fast support vessels

Seacor Marine shows improvement in fourth quarter earnings

The Ava J McCall, a 13,500-hp fast support vessel built by Gulf Craft for Seacor. Seacor photo

Seacor Marine Holdings Inc. announced its fourth quarter earnings today, which included improved results, the Houston-based OSV operator said.

Fourth quarter highlights include:

  • Total operating revenues increased 43.8% as compared with the fourth quarter of 2017.
  • Cash flows from operating activities increased to $11.9 million from $5.6 million in the prior quarter.
  • Operating loss decreased by $24.6 million to $11.2 million from $35.8 million in the fourth quarter of 2017, representing a 68.8%...

https://www.workboat.com/news/offshore/seacor-marine-shows-improvement-in-fourth-quarter-earnings/

Seacor acquires three fast support vessels

The Seacor Leopard. Seacor Marine photo

Seacor Marine Holdings Inc., Houma, La., announced yesterday that it has acquired of three fast support vessels (FSVs) in exchange for the private placement of 603,872 shares of its common stock to domestic U.S. holders affiliated with the McCall family of Louisiana.

Seacor Marine has operated the three vessels for the past 10 years under a revenue sharing pooling agreement along with four of its owned FSVs of similar specification. As part of the transaction, this pooling agreement was...

https://www.workboat.com/news/offshore/seacor-acquires-three-fast-support-vessels/