Seabulk Issues Second Quarter Guidance
Seabulk International has announced for the second quarter ended June 30, 2003, it expects to report revenue of at least $78.0 million, income from operations of at least $10.5 million, and
depreciation, amortization and drydocking of approximately $16.2 million.
For the three months ended June 30, 2002, the Company reported revenue of
$81.6 million, income from operations of $8.5 million, and depreciation,
amortization and drydocking of $16.6 million.
Average day rates for the Company's anchor-handling tug/supply vessels and
supply boats at June 30, 2003 were approximately $5,000 in the Gulf of Mexico,
$7,200 in West Africa, $3,600 in the Middle East and $5,200 in Southeast Asia.
Seabulk expects to report its full results for the quarter ended June
30, 2003 and file its Form 10-Q on or about August 14, 2003.