SEACOR SMIT Inc. announced that the change of its name to "SEACOR Holdings Inc." became effective at 12:01 a.m. on March 15, 2004. The ticker symbol and CUSIP number for the Company's common stock will remain unchanged. Holders of stock certificates bearing the name "SEACOR SMIT Inc." may continue to hold them and will not be required to exchange them for new stock certificates or take any other action. In addition, the Company's Internet website URL will change to http://www.seacorholdings.com. SEACOR and its subsidiaries are engaged in the operation of a diversified fleet of offshore support vessels that service oil and gas exploration and development activities in the U.S. Gulf of Mexico, the North Sea, West Africa, Asia, Latin America and other international regions. Other business activities primarily include environmental services, inland river operations, and offshore aviation services.
Seacor Smit Inc. announced net earnings for the third quarter ending Sept. 30 of $5 million on revenues of $71.9 million. Results for the quarter included a charge of $2.6 million for additional income tax expense related to the company's decision to liquidate a foreign joint venture, and an extraordinary gain of $890,000 relating to the early retirement of debt. In the same period a year ago, Seacor earned $26.4 million, on revenues of $100 million.
SEACOR Holdings Inc. (NYSE: CKH) announced that Randall Blank, currently SEACOR's Executive Vice President, Chief Financial Officer, and Secretary, will assume full-time responsibility as President and CEO of its environmental division, SEACOR Environmental Services Inc. ("SES"), and that Richard Ryan will assume the position of Chief Financial Officer for SEACOR. Alice Gran, SEACOR's Senior Vice President and General Counsel, will become Corporate Secretary.
SEACOR Marine LLC christened its first CrewZer Class vessel, the SEACOR CHEETAH, in Galveston, Texas. Joyce McCall, wife of nearly fifty years to offshore industry pioneer Norman McCall, acted as the vessel's sponsor in recognition of her life-long contribution to the McCall legacy. The SEACOR CHEETAH was designed to provide customers a faster and more stable delivery platform than the industry standard. After examining various hull types
SEACOR Marine has selected marine diesel engines from the Tognum brand MTU for its latest pair of fast supply vessels. The two vessels, SEACOR Lynx and SEACOR Leopard, will have an overall length of 190 feet and the capacity to carry up to 150 passengers. The vessels will also have the capacity to carry 150 tons of deck cargo and the ability to achieve speeds of 46 knots. Each vessel will be powered by four MTU 16V 4000 M73L engines rated at 3,860 bhp at 2,050 RPM.
W&O designated preferred North American distributor of first United States Coast Guard-approved marine plastic piping system. W&O, a global supplier of marine pipe, valves and fittings, valve automation, and engineered solutions, has partnered with Georg Fischer Piping Systems to bring to market the first and only commercially available United States Coast Guard-approved marine plastic piping system in the world, known as SeaCor.
SMIT has acquired all shares of GB Holding B.V., the parent company of the renowned subsidiaries GB Diving B.V. and GB Diving -Inshore B.V. GB Diving is a Dutch company that provides ROV (Remote Operated Vehicles) and diving services, including project management, project engineering and related services for the high end of the oil and gas market. GB Diving's 30 employees will be integrated into the SMIT organization as a business unit named SMIT Subsea Europe.
Smit International is in talks to buy Canada's Rivtow Marine, a harbor towage service and transport firm active in Canada and the U.S. No financial details of the planned takeover were immediately available. Smit International also said it would boost its stake in Belgium's Salvage & Towage Union to 49 percent from 26 percent for an undisclosed sum. In addition the company said it was discussing further developing a strategic alliance with Salvage & Towage Union
Royal Boskalis Westminster N.V. (Boskalis) and Smit Internationale N.V. (Smit) announced that they have signed a merger protocol for a full merger of the two companies. The transaction will be effectuated through an all cash public offer of $84.5 ex dividend (instead of cum dividend as previously anticipated) by Boskalis for all outstanding shares in Smit. The business combination will create a world class maritime service provider offering a strong platform for further growth
Raymond Lord has been named President of Donjon-SMIT, LLC, effective November 8. A native of Houston, Texas, Mr. Lord has more than 30 years of experience within the marine salvage industry, most recently serving as Vice President and Operations Manager for SMIT Americas in Houston. “We are very happy to welcome Raymond Lord to Donjon-SMIT,” said John A. Witte, Jr., Director, Donjon-SMIT
Long acknowledged as a firm to watch in U.S. crewboat and fast supply boat innovation, SEACOR Marine will be attracting industry attention once again when their latest set of new boats begin delivery in 2014. While this new class of mono-hull boats have some big dimensions
General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics, has entered into a contract with Seabulk Tankers, Inc., a wholly owned subsidiary of SEACOR Holdings Inc., for the design and construction of one 50,000 deadweight ton LNG-conversion-ready product carrier with a 330
General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics, has entered into a contract with Seabulk Tankers, Inc., a wholly owned subsidiary of SEACOR Holdings Inc. for the design and construction of a 50,000 deadweight ton LNG-conversion-ready product carrier with a 330
Royal Boskalis Westminster N.V. (Boskalis) raises its 2013 net profit outlook to at least EUR 360-million. Boskalis says it has concluded an exceptionally good third quarter. Revenue, adjusted for the sale of the 40% stake in Archirodon, and earnings were higher than in the first and second
Owners and shipyards come to the realization that alternative composition piping and pumps represent the way forward. You cannot put a vessel to work without pumps, valves and piping. Too often, product selection is left to the discretion of those who view these items as inconsequential decisions
Incat Crowther designed 'CrewZer Class' 58m Catamaran Crew boat, 'SEACOR Lynx', is the first of two to be constructed in the Louisiana shipyard. SEACOR Marine pioneered the use of large, fast catamarans in the offshore industry with the commissioning of the innovative SEACOR Cheetah in January
Dorian/Seacor‘s liquefied petroleum gas (LPG) carriers are to benefit from the latest reliquefaction plant development from Babcock’s LGE Process, following a contract signed last month (May) for the innovative vent gas cooler enhancement to be fitted on two new very large gas carriers
Mantenimiento Express Marítimo S.A.P.I de C.V., an Offshore Marine Services company that is part of SEACOR Holdings Inc., has signed a contract with ABS Nautical Systems for use of its Energy & Environmental Manager and Maintenance Manager modules on four newly-built workboats.
Royal Boskalis Westminster N.V. (Boskalis) has sold its 40% stake in Archirodon Group N.V. Boskalis explain that the possible sale had already been announced in November 2012 after Boskalis was approached by the party in question from the Middle East
VSTEP delivers a Nautis DNV Class A FMB simulator to Seafood and Maritime Industries Training (SMIT) in Darwin, Australia for specialized ship handling, maneuvering and Radar training of coxswains. SMIT focuses on training of maritime personnel aboard fishing and recreational vessels
Royal Boskalis Westminster (Boskalis) subsidiary Dockwise was contracted to provide an alternative form of dry docking in the Mediterranean for a semi-submersible drilling rig too big to fit into any dry-dock in the region. It was realised that the company's Dockwise Vanguard was uniquely
In their half year 2013 report the Boskalis Board of Management expects that, barring unforeseen circumstances, net profit for the 2013 financial year will be at least EUR 330 million, including the book gain of approximately EUR 50 million on the sale of the 40% stake in Archirodon that
Analysts' Corner release new research reports highlighting Trinity Industries, Inc., Nordic American Tankers Limited ), J.B. Hunt Transport Services, Inc., SEACOR Holdings, Inc.), and DryShips Inc. Readers may access these reports free of charge - including full price targets
Incat Crowther announced a first of type 70m Catamaran Fast Crew Boat (FCB), compliant with IMO HSC code and complete with a crew transfer system consisting of dynamic positioning equipment class (DP2) coupled with a stabilized access platform
Royal Boskalis Westminster N.V. (Boskalis) has successfully completed the sale of its Australian harbor towage business to its strategic partner Smit Lamnalco. The sale is part of a strategic realignment of the company's towage activities. Boskalis received US$ 55-million in cash for all the