SEACOR Marine Holdings Inc. (NYSE: SMHI) (the “Company” or “SEACOR
Marine”), a leading provider of marine and support transportation
services to offshore energy facilities worldwide, today announced
results for its fourth quarter ended December 31, 2022.
SEACOR Marine’s consolidated operating revenues
for the fourth quarter of 2022 were $57.9 million, operating loss
was $10.5 million, and direct vessel profit (“DVP”)(1) was $13.6
million. This compares to consolidated operating revenues of $48.0
million, operating loss of $14.7 million, and DVP of $12.9 million
in the fourth quarter of 2021, and consolidated operating revenues
of $59.8 million, operating loss of $10.9 million, and DVP of $15.8
million in the third quarter of 2022.
Notable fourth quarter items include:
- Extended the maturity of the $125.0 million of senior
convertible debt issued to Carlyle in 2015 by three years by
exchanging that debt for $90.0 million of new guaranteed unsecured
notes and $35.0 million of new convertible notes, both due
2026.
- Average utilization rate of 76%, the highest for a fourth
quarter since 2013, a 3.0% improvement from the fourth quarter of
2021, and a 3.0% decrease from the third quarter of 2022.
- 20.8% improvement in revenues from the fourth quarter of 2021
and a 3.1% decrease from the third quarter of 2022.
- DVP margin increased 5.1% from the fourth quarter of 2021 and
decreased 13.9% from the third quarter of 2022, inclusive of all
drydocking expenses during the periods.
For the fourth quarter of 2022, loss from
continuing operations was $13.3 million ($0.50 loss per basic and
diluted share). This compares to a loss from continuing operations
for the fourth quarter of 2021 of $15.8 million ($0.62 loss per
basic and diluted share). Sequentially, fourth quarter 2022 results
compare to a loss from continuing operations of $24.4 million
($0.91 loss per basic and diluted share) in the third quarter of
2022.
Chief Executive Officer John Gellert
commented:
“The Company’s fourth quarter continued the
year-on-year improvement trend in revenues, utilization and average
dayrates despite seasonally lower levels of activity, particularly
in the North Sea.
The decrease in DVP was primarily due to higher
maintenance and repair expenses in our PSV fleet, as well as low
utilization of a few fully crewed and available vessels,
particularly in the North Sea, in anticipation of improving market
dynamics.
The activity of our liftboat fleet during the
fourth quarter was particularly encouraging. During the quarter, we
started our first offshore wind project in the U.S., and completed
the repair of one of our premium liftboats in the Middle East with
the vessel able to return to service immediately. These positive
contributions were offset by weather related damage to one of our
premium liftboats in the U.S., which was safely demobilized. The
Company’s efforts are focused on repairing and returning the
liftboat to service, although timing is uncertain. The Company has
insurance coverage for the repairs as well as for loss-of-hire for
this liftboat.
I remain optimistic about the potential for
SEACOR Marine in 2023, as evidenced by recent chartering activity
for our liftboats and hybrid PSVs. This activity should translate
into a stronger DVP conversion rate. In light of these positive
industry dynamics, we decided to build upon our industry leading
position in hybrid PSVs by committing to upgrade one additional PSV
to hybrid propulsion, bringing us to a total of seven hybrid PSVs
(representing one-third of our PSV fleet). After this conversion,
we will have four additional PSVs that could be upgraded with the
same technology. Tendering activity remains healthy and we plan to
capture further repricing opportunities as contracts rollover,
particularly as our customers engage in additional project startups
and seasonality factors improve.” ___________________
(1) |
Direct vessel profit (defined as operating revenues less operating
costs and expenses, “DVP”) is the Company’s measure of segment
profitability. DVP is a critical financial measure used by the
Company to analyze and compare the operating performance of its
regions, without regard to financing decisions (depreciation and
interest expense for owned vessels vs. lease expense for lease
vessels). DVP is also useful when comparing the Company’s global
fleet performance against those of our competitors who may have
differing fleet financing structures. DVP has material limitations
as an analytical tool in that it does not reflect all of the costs
associated with the ownership and operation of our fleet, and it
should not be considered in isolation or used as a substitute for
our results as reported under GAAP. See page 4 for reconciliation
of DVP to GAAP Operating Income (Loss), its most comparable GAAP
measure. |
SEACOR Marine provides global marine and support
transportation services to offshore energy facilities worldwide.
SEACOR Marine operates and manages a diverse fleet of offshore
support vessels that deliver cargo and personnel to offshore
installations, including offshore wind farms; assist offshore
operations for production and storage facilities; provide
construction, well work-over, offshore wind farm installation and
decommissioning support; carry and launch equipment used underwater
in drilling and well installation, maintenance, inspection and
repair; and handle anchors and mooring equipment for offshore rigs
and platforms. Additionally, SEACOR Marine’s vessels provide
emergency response services and accommodations for technicians and
specialists.
Certain statements discussed in this release as
well as in other reports, materials and oral statements that the
Company releases from time to time to the public constitute
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. Generally, words such as
“anticipate,” “estimate,” “expect,” “project,” “intend,” “believe,”
“plan,” “target,” “forecast” and similar expressions are intended
to identify forward-looking statements. Such forward-looking
statements concern management’s expectations, strategic objectives,
business prospects, anticipated economic performance and financial
condition and other similar matters. Forward-looking statements are
inherently uncertain and subject to a variety of assumptions, risks
and uncertainties that could cause actual results to differ
materially from those anticipated or expected by the management of
the Company. These statements are not guarantees of future
performance and actual events or results may differ significantly
from these statements. Actual events or results are subject to
significant known and unknown risks, uncertainties and other
important factors, many of which are beyond the Company’s control
and are described in the Company’s filings with the SEC. It should
be understood that it is not possible to predict or identify all
such factors. Given these risk factors, investors and analysts
should not place undue reliance on forward-looking statements.
Forward-looking statements speak only as of the date of the
document in which they are made. The Company disclaims any
obligation or undertaking to provide any updates or revisions to
any forward-looking statement to reflect any change in the
Company’s expectations or any change in events, conditions or
circumstances on which the forward-looking statement is based,
except as required by law. It is advisable, however, to consult any
further disclosures the Company makes on related subjects in its
filings with the Securities and Exchange Commission, including
Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and
Current Reports on Form 8-K (if any). These statements constitute
the Company’s cautionary statements under the Private Securities
Litigation Reform Act of 1995.
Please visit SEACOR Marine’s website at
www.seacormarine.com for additional information. For all other
requests, contact InvestorRelations@seacormarine.com
SEACOR MARINE HOLDINGS INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(LOSS) (in thousands, except share
data)
|
|
Three Months Ended December 31, |
|
|
Year ended December 31, |
|
|
|
2022 |
|
|
2021 |
|
|
2022 |
|
|
2021 |
|
Operating Revenues |
|
$ |
57,926 |
|
|
$ |
47,967 |
|
|
$ |
217,325 |
|
|
$ |
170,941 |
|
Costs and
Expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
Operating |
|
|
44,338 |
|
|
|
35,036 |
|
|
|
171,985 |
|
|
|
127,406 |
|
Administrative and general |
|
|
10,799 |
|
|
|
10,742 |
|
|
|
40,911 |
|
|
|
37,639 |
|
Lease expense |
|
|
633 |
|
|
|
2,664 |
|
|
|
3,869 |
|
|
|
6,085 |
|
Depreciation and amortization |
|
|
13,624 |
|
|
|
14,198 |
|
|
|
55,957 |
|
|
|
57,395 |
|
|
|
|
69,394 |
|
|
|
62,640 |
|
|
|
272,722 |
|
|
|
228,525 |
|
Gains on
Asset Dispositions and Impairments, Net |
|
|
1,017 |
|
|
|
— |
|
|
|
1,398 |
|
|
|
20,436 |
|
Operating
Loss |
|
|
(10,451 |
) |
|
|
(14,673 |
) |
|
|
(53,999 |
) |
|
|
(37,148 |
) |
Other Income
(Expense): |
|
|
|
|
|
|
|
|
|
|
|
|
Interest income |
|
|
688 |
|
|
|
57 |
|
|
|
784 |
|
|
|
1,302 |
|
Interest expense |
|
|
(8,456 |
) |
|
|
(6,380 |
) |
|
|
(29,706 |
) |
|
|
(28,111 |
) |
SEACOR Holdings guarantee fees |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(7 |
) |
Gain on debt extinguishment |
|
|
10,429 |
|
|
|
— |
|
|
|
10,429 |
|
|
|
61,994 |
|
Derivative gains, net |
|
|
— |
|
|
|
4 |
|
|
|
— |
|
|
|
391 |
|
Foreign currency (losses) gains, net |
|
|
(2,646 |
) |
|
|
(357 |
) |
|
|
1,659 |
|
|
|
(1,235 |
) |
Gain from return of investments in 50% or less owned companies and
other, net |
|
|
137 |
|
|
|
— |
|
|
|
755 |
|
|
|
9,441 |
|
|
|
|
152 |
|
|
|
(6,676 |
) |
|
|
(16,079 |
) |
|
|
43,775 |
|
(Loss)
Income from Continuing Operations Before Income Tax Expense
(Benefit) and Equity in Earnings of 50% or Less Owned
Companies |
|
|
(10,299 |
) |
|
|
(21,349 |
) |
|
|
(70,078 |
) |
|
|
6,627 |
|
Income Tax
Expense (Benefit) |
|
|
4,219 |
|
|
|
(1,009 |
) |
|
|
8,582 |
|
|
|
11,493 |
|
Loss from
Continuing Operations Before Equity in Earnings of 50% or Less
Owned Companies |
|
|
(14,518 |
) |
|
|
(20,340 |
) |
|
|
(78,660 |
) |
|
|
(4,866 |
) |
Equity in
Earnings of 50% or Less Owned Companies |
|
|
1,176 |
|
|
|
4,494 |
|
|
|
7,011 |
|
|
|
15,078 |
|
(Loss)
Income from Continuing Operations |
|
|
(13,342 |
) |
|
|
(15,846 |
) |
|
|
(71,649 |
) |
|
|
10,212 |
|
Income on
Discontinued Operations, Net of Tax (Includes Gain on the Sale of
Windcat Workboats of $22,756) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
22,925 |
|
Net (Loss)
Income |
|
|
(13,342 |
) |
|
|
(15,846 |
) |
|
|
(71,649 |
) |
|
|
33,137 |
|
Net Income
Attributable to Noncontrolling Interests in Subsidiaries |
|
|
— |
|
|
|
— |
|
|
|
1 |
|
|
|
1 |
|
Net (Loss)
Income Attributable to SEACOR Marine Holdings Inc. |
|
$ |
(13,342 |
) |
|
$ |
(15,846 |
) |
|
$ |
(71,650 |
) |
|
$ |
33,136 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net (Loss)
Income Per Share from Continuing Operations: |
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
$ |
(0.50 |
) |
|
$ |
(0.62 |
) |
|
$ |
(2.69 |
) |
|
$ |
0.40 |
|
Diluted |
|
|
(0.50 |
) |
|
|
(0.62 |
) |
|
|
(2.69 |
) |
|
|
0.40 |
|
Net Earnings
Per Share from Discontinued Operations: |
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
0.90 |
|
Diluted |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
0.90 |
|
Net (Loss)
Earnings Per Share: |
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
$ |
(0.50 |
) |
|
$ |
(0.62 |
) |
|
$ |
(2.69 |
) |
|
$ |
1.30 |
|
Diluted |
|
$ |
(0.50 |
) |
|
$ |
(0.62 |
) |
|
$ |
(2.69 |
) |
|
$ |
1.30 |
|
Weighted
Average Common Stock and Warrants Outstanding: |
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
|
26,727,864 |
|
|
|
25,520,034 |
|
|
|
26,626,179 |
|
|
|
25,444,693 |
|
Diluted |
|
|
26,727,864 |
|
|
|
25,520,034 |
|
|
|
26,626,179 |
|
|
|
25,495,527 |
|
SEACOR MARINE HOLDINGS INC.
UNAUDITED CONSOLIDATED STATEMENTS OF INCOME (LOSS)
(in thousands, except statistics and per share
data)
|
|
Three Months
Ended |
|
|
|
Dec. 31, 2022 |
|
|
Sep. 30, 2022 |
|
|
Jun. 30, 2022 |
|
|
Mar. 31, 2022 |
|
|
Dec. 31, 2021 |
|
Time Charter
Statistics: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average Rates Per Day |
|
$ |
13,794 |
|
|
$ |
13,340 |
|
|
$ |
12,149 |
|
|
$ |
11,312 |
|
|
$ |
11,376 |
|
Fleet Utilization |
|
|
76 |
% |
|
|
79 |
% |
|
|
77 |
% |
|
|
70 |
% |
|
|
73 |
% |
Fleet Available Days |
|
|
5,244 |
|
|
|
5,336 |
|
|
|
5,311 |
|
|
|
5,400 |
|
|
|
5,060 |
|
Operating
Revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Time charter |
|
$ |
54,789 |
|
|
$ |
56,500 |
|
|
$ |
49,504 |
|
|
$ |
42,741 |
|
|
$ |
42,289 |
|
Bareboat charter |
|
|
376 |
|
|
|
332 |
|
|
|
48 |
|
|
|
618 |
|
|
|
2,870 |
|
Other marine services |
|
|
2,761 |
|
|
|
2,959 |
|
|
|
4,465 |
|
|
|
2,232 |
|
|
|
2,808 |
|
|
|
|
57,926 |
|
|
|
59,791 |
|
|
|
54,017 |
|
|
|
45,591 |
|
|
|
47,967 |
|
Costs and
Expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Personnel |
|
|
20,849 |
|
|
|
20,152 |
|
|
|
18,346 |
|
|
|
18,435 |
|
|
|
17,098 |
|
Repairs and maintenance |
|
|
8,948 |
|
|
|
7,377 |
|
|
|
8,380 |
|
|
|
6,791 |
|
|
|
6,782 |
|
Drydocking |
|
|
1,667 |
|
|
|
5,046 |
|
|
|
6,474 |
|
|
|
4,973 |
|
|
|
567 |
|
Insurance and loss reserves |
|
|
3,381 |
|
|
|
2,850 |
|
|
|
2,545 |
|
|
|
1,186 |
|
|
|
1,859 |
|
Fuel, lubes and supplies |
|
|
5,794 |
|
|
|
5,416 |
|
|
|
4,350 |
|
|
|
3,729 |
|
|
|
3,254 |
|
Other |
|
|
3,699 |
|
|
|
3,165 |
|
|
|
4,050 |
|
|
|
4,382 |
|
|
|
5,476 |
|
|
|
|
44,338 |
|
|
|
44,006 |
|
|
|
44,145 |
|
|
|
39,496 |
|
|
|
35,036 |
|
Direct
Vessel Profit(1) |
|
|
13,588 |
|
|
|
15,785 |
|
|
|
9,872 |
|
|
|
6,095 |
|
|
|
12,931 |
|
Other Costs
and Expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lease expense |
|
|
633 |
|
|
|
1,168 |
|
|
|
1,008 |
|
|
|
1,060 |
|
|
|
2,664 |
|
Administrative and general |
|
|
10,799 |
|
|
|
9,978 |
|
|
|
10,210 |
|
|
|
9,924 |
|
|
|
10,742 |
|
Depreciation and amortization |
|
|
13,624 |
|
|
|
13,754 |
|
|
|
14,208 |
|
|
|
14,371 |
|
|
|
14,198 |
|
|
|
|
25,056 |
|
|
|
24,900 |
|
|
|
25,426 |
|
|
|
25,355 |
|
|
|
27,604 |
|
Gains
(Losses) on Asset Dispositions and Impairments, Net |
|
|
1,017 |
|
|
|
(1,783 |
) |
|
|
25 |
|
|
|
2,139 |
|
|
|
— |
|
Operating
Loss |
|
|
(10,451 |
) |
|
|
(10,898 |
) |
|
|
(15,529 |
) |
|
|
(17,121 |
) |
|
|
(14,673 |
) |
Other Income
(Expense): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest income |
|
|
688 |
|
|
|
(123 |
) |
|
|
190 |
|
|
|
29 |
|
|
|
57 |
|
Interest expense |
|
|
(8,456 |
) |
|
|
(7,634 |
) |
|
|
(6,989 |
) |
|
|
(6,627 |
) |
|
|
(6,380 |
) |
Derivative gains (losses), net |
|
|
— |
|
|
|
1 |
|
|
|
33 |
|
|
|
(34 |
) |
|
|
4 |
|
Gain on debt extinguishment |
|
|
10,429 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Foreign currency (losses) gains, net |
|
|
(2,646 |
) |
|
|
2,314 |
|
|
|
1,170 |
|
|
|
821 |
|
|
|
(357 |
) |
Gain (Loss) from return of investments in 50% or less owned
companies and other, net |
|
|
137 |
|
|
|
659 |
|
|
|
(41 |
) |
|
|
— |
|
|
|
— |
|
|
|
|
152 |
|
|
|
(4,783 |
) |
|
|
(5,637 |
) |
|
|
(5,811 |
) |
|
|
(6,676 |
) |
Loss from
Continuing Operations Before Income Tax Expense (Benefit) and
Equity in Earnings of 50% or Less Owned Companies |
|
|
(10,299 |
) |
|
|
(15,681 |
) |
|
|
(21,166 |
) |
|
|
(22,932 |
) |
|
|
(21,349 |
) |
Income Tax
Expense (Benefit) |
|
|
4,219 |
|
|
|
8,418 |
|
|
|
(1,634 |
) |
|
|
(2,421 |
) |
|
|
(1,009 |
) |
Loss from
Continuing Operations Before Equity in Earnings of 50% or Less
Owned Companies |
|
|
(14,518 |
) |
|
|
(24,099 |
) |
|
|
(19,532 |
) |
|
|
(20,511 |
) |
|
|
(20,340 |
) |
Equity in
Earnings Gains (Losses) of 50% or Less Owned Companies |
|
|
1,176 |
|
|
|
(254 |
) |
|
|
415 |
|
|
|
5,674 |
|
|
|
4,494 |
|
Loss from
Continuing Operations |
|
|
(13,342 |
) |
|
|
(24,353 |
) |
|
|
(19,117 |
) |
|
|
(14,837 |
) |
|
|
(15,846 |
) |
Net
Loss |
|
|
(13,342 |
) |
|
|
(24,353 |
) |
|
|
(19,117 |
) |
|
|
(14,837 |
) |
|
|
(15,846 |
) |
Net (Loss)
Income Attributable to Noncontrolling Interests in
Subsidiaries |
|
|
— |
|
|
|
(2 |
) |
|
|
3 |
|
|
|
— |
|
|
|
— |
|
Net Loss
Attributable to SEACOR Marine Holdings Inc. |
|
$ |
(13,342 |
) |
|
$ |
(24,351 |
) |
|
$ |
(19,120 |
) |
|
$ |
(14,837 |
) |
|
$ |
(15,846 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Loss Per
Share from Continuing Operations: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
$ |
(0.50 |
) |
|
$ |
(0.91 |
) |
|
$ |
(0.72 |
) |
|
$ |
(0.56 |
) |
|
$ |
(0.62 |
) |
Diluted |
|
|
(0.50 |
) |
|
|
(0.91 |
) |
|
|
(0.72 |
) |
|
|
(0.56 |
) |
|
|
(0.62 |
) |
Net Loss Per
Share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
$ |
(0.50 |
) |
|
$ |
(0.91 |
) |
|
$ |
(0.72 |
) |
|
$ |
(0.56 |
) |
|
$ |
(0.62 |
) |
Diluted |
|
$ |
(0.50 |
) |
|
$ |
(0.91 |
) |
|
$ |
(0.72 |
) |
|
$ |
(0.56 |
) |
|
$ |
(0.62 |
) |
Weighted
Average Common Stock and Warrants Outstanding: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
|
26,728 |
|
|
|
26,728 |
|
|
|
26,665 |
|
|
|
26,379 |
|
|
|
25,520 |
|
Diluted |
|
|
26,728 |
|
|
|
26,728 |
|
|
|
26,665 |
|
|
|
26,379 |
|
|
|
25,520 |
|
Common Shares and Warrants Outstanding at Period End |
|
|
28,142 |
|
|
|
28,142 |
|
|
|
28,145 |
|
|
|
28,083 |
|
|
|
27,432 |
|
SEACOR MARINE HOLDINGS INC.
UNAUDITED DIRECT VESSEL PROFIT (“DVP”) BY SEGMENT
(in thousands, except statistics)
|
|
Three Months
Ended |
|
|
|
Dec. 31, 2022 |
|
|
Sep. 30, 2022 |
|
|
Jun. 30, 2022 |
|
|
Mar. 31, 2022 |
|
|
Dec. 31, 2021 |
|
United States, primarily Gulf of Mexico |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Time Charter
Statistics: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average rates per day worked |
|
$ |
22,563 |
|
|
$ |
21,551 |
|
|
$ |
17,792 |
|
|
$ |
15,595 |
|
|
$ |
15,496 |
|
Fleet utilization |
|
|
57 |
% |
|
|
58 |
% |
|
|
43 |
% |
|
|
38 |
% |
|
|
33 |
% |
Fleet available days |
|
|
1,288 |
|
|
|
1,363 |
|
|
|
1,277 |
|
|
|
1,314 |
|
|
|
1,043 |
|
Out-of-service days for repairs, maintenance and drydockings |
|
|
108 |
|
|
|
199 |
|
|
|
284 |
|
|
|
205 |
|
|
|
95 |
|
Out-of-service days for cold-stacked status |
|
|
242 |
|
|
|
259 |
|
|
|
313 |
|
|
|
404 |
|
|
|
399 |
|
Operating
Revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Time charter |
|
$ |
16,574 |
|
|
$ |
17,075 |
|
|
$ |
9,759 |
|
|
$ |
7,864 |
|
|
$ |
5,290 |
|
Bareboat charter |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
386 |
|
Other marine services |
|
|
2,916 |
|
|
|
2,161 |
|
|
|
2,399 |
|
|
|
2,052 |
|
|
|
1,119 |
|
|
|
|
19,490 |
|
|
|
19,236 |
|
|
|
12,158 |
|
|
|
9,916 |
|
|
|
6,795 |
|
Direct Costs
and Expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Personnel |
|
|
7,262 |
|
|
|
7,243 |
|
|
|
5,773 |
|
|
|
4,923 |
|
|
|
3,136 |
|
Repairs and maintenance |
|
|
2,666 |
|
|
|
2,002 |
|
|
|
1,280 |
|
|
|
1,101 |
|
|
|
1,085 |
|
Drydocking |
|
|
472 |
|
|
|
1,549 |
|
|
|
4,090 |
|
|
|
2,867 |
|
|
|
191 |
|
Insurance and loss reserves |
|
|
2,022 |
|
|
|
1,382 |
|
|
|
1,198 |
|
|
|
229 |
|
|
|
720 |
|
Fuel, lubes and supplies |
|
|
746 |
|
|
|
1,143 |
|
|
|
794 |
|
|
|
662 |
|
|
|
501 |
|
Other |
|
|
416 |
|
|
|
314 |
|
|
|
281 |
|
|
|
224 |
|
|
|
200 |
|
|
|
|
13,584 |
|
|
|
13,633 |
|
|
|
13,416 |
|
|
|
10,006 |
|
|
|
5,833 |
|
Direct
Vessel Profit (Loss)(1) |
|
$ |
5,906 |
|
|
$ |
5,603 |
|
|
$ |
(1,258 |
) |
|
$ |
(90 |
) |
|
$ |
962 |
|
Other Costs
and Expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lease expense |
|
$ |
138 |
|
|
$ |
278 |
|
|
$ |
295 |
|
|
$ |
287 |
|
|
$ |
633 |
|
Depreciation and amortization |
|
|
3,912 |
|
|
|
4,332 |
|
|
|
4,562 |
|
|
|
4,638 |
|
|
|
4,325 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Africa and Europe, Continuing Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Time Charter
Statistics: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average rates per day worked |
|
$ |
11,241 |
|
|
$ |
11,813 |
|
|
$ |
11,279 |
|
|
$ |
10,006 |
|
|
$ |
9,530 |
|
Fleet utilization |
|
|
82 |
% |
|
|
91 |
% |
|
|
85 |
% |
|
|
82 |
% |
|
|
88 |
% |
Fleet available days |
|
|
1,656 |
|
|
|
1,629 |
|
|
|
1,567 |
|
|
|
1,499 |
|
|
|
1,411 |
|
Out-of-service days for repairs, maintenance and drydockings |
|
|
125 |
|
|
|
37 |
|
|
|
58 |
|
|
|
163 |
|
|
|
79 |
|
Operating
Revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Time charter |
|
$ |
15,299 |
|
|
$ |
17,551 |
|
|
$ |
14,930 |
|
|
$ |
12,280 |
|
|
$ |
11,883 |
|
Other marine services |
|
|
(679 |
) |
|
|
60 |
|
|
|
1,072 |
|
|
|
(616 |
) |
|
|
(416 |
) |
|
|
|
14,620 |
|
|
|
17,611 |
|
|
|
16,002 |
|
|
|
11,664 |
|
|
|
11,467 |
|
Direct Costs
and Expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Personnel |
|
|
4,680 |
|
|
|
4,694 |
|
|
|
3,526 |
|
|
|
3,536 |
|
|
|
3,283 |
|
Repairs and maintenance |
|
|
2,902 |
|
|
|
2,110 |
|
|
|
2,638 |
|
|
|
1,579 |
|
|
|
1,846 |
|
Drydocking |
|
|
678 |
|
|
|
383 |
|
|
|
134 |
|
|
|
1,144 |
|
|
|
144 |
|
Insurance and loss reserves |
|
|
366 |
|
|
|
359 |
|
|
|
329 |
|
|
|
124 |
|
|
|
245 |
|
Fuel, lubes and supplies |
|
|
2,775 |
|
|
|
2,284 |
|
|
|
1,490 |
|
|
|
1,473 |
|
|
|
1,019 |
|
Other |
|
|
1,896 |
|
|
|
1,580 |
|
|
|
1,871 |
|
|
|
1,828 |
|
|
|
1,740 |
|
|
|
|
13,297 |
|
|
|
11,410 |
|
|
|
9,988 |
|
|
|
9,684 |
|
|
|
8,277 |
|
Direct
Vessel Profit(1) |
|
$ |
1,323 |
|
|
$ |
6,201 |
|
|
$ |
6,014 |
|
|
$ |
1,980 |
|
|
$ |
3,190 |
|
Other Costs
and Expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lease expense |
|
$ |
378 |
|
|
$ |
455 |
|
|
$ |
456 |
|
|
$ |
402 |
|
|
$ |
371 |
|
Depreciation and amortization |
|
|
3,683 |
|
|
|
3,461 |
|
|
|
3,306 |
|
|
|
3,258 |
|
|
|
2,948 |
|
SEACOR MARINE HOLDINGS INC.
UNAUDITED DIRECT VESSEL PROFIT (“DVP”) BY SEGMENT
(continued) (in thousands, except
statistics)
|
|
Three Months
Ended |
|
|
|
Dec. 31, 2022 |
|
|
Sep. 30, 2022 |
|
|
Jun. 30, 2022 |
|
|
Mar. 31, 2022 |
|
|
Dec. 31, 2021 |
|
Middle East and Asia |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Time Charter
Statistics: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average rates per day worked |
|
$ |
11,090 |
|
|
$ |
9,507 |
|
|
$ |
9,673 |
|
|
$ |
9,882 |
|
|
$ |
9,612 |
|
Fleet utilization |
|
|
75 |
% |
|
|
79 |
% |
|
|
87 |
% |
|
|
77 |
% |
|
|
81 |
% |
Fleet available days |
|
|
1,533 |
|
|
|
1,564 |
|
|
|
1,651 |
|
|
|
1,800 |
|
|
|
1,717 |
|
Out-of-service days for repairs, maintenance and drydockings |
|
|
132 |
|
|
|
252 |
|
|
|
160 |
|
|
|
153 |
|
|
|
38 |
|
Out-of-service days for cold-stacked status |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
90 |
|
|
|
178 |
|
Operating
Revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Time charter |
|
$ |
12,802 |
|
|
$ |
11,712 |
|
|
$ |
13,906 |
|
|
$ |
13,660 |
|
|
$ |
13,402 |
|
Other marine services |
|
|
(66 |
) |
|
|
319 |
|
|
|
460 |
|
|
|
49 |
|
|
|
50 |
|
|
|
|
12,736 |
|
|
|
12,031 |
|
|
|
14,366 |
|
|
|
13,709 |
|
|
|
13,452 |
|
Direct Costs
and Expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Personnel |
|
|
5,270 |
|
|
|
5,384 |
|
|
|
5,691 |
|
|
|
6,031 |
|
|
|
5,756 |
|
Repairs and maintenance |
|
|
1,958 |
|
|
|
1,776 |
|
|
|
2,545 |
|
|
|
1,832 |
|
|
|
1,382 |
|
Drydocking |
|
|
244 |
|
|
|
3,113 |
|
|
|
2,250 |
|
|
|
962 |
|
|
|
232 |
|
Insurance and loss reserves |
|
|
821 |
|
|
|
762 |
|
|
|
748 |
|
|
|
507 |
|
|
|
611 |
|
Fuel, lubes and supplies |
|
|
1,335 |
|
|
|
1,426 |
|
|
|
1,318 |
|
|
|
1,010 |
|
|
|
1,042 |
|
Other |
|
|
915 |
|
|
|
878 |
|
|
|
1,213 |
|
|
|
1,627 |
|
|
|
2,148 |
|
|
|
|
10,543 |
|
|
|
13,339 |
|
|
|
13,765 |
|
|
|
11,969 |
|
|
|
11,171 |
|
Direct
Vessel (Loss) Profit(1) |
|
$ |
2,193 |
|
|
$ |
(1,308 |
) |
|
$ |
601 |
|
|
$ |
1,740 |
|
|
$ |
2,281 |
|
Other Costs
and Expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lease expense |
|
$ |
52 |
|
|
$ |
35 |
|
|
$ |
38 |
|
|
$ |
31 |
|
|
$ |
38 |
|
Depreciation and amortization |
|
|
3,783 |
|
|
|
3,974 |
|
|
|
4,229 |
|
|
|
4,345 |
|
|
|
4,156 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Latin America |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Time Charter
Statistics: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average rates per day worked |
|
$ |
14,009 |
|
|
$ |
14,010 |
|
|
$ |
14,263 |
|
|
$ |
13,450 |
|
|
$ |
15,944 |
|
Fleet utilization |
|
|
94 |
% |
|
|
93 |
% |
|
|
94 |
% |
|
|
85 |
% |
|
|
83 |
% |
Fleet available days |
|
|
767 |
|
|
|
780 |
|
|
|
816 |
|
|
|
787 |
|
|
|
889 |
|
Out-of-service days for repairs, maintenance and drydockings |
|
|
14 |
|
|
|
12 |
|
|
|
6 |
|
|
|
59 |
|
|
|
113 |
|
Operating
Revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Time charter |
|
$ |
10,114 |
|
|
$ |
10,162 |
|
|
$ |
10,909 |
|
|
$ |
8,937 |
|
|
$ |
11,714 |
|
Bareboat charter |
|
|
376 |
|
|
|
332 |
|
|
|
48 |
|
|
|
618 |
|
|
|
2,484 |
|
Other marine services |
|
|
590 |
|
|
|
419 |
|
|
|
534 |
|
|
|
747 |
|
|
|
2,055 |
|
|
|
|
11,080 |
|
|
|
10,913 |
|
|
|
11,491 |
|
|
|
10,302 |
|
|
|
16,253 |
|
Direct Costs
and Expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Personnel |
|
|
3,637 |
|
|
|
2,831 |
|
|
|
3,356 |
|
|
|
3,945 |
|
|
|
4,923 |
|
Repairs and maintenance |
|
|
1,422 |
|
|
|
1,489 |
|
|
|
1,917 |
|
|
|
2,279 |
|
|
|
2,469 |
|
Drydocking |
|
|
273 |
|
|
|
1 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Insurance and loss reserves |
|
|
172 |
|
|
|
347 |
|
|
|
270 |
|
|
|
326 |
|
|
|
283 |
|
Fuel, lubes and supplies |
|
|
938 |
|
|
|
563 |
|
|
|
748 |
|
|
|
584 |
|
|
|
692 |
|
Other |
|
|
472 |
|
|
|
393 |
|
|
|
685 |
|
|
|
703 |
|
|
|
1,388 |
|
|
|
|
6,914 |
|
|
|
5,624 |
|
|
|
6,976 |
|
|
|
7,837 |
|
|
|
9,755 |
|
Direct
Vessel Profit(1) |
|
$ |
4,166 |
|
|
$ |
5,289 |
|
|
$ |
4,515 |
|
|
$ |
2,465 |
|
|
$ |
6,498 |
|
Other Costs
and Expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lease expense |
|
$ |
65 |
|
|
$ |
400 |
|
|
$ |
219 |
|
|
$ |
340 |
|
|
$ |
1,622 |
|
'Depreciation and amortization |
|
|
2,246 |
|
|
|
1,987 |
|
|
|
2,111 |
|
|
|
2,130 |
|
|
|
2,769 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SEACOR MARINE HOLDINGS INC.
UNAUDITED PERFORMANCE BY VESSEL CLASS (in
thousands, except statistics)
|
|
Three Months
Ended |
|
|
|
Dec. 31, 2022 |
|
|
Sep. 30, 2022 |
|
|
Jun. 30, 2022 |
|
|
Mar. 31, 2022 |
|
|
Dec. 31, 2021 |
|
Anchor handling towing supply |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Time Charter
Statistics: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average rates per day worked |
|
$ |
9,254 |
|
|
$ |
8,848 |
|
|
$ |
8,887 |
|
|
$ |
8,908 |
|
|
$ |
8,069 |
|
Fleet utilization |
|
|
80 |
% |
|
|
67 |
% |
|
|
66 |
% |
|
|
66 |
% |
|
|
66 |
% |
Fleet available days |
|
|
460 |
|
|
|
552 |
|
|
|
546 |
|
|
|
540 |
|
|
|
552 |
|
Out-of-service days for repairs, maintenance and drydockings |
|
|
— |
|
|
|
92 |
|
|
|
56 |
|
|
|
2 |
|
|
|
14 |
|
Out-of-service days for cold-stacked status |
|
|
92 |
|
|
|
92 |
|
|
|
131 |
|
|
|
180 |
|
|
|
92 |
|
Operating
Revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Time charter |
|
$ |
3,406 |
|
|
$ |
3,256 |
|
|
$ |
3,191 |
|
|
$ |
3,188 |
|
|
$ |
2,926 |
|
Other marine services |
|
|
(168 |
) |
|
|
(183 |
) |
|
|
(143 |
) |
|
|
(160 |
) |
|
|
(129 |
) |
|
|
|
3,238 |
|
|
|
3,073 |
|
|
|
3,048 |
|
|
|
3,028 |
|
|
|
2,797 |
|
Direct Costs
and Expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Personnel |
|
$ |
1,220 |
|
|
$ |
1,022 |
|
|
$ |
1,050 |
|
|
$ |
1,136 |
|
|
$ |
1,389 |
|
Repairs and maintenance |
|
|
331 |
|
|
|
304 |
|
|
|
566 |
|
|
|
293 |
|
|
|
608 |
|
Drydocking |
|
|
6 |
|
|
|
28 |
|
|
|
(30 |
) |
|
|
(7 |
) |
|
|
1 |
|
Insurance and loss reserves |
|
|
94 |
|
|
|
150 |
|
|
|
146 |
|
|
|
(137 |
) |
|
|
148 |
|
Fuel, lubes and supplies |
|
|
259 |
|
|
|
399 |
|
|
|
215 |
|
|
|
144 |
|
|
|
321 |
|
Other |
|
|
283 |
|
|
|
228 |
|
|
|
435 |
|
|
|
439 |
|
|
|
556 |
|
|
|
|
2,193 |
|
|
|
2,131 |
|
|
|
2,382 |
|
|
|
1,868 |
|
|
|
3,023 |
|
Other Costs
and Expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lease expense |
|
$ |
300 |
|
|
$ |
450 |
|
|
$ |
450 |
|
|
$ |
449 |
|
|
$ |
353 |
|
Depreciation and amortization |
|
|
300 |
|
|
|
494 |
|
|
|
495 |
|
|
|
494 |
|
|
|
495 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fast
support |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Time Charter
Statistics: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average rates per day worked |
|
$ |
9,905 |
|
|
$ |
9,907 |
|
|
$ |
9,201 |
|
|
$ |
8,621 |
|
|
$ |
8,464 |
|
Fleet utilization |
|
|
86 |
% |
|
|
90 |
% |
|
|
85 |
% |
|
|
80 |
% |
|
|
79 |
% |
Fleet available days |
|
|
2,116 |
|
|
|
2,116 |
|
|
|
2,126 |
|
|
|
2,160 |
|
|
|
2,208 |
|
Out-of-service days for repairs, maintenance and drydockings |
|
|
146 |
|
|
|
103 |
|
|
|
108 |
|
|
|
167 |
|
|
|
137 |
|
Out-of-service days for cold-stacked status |
|
|
58 |
|
|
|
75 |
|
|
|
91 |
|
|
|
90 |
|
|
|
92 |
|
Operating
Revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Time charter |
|
$ |
18,062 |
|
|
$ |
18,837 |
|
|
$ |
16,525 |
|
|
$ |
14,900 |
|
|
$ |
14,857 |
|
Bareboat charter |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
386 |
|
Other marine services |
|
|
(224 |
) |
|
|
(15 |
) |
|
|
(174 |
) |
|
|
(254 |
) |
|
|
(380 |
) |
|
|
|
17,838 |
|
|
|
18,822 |
|
|
|
16,351 |
|
|
|
14,646 |
|
|
|
14,863 |
|
Direct Costs
and Expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Personnel |
|
$ |
5,140 |
|
|
$ |
5,289 |
|
|
$ |
4,880 |
|
|
$ |
5,070 |
|
|
$ |
5,581 |
|
Repairs and maintenance |
|
|
2,957 |
|
|
|
2,738 |
|
|
|
2,458 |
|
|
|
1,800 |
|
|
|
2,151 |
|
Drydocking |
|
|
1,434 |
|
|
|
656 |
|
|
|
(201 |
) |
|
|
1,277 |
|
|
|
494 |
|
Insurance and loss reserves |
|
|
453 |
|
|
|
410 |
|
|
|
372 |
|
|
|
260 |
|
|
|
390 |
|
Fuel, lubes and supplies |
|
|
1,797 |
|
|
|
1,572 |
|
|
|
1,187 |
|
|
|
1,544 |
|
|
|
1,355 |
|
Other |
|
|
1,638 |
|
|
|
1,284 |
|
|
|
1,311 |
|
|
|
1,941 |
|
|
|
2,156 |
|
|
|
|
13,419 |
|
|
|
11,949 |
|
|
|
10,007 |
|
|
|
11,892 |
|
|
|
12,127 |
|
Other Costs
and Expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lease expense |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
353 |
|
Depreciation and amortization |
|
|
4,972 |
|
|
|
4,972 |
|
|
|
5,010 |
|
|
|
4,945 |
|
|
|
4,929 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SEACOR MARINE HOLDINGS INC.
UNAUDITED PERFORMANCE BY VESSEL CLASS (continued)
(in thousands, except statistics)
|
|
Three Months
Ended |
|
|
|
Dec. 31, 2022 |
|
|
Sep. 30, 2022 |
|
|
Jun. 30, 2022 |
|
|
Mar. 31, 2022 |
|
|
Dec. 31, 2021 |
|
PSV |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Time Charter
Statistics: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average rates per day worked |
|
$ |
13,519 |
|
|
$ |
13,772 |
|
|
$ |
13,422 |
|
|
$ |
12,188 |
|
|
$ |
11,586 |
|
Fleet utilization |
|
|
69 |
% |
|
|
78 |
% |
|
|
86 |
% |
|
|
72 |
% |
|
|
79 |
% |
Fleet available days |
|
|
1,840 |
|
|
|
1,840 |
|
|
|
1,820 |
|
|
|
1,800 |
|
|
|
1,380 |
|
Out-of-service days for repairs, maintenance and drydockings |
|
|
142 |
|
|
|
152 |
|
|
|
26 |
|
|
|
233 |
|
|
|
117 |
|
Out-of-service days for cold-stacked status |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
117 |
|
Operating
Revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Time charter |
|
$ |
17,194 |
|
|
$ |
19,687 |
|
|
$ |
20,983 |
|
|
$ |
15,823 |
|
|
$ |
12,675 |
|
Bareboat charter |
|
|
376 |
|
|
|
332 |
|
|
|
48 |
|
|
|
618 |
|
|
|
— |
|
Other marine services |
|
|
222 |
|
|
|
720 |
|
|
|
575 |
|
|
|
44 |
|
|
|
410 |
|
|
|
|
17,792 |
|
|
|
20,739 |
|
|
|
21,606 |
|
|
|
16,485 |
|
|
|
13,085 |
|
Direct Costs
and Expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Personnel |
|
$ |
8,961 |
|
|
$ |
8,427 |
|
|
$ |
7,889 |
|
|
$ |
8,193 |
|
|
$ |
6,141 |
|
Repairs and maintenance |
|
|
2,998 |
|
|
|
2,839 |
|
|
|
3,184 |
|
|
|
3,701 |
|
|
|
2,191 |
|
Drydocking |
|
|
770 |
|
|
|
1,025 |
|
|
|
(32 |
) |
|
|
1,302 |
|
|
|
— |
|
Insurance and loss reserves |
|
|
552 |
|
|
|
734 |
|
|
|
551 |
|
|
|
428 |
|
|
|
280 |
|
Fuel, lubes and supplies |
|
|
2,842 |
|
|
|
2,038 |
|
|
|
1,701 |
|
|
|
1,434 |
|
|
|
998 |
|
Other |
|
|
1,420 |
|
|
|
1,275 |
|
|
|
1,631 |
|
|
|
1,348 |
|
|
|
1,957 |
|
|
|
|
17,543 |
|
|
|
16,338 |
|
|
|
14,924 |
|
|
|
16,406 |
|
|
|
11,567 |
|
Other Costs
and Expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lease expense |
|
$ |
— |
|
|
$ |
332 |
|
|
$ |
154 |
|
|
$ |
291 |
|
|
$ |
— |
|
Depreciation and amortization |
|
|
4,099 |
|
|
|
3,810 |
|
|
|
3,785 |
|
|
|
3,786 |
|
|
|
3,155 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Specialty |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Time Charter
Statistics: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fleet available days |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
90 |
|
|
|
92 |
|
Out-of-service days for cold-stacked status |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
90 |
|
|
|
92 |
|
Direct Costs
and Expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Personnel |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
1 |
|
|
$ |
6 |
|
Repairs and maintenance |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(28 |
) |
Insurance and loss reserves |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
2 |
|
|
|
1 |
|
Fuel, lubes and supplies |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
2 |
|
|
|
2 |
|
Other |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
11 |
|
|
|
18 |
|
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
16 |
|
|
|
(1 |
) |
SEACOR MARINE HOLDINGS INC.
UNAUDITED PERFORMANCE BY VESSEL CLASS (continued)
(in thousands, except statistics)
|
|
Three Months
Ended |
|
|
|
Dec. 31, 2022 |
|
|
Sep. 30, 2022 |
|
|
Jun. 30, 2022 |
|
|
Mar. 31, 2022 |
|
|
Dec. 31, 2021 |
|
Liftboats |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Time Charter
Statistics: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average rates per day worked |
|
$ |
31,717 |
|
|
$ |
27,447 |
|
|
$ |
24,712 |
|
|
$ |
22,416 |
|
|
$ |
23,409 |
|
Fleet utilization |
|
|
61 |
% |
|
|
65 |
% |
|
|
44 |
% |
|
|
49 |
% |
|
|
61 |
% |
Fleet available days |
|
|
828 |
|
|
|
828 |
|
|
|
819 |
|
|
|
810 |
|
|
|
828 |
|
Out-of-service days for repairs, maintenance and drydockings |
|
|
90 |
|
|
|
154 |
|
|
|
318 |
|
|
|
179 |
|
|
|
58 |
|
Out-of-service days for cold-stacked status |
|
|
92 |
|
|
|
92 |
|
|
|
91 |
|
|
|
134 |
|
|
|
184 |
|
Operating
Revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Time charter |
|
$ |
16,127 |
|
|
$ |
14,720 |
|
|
$ |
8,805 |
|
|
$ |
8,830 |
|
|
$ |
11,831 |
|
Bareboat charter |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
2,484 |
|
Other marine services |
|
|
1,842 |
|
|
|
1,421 |
|
|
|
3,283 |
|
|
|
1,463 |
|
|
|
1,121 |
|
|
|
|
17,969 |
|
|
|
16,141 |
|
|
|
12,088 |
|
|
|
10,293 |
|
|
|
15,436 |
|
Direct Costs
and Expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Personnel |
|
$ |
5,520 |
|
|
$ |
5,419 |
|
|
$ |
4,515 |
|
|
$ |
4,035 |
|
|
$ |
4,068 |
|
Repairs and maintenance |
|
|
2,674 |
|
|
|
1,560 |
|
|
|
2,132 |
|
|
|
1,012 |
|
|
|
1,859 |
|
Drydocking |
|
|
(543 |
) |
|
|
3,337 |
|
|
|
6,737 |
|
|
|
2,401 |
|
|
|
72 |
|
Insurance and loss reserves |
|
|
2,271 |
|
|
|
1,552 |
|
|
|
1,548 |
|
|
|
1,215 |
|
|
|
1,070 |
|
Fuel, lubes and supplies |
|
|
896 |
|
|
|
1,408 |
|
|
|
1,230 |
|
|
|
605 |
|
|
|
589 |
|
Other |
|
|
359 |
|
|
|
387 |
|
|
|
655 |
|
|
|
644 |
|
|
|
856 |
|
|
|
|
11,177 |
|
|
|
13,663 |
|
|
|
16,817 |
|
|
|
9,912 |
|
|
|
8,514 |
|
Other Costs
and Expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lease expense |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
1,569 |
|
Depreciation and amortization |
|
|
4,210 |
|
|
|
4,429 |
|
|
|
4,870 |
|
|
|
4,964 |
|
|
|
5,171 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Activity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating
Revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other marine services |
|
$ |
1,089 |
|
|
$ |
1,016 |
|
|
$ |
924 |
|
|
$ |
1,139 |
|
|
$ |
1,786 |
|
|
|
|
1,089 |
|
|
|
1,016 |
|
|
|
924 |
|
|
|
1,139 |
|
|
|
1,786 |
|
Direct Costs
and Expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Personnel |
|
$ |
8 |
|
|
$ |
(5 |
) |
|
$ |
12 |
|
|
$ |
— |
|
|
$ |
(87 |
) |
Repairs and maintenance |
|
|
(12 |
) |
|
|
(64 |
) |
|
|
40 |
|
|
|
(15 |
) |
|
|
1 |
|
Insurance and loss reserves |
|
|
11 |
|
|
|
4 |
|
|
|
(72 |
) |
|
|
(582 |
) |
|
|
(30 |
) |
Fuel, lubes and supplies |
|
|
— |
|
|
|
(1 |
) |
|
|
17 |
|
|
|
— |
|
|
|
(11 |
) |
Other |
|
|
(1 |
) |
|
|
(9 |
) |
|
|
18 |
|
|
|
(1 |
) |
|
|
(67 |
) |
|
|
|
6 |
|
|
|
(75 |
) |
|
|
15 |
|
|
|
(598 |
) |
|
|
(194 |
) |
Other Costs
and Expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lease expense |
|
$ |
333 |
|
|
$ |
386 |
|
|
$ |
404 |
|
|
$ |
320 |
|
|
$ |
389 |
|
Depreciation and amortization |
|
|
43 |
|
|
|
49 |
|
|
|
48 |
|
|
|
182 |
|
|
|
448 |
|
SEACOR MARINE HOLDINGS INC.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)
|
|
Dec. 31, 2022 |
|
|
Sep. 30, 2022 |
|
|
Jun. 30, 2022 |
|
|
Mar. 31, 2022 |
|
|
Dec. 31, 2021 |
|
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
39,963 |
|
|
$ |
47,514 |
|
|
$ |
22,608 |
|
|
$ |
36,315 |
|
|
$ |
37,619 |
|
Restricted cash |
|
|
3,082 |
|
|
|
3,296 |
|
|
|
3,296 |
|
|
|
3,596 |
|
|
|
3,601 |
|
Receivables: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trade, net of allowance for credit loss accounts |
|
|
54,388 |
|
|
|
58,572 |
|
|
|
55,276 |
|
|
|
49,238 |
|
|
|
55,544 |
|
Other |
|
|
7,638 |
|
|
|
6,647 |
|
|
|
7,437 |
|
|
|
8,799 |
|
|
|
6,118 |
|
Note receivable |
|
|
15,000 |
|
|
|
20,000 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Tax receivable |
|
|
578 |
|
|
|
79 |
|
|
|
79 |
|
|
|
1,238 |
|
|
|
1,238 |
|
Inventories |
|
|
2,123 |
|
|
|
2,059 |
|
|
|
1,723 |
|
|
|
1,297 |
|
|
|
928 |
|
Prepaid expenses and other |
|
|
3,054 |
|
|
|
4,700 |
|
|
|
5,391 |
|
|
|
3,724 |
|
|
|
3,730 |
|
Assets held for sale |
|
|
6,750 |
|
|
|
6,000 |
|
|
|
— |
|
|
|
— |
|
|
|
2,235 |
|
Total current assets |
|
|
132,576 |
|
|
|
148,867 |
|
|
|
95,810 |
|
|
|
104,207 |
|
|
|
111,013 |
|
Property and
Equipment: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Historical cost |
|
|
967,683 |
|
|
|
992,423 |
|
|
|
1,000,147 |
|
|
|
1,006,873 |
|
|
|
1,008,080 |
|
Accumulated depreciation |
|
|
(310,778 |
) |
|
|
(321,898 |
) |
|
|
(325,091 |
) |
|
|
(316,444 |
) |
|
|
(302,328 |
) |
|
|
|
656,905 |
|
|
|
670,525 |
|
|
|
675,056 |
|
|
|
690,429 |
|
|
|
705,752 |
|
Construction in progress |
|
|
8,111 |
|
|
|
8,422 |
|
|
|
15,576 |
|
|
|
15,550 |
|
|
|
15,531 |
|
Net property and equipment |
|
|
665,016 |
|
|
|
678,947 |
|
|
|
690,632 |
|
|
|
705,979 |
|
|
|
721,283 |
|
Right-of-use
asset - operating leases |
|
|
6,206 |
|
|
|
4,419 |
|
|
|
5,686 |
|
|
|
6,238 |
|
|
|
6,608 |
|
Right-of-use
asset - finance leases |
|
|
6,813 |
|
|
|
6,972 |
|
|
|
7,131 |
|
|
|
7,290 |
|
|
|
100 |
|
Investments,
at equity, and advances to 50% or less owned companies |
|
|
3,024 |
|
|
|
1,901 |
|
|
|
75,923 |
|
|
|
76,860 |
|
|
|
71,727 |
|
Other
assets |
|
|
1,995 |
|
|
|
1,887 |
|
|
|
1,932 |
|
|
|
2,057 |
|
|
|
1,771 |
|
Total assets |
|
$ |
815,630 |
|
|
$ |
842,993 |
|
|
$ |
877,114 |
|
|
$ |
902,631 |
|
|
$ |
912,502 |
|
LIABILITIES AND EQUITY |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current portion of operating lease liabilities |
|
$ |
2,358 |
|
|
$ |
1,792 |
|
|
$ |
2,010 |
|
|
$ |
2,073 |
|
|
$ |
1,986 |
|
Current portion of finance lease liabilities |
|
|
468 |
|
|
|
374 |
|
|
|
282 |
|
|
|
190 |
|
|
|
33 |
|
Current portion of long-term debt |
|
|
61,512 |
|
|
|
57,567 |
|
|
|
33,398 |
|
|
|
32,708 |
|
|
|
31,602 |
|
Accounts payable and accrued expenses |
|
|
37,954 |
|
|
|
36,248 |
|
|
|
39,262 |
|
|
|
32,585 |
|
|
|
28,419 |
|
Due to SEACOR Holdings |
|
|
264 |
|
|
|
264 |
|
|
|
264 |
|
|
|
264 |
|
|
|
274 |
|
Other current liabilities |
|
|
18,869 |
|
|
|
22,032 |
|
|
|
22,171 |
|
|
|
23,723 |
|
|
|
22,351 |
|
Total current liabilities |
|
|
121,425 |
|
|
|
118,277 |
|
|
|
97,387 |
|
|
|
91,543 |
|
|
|
84,665 |
|
Long-term
operating lease liabilities |
|
|
4,739 |
|
|
|
3,759 |
|
|
|
4,026 |
|
|
|
4,420 |
|
|
|
4,885 |
|
Long-term
finance lease liabilities |
|
|
6,781 |
|
|
|
6,916 |
|
|
|
7,050 |
|
|
|
7,183 |
|
|
|
76 |
|
Long-term
debt |
|
|
260,119 |
|
|
|
282,556 |
|
|
|
318,699 |
|
|
|
326,264 |
|
|
|
332,762 |
|
Conversion
option liability on convertible senior notes |
|
|
— |
|
|
|
— |
|
|
|
1 |
|
|
|
34 |
|
|
|
— |
|
Deferred
income taxes |
|
|
40,779 |
|
|
|
39,823 |
|
|
|
33,743 |
|
|
|
37,153 |
|
|
|
40,682 |
|
Deferred
gains and other liabilities |
|
|
2,641 |
|
|
|
2,692 |
|
|
|
2,701 |
|
|
|
2,990 |
|
|
|
2,891 |
|
Total liabilities |
|
|
436,484 |
|
|
|
454,023 |
|
|
|
463,607 |
|
|
|
469,587 |
|
|
|
465,961 |
|
Equity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SEACOR Marine Holdings Inc. stockholders’ equity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common stock |
|
|
272 |
|
|
|
272 |
|
|
|
272 |
|
|
|
269 |
|
|
|
262 |
|
Additional paid-in capital |
|
|
466,669 |
|
|
|
465,449 |
|
|
|
464,222 |
|
|
|
463,138 |
|
|
|
461,931 |
|
Accumulated deficit |
|
|
(93,111 |
) |
|
|
(79,769 |
) |
|
|
(55,418 |
) |
|
|
(37,744 |
) |
|
|
(22,907 |
) |
Shares held in treasury |
|
|
(1,852 |
) |
|
|
(1,852 |
) |
|
|
(1,852 |
) |
|
|
(1,792 |
) |
|
|
(1,120 |
) |
Accumulated other comprehensive income, net of tax |
|
|
6,847 |
|
|
|
4,549 |
|
|
|
5,960 |
|
|
|
8,853 |
|
|
|
8,055 |
|
|
|
|
378,825 |
|
|
|
388,649 |
|
|
|
413,184 |
|
|
|
432,724 |
|
|
|
446,221 |
|
Noncontrolling interests in subsidiaries |
|
|
321 |
|
|
|
321 |
|
|
|
323 |
|
|
|
320 |
|
|
|
320 |
|
Total equity |
|
|
379,146 |
|
|
|
388,970 |
|
|
|
413,507 |
|
|
|
433,044 |
|
|
|
446,541 |
|
Total liabilities and equity |
|
$ |
815,630 |
|
|
$ |
842,993 |
|
|
$ |
877,114 |
|
|
$ |
902,631 |
|
|
$ |
912,502 |
|
SEACOR MARINE HOLDINGS INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH
FLOWS (in thousands)
|
|
Three Months
Ended |
|
|
|
Dec. 31, 2022 |
|
|
Sep. 30, 2022 |
|
|
Jun. 30, 2022 |
|
|
Mar. 31, 2022 |
|
|
Dec. 31, 2021 |
|
Cash Flows
from Continuing Operating Activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net (Loss) Income |
|
$ |
(13,342 |
) |
|
$ |
(24,353 |
) |
|
$ |
(19,117 |
) |
|
$ |
(14,837 |
) |
|
$ |
(15,846 |
) |
Adjustments to reconcile net (loss) income to net cash (used in)
provided by operating activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization |
|
|
13,624 |
|
|
|
13,754 |
|
|
|
14,208 |
|
|
|
14,371 |
|
|
|
14,198 |
|
Deferred financing costs amortization |
|
|
(997 |
) |
|
|
350 |
|
|
|
364 |
|
|
|
291 |
|
|
|
328 |
|
Stock-based compensation expense |
|
|
1,220 |
|
|
|
1,227 |
|
|
|
1,076 |
|
|
|
1,074 |
|
|
|
1,243 |
|
Debt discount amortization |
|
|
1,449 |
|
|
|
1,817 |
|
|
|
1,736 |
|
|
|
1,691 |
|
|
|
1,614 |
|
Allowance for credit losses |
|
|
11 |
|
|
|
(53 |
) |
|
|
701 |
|
|
|
(170 |
) |
|
|
585 |
|
(Gain) loss from equipment sales, retirements or impairments |
|
|
(1,017 |
) |
|
|
1,783 |
|
|
|
(25 |
) |
|
|
(2,139 |
) |
|
|
— |
|
Gain on debt extinguishment |
|
|
(12,700 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Derivative (gains) losses |
|
|
— |
|
|
|
(1 |
) |
|
|
(33 |
) |
|
|
34 |
|
|
|
(4 |
) |
Interest on finance lease |
|
|
73 |
|
|
|
73 |
|
|
|
73 |
|
|
|
25 |
|
|
|
1 |
|
Cash settlement payments on derivative transactions, net |
|
|
33 |
|
|
|
(131 |
) |
|
|
(278 |
) |
|
|
(373 |
) |
|
|
(403 |
) |
Currency losses (gains) |
|
|
2,646 |
|
|
|
(2,314 |
) |
|
|
(1,170 |
) |
|
|
(821 |
) |
|
|
357 |
|
Deferred income taxes |
|
|
957 |
|
|
|
6,079 |
|
|
|
(3,410 |
) |
|
|
(3,529 |
) |
|
|
(2,781 |
) |
Equity (earnings) losses |
|
|
(1,176 |
) |
|
|
254 |
|
|
|
(415 |
) |
|
|
(5,674 |
) |
|
|
(4,494 |
) |
Dividends received from equity investees |
|
|
74 |
|
|
|
1,096 |
|
|
|
1,162 |
|
|
|
725 |
|
|
|
817 |
|
Changes in
Operating Assets and Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts receivables |
|
|
2,304 |
|
|
|
(2,384 |
) |
|
|
(4,476 |
) |
|
|
3,904 |
|
|
|
(1,157 |
) |
Other assets |
|
|
3,296 |
|
|
|
966 |
|
|
|
(1,539 |
) |
|
|
(164 |
) |
|
|
1,656 |
|
Accounts payable and accrued liabilities |
|
|
769 |
|
|
|
(4,900 |
) |
|
|
4,925 |
|
|
|
6,707 |
|
|
|
7,915 |
|
Net cash (used in) provided by operating activities |
|
|
(2,776 |
) |
|
|
(6,737 |
) |
|
|
(6,218 |
) |
|
|
1,115 |
|
|
|
4,029 |
|
Cash Flows
from Continuing Investing Activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchases of property and equipment |
|
|
(185 |
) |
|
|
(240 |
) |
|
|
(17 |
) |
|
|
(20 |
) |
|
|
(443 |
) |
Proceeds from disposition of property and equipment |
|
|
53 |
|
|
|
— |
|
|
|
1,371 |
|
|
|
5,310 |
|
|
|
— |
|
Net investing activities in property and equipment |
|
|
(132 |
) |
|
|
(240 |
) |
|
|
1,354 |
|
|
|
5,290 |
|
|
|
(443 |
) |
Investments in and advances to 50% or less owned companies |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(2,272 |
) |
Principal payments on notes due from equity investees |
|
|
— |
|
|
|
177 |
|
|
|
175 |
|
|
|
176 |
|
|
|
(630 |
) |
Cash received from acquisition of 50% or less owned company |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
172 |
|
Proceeds from sale of investment in equity investees |
|
|
— |
|
|
|
66,000 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Notes due from others |
|
|
— |
|
|
|
(28,831 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Principal payments on notes due from others |
|
|
5,000 |
|
|
|
8,831 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Net cash provided by (used in) investing activities |
|
|
4,868 |
|
|
|
45,937 |
|
|
|
1,529 |
|
|
|
5,466 |
|
|
|
(3,173 |
) |
Cash Flows
from Continuing Financing Activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Payments on long-term debt |
|
|
(7,470 |
) |
|
|
(14,182 |
) |
|
|
(9,152 |
) |
|
|
(7,348 |
) |
|
|
(5,981 |
) |
Payments on debt extinguishment cost |
|
|
(2,271 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Payments on finance leases |
|
|
(114 |
) |
|
|
(114 |
) |
|
|
(114 |
) |
|
|
(9 |
) |
|
|
(9 |
) |
Proceeds from exercise of stock options |
|
|
— |
|
|
|
— |
|
|
|
11 |
|
|
|
140 |
|
|
|
— |
|
Acquisition of common shares for tax withholding obligations |
|
|
— |
|
|
|
— |
|
|
|
(60 |
) |
|
|
(672 |
) |
|
|
— |
|
Exercise of warrants |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1 |
|
Net cash used in financing activities |
|
|
(9,855 |
) |
|
|
(14,296 |
) |
|
|
(9,315 |
) |
|
|
(7,889 |
) |
|
|
(5,989 |
) |
Effects of
Exchange Rate Changes on Cash and Cash Equivalents |
|
|
(2 |
) |
|
|
2 |
|
|
|
(3 |
) |
|
|
(1 |
) |
|
|
(1 |
) |
Net Change
in Cash, Cash Equivalents and Restricted Cash |
|
|
(7,765 |
) |
|
|
24,906 |
|
|
|
(14,007 |
) |
|
|
(1,309 |
) |
|
|
(5,134 |
) |
Cash,
Restricted Cash and Cash Equivalents, Beginning of Period |
|
|
50,810 |
|
|
|
25,904 |
|
|
|
39,911 |
|
|
|
41,220 |
|
|
|
46,354 |
|
Cash,
Restricted Cash and Cash Equivalents, End of Period |
|
$ |
43,045 |
|
|
$ |
50,810 |
|
|
$ |
25,904 |
|
|
$ |
39,911 |
|
|
$ |
41,220 |
|
SEACOR MARINE HOLDINGS INC.
UNAUDITED FLEET COUNTS
|
|
Owned |
|
|
Joint Ventured(1) |
|
|
Leased-in |
|
|
Managed |
|
|
Total |
|
December 31, 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AHTS |
|
|
3 |
|
|
|
— |
|
|
|
2 |
|
|
|
— |
|
|
|
5 |
|
FSV |
|
|
22 |
|
|
|
— |
|
|
|
1 |
|
|
|
2 |
|
|
|
25 |
|
PSV |
|
|
21 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
21 |
|
Liftboats |
|
|
9 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
9 |
|
|
|
|
55 |
|
|
|
— |
|
|
|
3 |
|
|
|
2 |
|
|
|
60 |
|
December 31, 2021 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AHTS |
|
|
4 |
|
|
|
— |
|
|
|
2 |
|
|
|
— |
|
|
|
6 |
|
FSV |
|
|
23 |
|
|
|
5 |
|
|
|
1 |
|
|
|
1 |
|
|
|
30 |
|
PSV |
|
|
20 |
|
|
|
15 |
|
|
|
— |
|
|
|
— |
|
|
|
35 |
|
Specialty(2) |
|
|
1 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1 |
|
Liftboats(3) |
|
|
9 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
9 |
|
|
|
|
57 |
|
|
|
20 |
|
|
|
3 |
|
|
|
1 |
|
|
|
81 |
|
(1) On September 29, 2022, the Company sold its equity interests
in MexMar and OVH and acquired 100% of the equity interest in
SEACOR Marlin LLC, resulting in the Company no longer operating
joint-ventured vessels. (2) One owned vessel classified as a
CTV Operations as of December 31, 2020 was reclassified as a
specialty vessel as of January 12, 2021 and removed from service in
the second quarter of 2022. Removed from service vessels are not
counted in active fleet count. (3) In the second quarter of
2021, the Company removed from service four liftboats. Removed from
service vessels are not counted in active fleet count.
SEACOR Marine (NYSE:SMHI)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
SEACOR Marine (NYSE:SMHI)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024