Thanks for the info, Ian. The news about the disposal need not automatically imply scrapping, but in this day and age it can be on top of the list...

The age of this ship raised my eyebrows, as did the location of scrapping: "Richard Tide" worked mostly in India, but did not end up at Alang or Chattogram. Going all the way to South Korea to be scrapped perhaps means that there was some other deal involved (selling to the Russians?), but it didn't work out...

Cheers

Vlad

This is from the 4-3-2020 Vlad, too many vessels competing for work that has dried up, Offshore supply vessel operator Tidewater plans to dispose of 46 vessels in an attempt to improve its balance sheet. Despite improving market conditions and a 20% hike in revenue, the company recorded a net loss of USD 141.7 million in 2019.