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INVESTMENT IN UNCONSOLIDATED COMPANIES (Tables)
12 Months Ended
Dec. 31, 2019
Equity Method Investments And Joint Ventures [Abstract]  
Schedule of Investments in at Equity and Advances to Unconsolidated Companies

Investments in, at equity, and advances to unconsolidated joint venture companies were as follows:

 

 

 

 

 

 

 

 

 

 

 

Percentage

 

 

December 31,

 

 

December 31,

 

(In thousands)

 

Ownership

 

 

2019

 

 

2018

 

Sonatide Marine, Ltd. (Angola)

 

49%

 

 

$

 

 

$

 

DTDW Holdings, Ltd. (Nigeria)

 

40%

 

 

 

 

 

 

1,033

 

GulfMark Marine, Ltd. (Trinidad)

 

49%

 

 

 

 

 

 

6

 

Investments in, at equity, and advances to

   unconsolidated companies

 

 

 

 

 

$

 

 

$

1,039

 

Schedule of Balances with Unconsolidated Affiliates

We maintained the following balances with our unconsolidated affiliates as of December 31, 2019 and December 31, 2018:

 

 

 

 

 

 

 

December 31,

 

 

December 31,

 

(in thousands)

 

2019

 

 

2018

 

Due from related parties:

 

 

 

 

 

 

 

 

Sonatide (Angola)

 

$

89,246

 

 

 

109,176

 

DTDW (Nigeria)

 

 

36,726

 

 

 

23,775

 

 

 

 

125,972

 

 

 

132,951

 

Due to related parties:

 

 

 

 

 

 

 

 

Sonatide (Angola)

 

$

31,475

 

 

 

29,347

 

DTDW (Nigeria)

 

 

18,711

 

 

 

5,625

 

 

 

 

50,186

 

 

 

34,972

 

Due from related parties, net of due to related parties

 

$

75,786

 

 

 

97,979

 

Schedule of Amounts Due from Affiliate

Amounts due from Sonatide

 

 

Successor

 

 

 

Predecessor

 

 

 

 

 

 

 

 

 

 

 

Period from

 

 

 

Period from

 

 

 

Year

 

 

Year

 

 

August 1, 2017

 

 

 

April 1, 2017

 

 

 

Ended

 

 

Ended

 

 

through

 

 

 

through

 

(In thousands)

 

December 31,

2019

 

 

December 31,

2018

 

 

December 31,

2017

 

 

 

July 31,

2017

 

Due from Sonatide at beginning of year

 

$

109,176

 

 

$

230,315

 

 

 

252,393

 

 

 

 

262,652

 

Revenue earned by the company through Sonatide

 

 

52,372

 

 

 

56,916

 

 

 

40,303

 

 

 

 

34,397

 

Less amounts received from Sonatide

 

 

(60,486

)

 

 

(76,878

)

 

 

(28,264

)

 

 

 

(21,019

)

Less amounts used to offset Due to Sonatide obligations (A)

 

 

(10,551

)

 

 

(78,993

)

 

 

(33,607

)

 

 

 

(21,453

)

Less impairment of due from affiliate

 

 

 

 

 

(20,083

)

 

 

 

 

 

 

 

Other

 

 

(1,265

)

 

 

(2,101

)

 

 

(510

)

 

 

 

(2,184

)

 

 

$

89,246

 

 

$

109,176

 

 

 

230,315

 

 

 

 

252,393

 

 

 

(A)

We reduced the respective due from affiliates and due to affiliates balances each period through netting transactions based on agreement with the joint venture.

 

Schedule of Amounts Due to Affiliate

Amounts due to Sonatide

 

 

 

Successor

 

 

 

Predecessor

 

 

 

 

 

 

 

 

 

 

 

Period from

 

 

 

Period from

 

 

 

 

 

 

 

 

 

 

 

August 1, 2017

 

 

 

April 1, 2017

 

 

 

Year Ended

 

 

Year Ended

 

 

through

 

 

 

through

 

 

 

December 31,

 

 

December 31,

 

 

December 31,

 

 

 

July 31,

 

(In thousands)

 

2019

 

 

2018

 

 

2017

 

 

 

2017

 

Due to Sonatide at beginning of year

 

$

29,347

 

 

$

99,448

 

 

 

123,899

 

 

 

 

132,857

 

Plus commissions payable to Sonatide

 

 

4,937

 

 

 

5,502

 

 

 

3,928

 

 

 

 

3,330

 

Plus amounts paid by Sonatide on behalf of the company

 

 

9,654

 

 

 

14,778

 

 

 

12,044

 

 

 

 

9,458

 

Less commissions paid to Sonatide

 

 

(5,961

)

 

 

(13,906

)

 

 

(5,023

)

 

 

 

 

Less amounts used to offset Due from Sonatide obligations (A)

 

 

(10,551

)

 

 

(78,993

)

 

 

(33,607

)

 

 

 

(21,453

)

Other

 

 

4,049

 

 

 

2,518

 

 

 

(1,793

)

 

 

 

(293

)

 

 

$

31,475

 

 

$

29,347

 

 

$

99,448

 

 

 

 

123,899

 

 

 

(A)

We reduced the respective due from affiliates and due to affiliates balances each period through netting transactions based on agreement with the joint venture.