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Seabulk Offshore Appoints Gray as VP

Maritime Activity Reports, Inc.

March 12, 2003

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. Francois, corporate senior vice president and president of Seabulk Offshore, commented, "One of my highest priorities this year is to drive operational efficiencies across all of Seabulk Offshore's global markets and deliver service excellence to our customers in a reliable, disciplined, and consistent manner. With Gray's strong track record managing offshore energy service operations in international markets, he is an outstanding addition to our management team." "Gray's operational expertise will be a valued asset to our international group as we grow our fleet and explore new markets," added Thyssen. "Moving forward, we will be strengthening our business around the world with a versatile, flexible fleet that can meet the complex needs of any customer."

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