on the vessel.
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