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.
The National Ocean Industries Association (NOIA) today presented SEACOR Marine with the 2015 NOIA Safety in Seas (SIS) Culture of Safety Award and Safety Practice Award. This is the first time the same company has won awards in the same year. NOIA added the Culture of Safety award to the competition in 2014. SEACOR Marine won the Culture of Safety Award for their safety culture model which spurred a seven year trend of declining total number of Lost Time Incidents
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.
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
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.
Royal Boskalis Westminster N.V. (Boskalis) closed the third quarter of 2016 in line with expectations. Both revenue and operating profit were higher than the average seen in the first two quarters of the year. The increase was wholly attributable to the contribution from the offshore activities
Royal Boskalis Westminster N.V. (Boskalis) has successfully completed the sale of its stake in SMIT Amandla Marine (SAM). The possible sale had already been announced in March 2016. The stake was sold to management and local investors, thereby returning the business of SAM to 100% South African
U.S. Department of Transportation’s Maritime Administrator Paul “Chip” Jaenichen visited the Port of Greater Baton Rouge’s container-on-barge operation Tuesday while delivering his personal congratulations on the recent awarding of a $1
Shipbuilder Ferus Smit said it has launched M.V. Arklow Castle at its Westerbroek yard in the Netherlands. Arklow Castle (Nb. 426) is the third cargo vessel in a series of 10 that will be delivered to Irish owner Arklow Shipping.
Container-on-barge services have returned to the Port of Greater Baton Rouge to provide the petrochemical industry with another option to move its products. Operated by SEACOR AMH, the service transports empty containers by barge into the Port of Greater Baton Rouge and loads them at the
For the quarter ended June 30, 2016, net loss attributable to Seacor Holdings Inc. was $55.2 million ($3.26 per diluted share). For the six months ended June 30, 2016, net loss attributable to Seacor Holdings Inc. was $82.3 million ($4.88 per diluted share).
No further pollution has been detected in the area of the grounded oil rig Transocean Winner as the U.K. Maritime and Coastguard Agency (MCA) continues to monitor the scene. The MCA counter pollution surveillance aircraft yesterday flew over the location and surrounding area to make
On Saturday, August 27, shipbuilders at General Dynamics NASSCO celebrated the christening and launch of the Constitution, the sixth ship in a series of eight eco-friendly tankers constructed or under construction at the company’s San Diego-based shipyard.
Manufacturer of diesel engines and generator sets for the marine industry Cummins Inc. said it recently delivered the first four QSK95 engines for a marine application, with four additional units to be delivered in December. The engines were delivered to longtime Cummins partner SEACOR
The new head office of KOTUG SMIT TOWAGE was opened September 23 in Rotterdam by mayor Ahmed Aboutaleb. KOTUG SMIT TOWAGE was founded on April 7, 2016 following the merger of the European harbor towage services of KOTUG and SMIT. After the start
Keppel Offshore & Marine (Keppel O&M) announced it has secured contracts to build its first two dual-fuel diesel liquefied natural gas (LNG) harbor tugs, and signed a Memorandum of Understanding (MOU) with Keppel-Royal Dutch Shell plc (Shell) to jointly explore opportunities in using LNG
Shipbuilder Ferus Smit has launched new build M.V. Arklow Cape on Friday, October 21 at its Westerbroek shipyard in the Netherlands Arklow Cape (Nb. 425) is the second vessel in a series of 10 that will be delivered to Irish owner Arklow Shipping.
The U.S. built tanker ship Constitution returned to the NASSCO shipyard on Wednesday, October 26 following tests and trials off the coast of San Diego, Calif. The ECO Class vessel is a 610-foot, 50,000 deadweight-ton, and LNG-conversion-ready product tanker with a 330
Container Loading Equipment to Provide Greater Efficiencies for Container on Barge Service Between Baton Rouge and New Orleans. The Port of New Orleans and the Port of Greater Baton Rouge will acquire specialized container loading equipment to increase efficiencies to the current
On November 8, 2016, shipbuilder General Dynamics NASSCO delivered the American Jones Act-qualified ECO Class tanker Constitution to SEA-Vista LLC. The ship was delivered during a signing ceremony at the builder’s shipyard in San Diego.