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
The recently delivered SL Mbissi will be the next Damen-built vessel in fleet of Smit Lamnalco. Nonetheless, the 25-meter shallow water workship is special in more ways than one. Firstly, it’s the first-ever Damen Shoalbuster for Smit Lamnalco.
Swedish shipping company Erik Thun A.B. has granted Shipyard Ferus Smit the order for building an LNG powered cargo vessel, with two more units on option. The first vessel will be delivered in autumn 2015 from the yard in Westerbroek, Groningen.
Boskalis inform that the Dutch Department of Public Works intends to award the contract for the salvage of the wreck of the car carrier 'Baltic Ace' to Boskalis and its partner Mammoet Salvage. Boskalis explain that the wreck and its cargo need to be removed because they pose a threat to the
The Dutch Department of Public Works intends to award the contract for the salvage of the wreck of the car carrier Baltic Ace to Boskalis and its partner Mammoet Salvage, Boskalis announced in a press release late last week. The wreck and its cargo need to be removed because they pose a threat
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
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
Dockwise, a subsidiary of Royal Boskalis Westminster N.V. (Boskalis) has been awarded a contract by Bechtel for shipping modules for the Chevron-operated LNG production Wheatstone Project in Western Australia. The contract value is estimated at approximately USD 275 million
Donjon-SMIT and Marine Spill Response Corporation (MSRC) announce the establishment of a cooperative alliance. This alliance, while it can support both tank and non-tank vessel owners, will include the ability of non-tank vessel owners to establish their prearranged agreements with both
Royal Boskalis Westminster N.V. (Boskalis) subsidiary SMIT Salvage has been awarded a contract to remove a damaged jack-up platform from the seabed offshore Angola. Including the award of this contract, SMIT Salvage has acquired approximately USD 70 million of work year to date.
Smit Lamnalco has taken delivery of, and will soon deploy, the SL Kiwi. It’s their second tug of the Damen STu 2208 type. The 39.4-metric-ton bollard pull tug will join the sister ship SL Kittiwake, delivered late 2012, to support Single Point Mooring operations.