Seabulk Offshore International News

Seabulk International, Inc. announced that its U.S.-based offshore energy support subsidiary, Seabulk Offshore, Ltd. (SOL), has been certified by the American Bureau of Shipping to be in compliance with the International Management Code for the Safe Operation of Ships and for Pollution Prevention (International Safety Management (ISM) Code). The Document of Compliance certification is valid for five years with an annual audit. SOL, with primary offices in Houston, Texas; Lafayette and Amelia, La., services oil and gas exploration facilities primarily in the Gulf of Mexico, operating a fleet of 60 vessels including anchor-handling tug supply vessels, supply vessels and crew boats.

U.K. Roch, Rosa Delmas and the Ursula Delmas. Midocean manages these vessels on behalf of the Delmas group. This delivery comes after successful evaluation of an initial test ship to ensure that Midocean’s demanding purchasing requirements were met. brings the total delivered to four out of the seventeen managed. our Marine Planned Maintenance and Office Planned Maintenance systems. after recently being delivered to the Delmas group. RRS Discovery. both RRS Discovery , and the RRS Charles Darwin. UAE. operating from La Spezia, Italy. set up the planned maintenance system, is delivering the Leonardo to NATO.

Hvide Marine Inc. reported a net loss of $9.6 million for the fourth quarter ended December 31, 2000, on revenues of 80 million. In the year-earlier period, the company had a net loss of 197 million, including charges related to its reorganization, on revenues of $76.8 million. Operating income in the fourth quarter of 2000 was 8.1 million versus an operating loss of $11.8 million in the fourth quarter of 1999. For all of 2000, the company reported a net loss of $29 million or 2.89 per diluted share on revenues of $320.5 million. In 1999, the Company had a net loss of $249.9 million on revenues of $342.2 million. Operating income in 2000 totaled $25.4 million versus an operating loss of 9.5 million in 1999.

Seabulk Offshore has appointed Gerald A. Gray as Senior Vice President-International, effective immediately. Gray is responsible for Seabulk Offshore's operations in overseas markets, including West Africa, the Middle East, and Southeast/Southwest Asia. He reports to Hubert E. Thyssen, corporate vice president and the managing director of Seabulk Offshore International. Gray has extensive experience in the offshore marine business, recently completing a 30-year career with the group of businesses now known as Tidewater Inc. and certain of its acquired companies. Over the past several years, he has served in management positions for Tidewater's offshore operations in the Middle East, India, Southeast Asia, and Nigeria. Larry D.