Company: TDDWW
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001437749-25-005487
Chunk: 55

Company: TIDEWATER INC
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1A
Chunk 55
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 implement our business strategy, we face risks associated with identifying acquisition targets, integrating any acquisitions or mergers and growing the business from the acquisition.

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      We derive a significant amount of revenue from a relatively small number of customers. 

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     We may not be able to collect amounts owed to us by our customers.

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     Our customer base has undergone consolidation and additional consolidation is possible.

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     The high level of competition in the offshore marine service industry could negatively impact pricing for our services.

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      The rise in production of oil and gas resources could increase supply without a commensurate growth in demand which could negatively impact oil and gas prices. 

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      Maintaining our current fleet and acquiring vessels required for additional future growth requires significant capital. 

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      We may not be able to renew or replace expiring contracts for our vessels. 

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     Early termination of contracts on our vessels could have an adverse effect on our operations and our backlog may not be converted to actual operating results for any future period.

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      We may record impairment charges or other losses related to our vessels. 

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     We may not be able to sell vessels because we may be unable to locate buyers with access to financing or to complete any sales on acceptable terms or within a reasonable timeframe.

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     An increase in vessel supply without a corresponding increase in the working offshore rig count could lead to a decline in the charter day rates we can charge and negatively impact our revenue.

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     Our insurance coverage and contractual indemnity protections may not be sufficient to protect us under all circumstances or against all risks.

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Risks Relating to Our International and Foreign Operations

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      We operate in various regions throughout the world and are exposed to many risks inherent in doing business outside the U.S., including risks associated with foreign corrupt practices laws, acts of piracy, war, terrorist attacks and international hostilities. 

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      Disruptions or disagreements with our foreign joint venture partners could lead to an unwinding of the joint venture. 

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      Our international operations expose us to currency devaluation, exchange and conversion risk. 

Risks Relating to Our Human Capital

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     Failure to attract and retain qualified personnel could impede our operations.

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      We may be subject to additional unionization efforts, new collective bargaining agreements or work stoppages.