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Seacor Marine Ho - SMHI STOCK NEWS

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SEACOR Marine Holdings Inc. (Symbol: SMHI) is a prominent entity in the marine transportation sector, with its primary operations based at 11200 Richmond Ave #400, Houston, Texas, United States. The company offers a broad spectrum of worldwide marine and support transportation services, aimed predominantly at offshore energy facilities. SEACOR Marine’s diverse fleet of offshore support vessels is instrumental in delivering cargo and personnel to offshore installations, including wind farms. These vessels also support a range of activities such as anchor handling, mooring equipment management, offshore rig and platform services, and more.

SEACOR Marine's operations span several key geographical segments, including the United States (Gulf of Mexico), Africa and Europe, the Middle East and Asia, and Latin America. This extensive geographical reach underscores the company’s capability to meet the global demands of offshore energy facilities.

The company is dedicated to enhancing operational efficiency and minimizing environmental impact, which is evident from its latest initiative to upgrade four of its Platform Supply Vessels (PSVs) to hybrid power. The vessels involved in this contract—SEACOR Ohio, SEACOR Alps, SEACOR Andes, and SEACOR Atlas—are set to be equipped with the Kongsberg Maritime UT771 CDL Design, featuring battery hybrid operation systems. This transformation, expected to commence in December 2024 and complete by the second quarter of 2025, will significantly reduce fuel consumption and greenhouse gas emissions.

SEACOR’s commitment to innovation and environmental stewardship is reflected in their investment in these energy storage systems, marking a substantial step towards a sustainable future. The company’s executive leadership, including CEO John Gellert, has emphasized the importance of these advancements in maintaining operational efficiency and reducing environmental footprints.

For the latest updates on SEACOR Marine’s projects and financial performance, investors and stakeholders can refer to their website and public 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.

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SEACOR Marine Holdings Inc. publishes 2022-2023 Sustainability Report, highlighting commitment to environment and social responsibility.
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SEACOR Marine Holdings Inc. announces first quarter results with improved revenues and DVP
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SEACOR Marine Holdings Inc. (NYSE: SMHI) has mandated Clarksons Securities AS and DNB Markets to arrange fixed income investor calls starting April 24, 2023. Following these meetings, the company may proceed with an offering of new USD-denominated 5-year senior secured bonds, contingent on market conditions. The anticipated net proceeds from the bond issuance will be used for refinancing outstanding secured debt and general corporate purposes. These bonds will be privately placed in the U.S. in accordance with securities laws and sold outside the U.S. under Regulation S of the Securities Act of 1933. SEACOR Marine provides vital marine and support transportation services to offshore energy facilities, managing a diverse fleet that supports various offshore operations.

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SEACOR Marine Holdings Inc. (NYSE: SMHI) reported its fourth quarter 2022 results, revealing consolidated operating revenues of $57.9 million, an operating loss of $10.5 million, and direct vessel profit (DVP) of $13.6 million. This reflects a 20.8% revenue increase year-over-year but a 3.1% decrease sequentially. Average utilization rose to 76%, the highest in the fourth quarter since 2013. The company extended the maturity of $125 million in senior convertible debt. Despite higher repair costs impacting DVP, SEACOR Marine is optimistic about growth prospects in 2023, especially in the liftboat sector and hybrid propulsion advancements.

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SEACOR Marine Holdings Inc. (SMHI) reported third-quarter results, showing consolidated revenues of $59.8 million with an operating loss of $10.9 million. Compared to $43.7 million in Q3 2021 and $54.0 million in Q2 2022, revenues increased by 37% year-over-year. DVP stood at $15.8 million, reflecting improvements in utilization at 79%, the highest since Q4 2013. Key highlights include a $66.0 million sale of joint ventures in Mexico and refinancing efforts that extend credit facility maturities to 2026. Loss from continuing operations was $24.4 million or ($0.91) per share.

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SEACOR Marine Holdings (NYSE:SMHI) announced significant financial maneuvers, including the sale of minority equity interests in Mexican joint ventures for $66 million and refinancing over $175 million in debt maturities to 2026. The sale marks a lucrative exit from long-standing investments while retaining operational ties through equipment charters. The refinancing, supported by major lenders, enhances liquidity and extends debt maturities, paving the way for future opportunities amid an industry upcycle.

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SEACOR Marine Holdings Inc. (NYSE: SMHI) reported its second-quarter 2022 results, showcasing consolidated operating revenues of $54.0 million, up 26% from $42.8 million in Q2 2021. However, the company faced an operating loss of $15.5 million and a net loss from continuing operations of $19.1 million ($0.72 loss per share). Average utilization rates improved to 77%, the highest since Q2 2014. Notably, the company experienced a 151% increase in dry docking and repairs compared to Q2 2021. CEO John Gellert remains optimistic about future performance as repairs conclude.

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SEACOR Marine Holdings reported first-quarter 2022 results with operating revenues of $45.6 million, up 25% from $36.5 million in Q1 2021. The operating loss was $17.1 million compared to $16.6 million in the previous year, while Direct Vessel Profit (DVP) decreased to $6.1 million from $10.2 million. Notably, average utilization rates reached 70%, the highest since 2014. The net loss was $14.8 million, a slight improvement from $16.9 million year-over-year. CEO John Gellert highlighted strong demand and anticipated positive cash flows as the year progresses.

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FAQ

What is the current stock price of Seacor Marine Ho (SMHI)?

The current stock price of Seacor Marine Ho (SMHI) is $5.79 as of February 28, 2025.

What is the market cap of Seacor Marine Ho (SMHI)?

The market cap of Seacor Marine Ho (SMHI) is approximately 164.9M.

What services does SEACOR Marine Holdings Inc. provide?

SEACOR Marine offers marine and support transportation services to offshore energy facilities, including cargo delivery, personnel transport, and anchor handling.

Where is SEACOR Marine Holdings Inc. located?

The company's primary office is located at 11200 Richmond Ave #400, Houston, Texas, United States.

Which regions does SEACOR Marine operate in?

SEACOR Marine operates in the United States (Gulf of Mexico), Africa and Europe, the Middle East and Asia, and Latin America.

What recent projects has SEACOR Marine announced?

SEACOR Marine has announced the upgrade of four Platform Supply Vessels to hybrid power systems, enhancing operational efficiency and reducing environmental impact.

Who is the CEO of SEACOR Marine Holdings Inc.?

John Gellert is the Chief Executive Officer of SEACOR Marine Holdings Inc.

How does SEACOR Marine contribute to environmental sustainability?

SEACOR Marine invests in green technologies, including hybrid power systems for its vessels, reducing fuel consumption and greenhouse gas emissions.

What types of vessels are included in SEACOR Marine’s fleet?

SEACOR Marine operates a diverse fleet including offshore support vessels, Platform Supply Vessels (PSVs), and anchor handling tugs.

How can investors get more information about SEACOR Marine?

Investors can visit SEACOR Marine’s website and refer to their public filings with the SEC, such as Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q.

What is the significance of the Kongsberg Maritime UT771 CDL Design?

The Kongsberg Maritime UT771 CDL Design is a hybrid power system that reduces fuel consumption and emissions, enhancing the operational efficiency of SEACOR’s vessels.

How is SEACOR Marine positioning itself for the future?

SEACOR Marine is focusing on innovation and environmental stewardship by upgrading its fleet with hybrid power systems, aiming to enhance sustainability and meet global offshore energy demands.
Seacor Marine Ho

NYSE:SMHI

SMHI Rankings

SMHI Stock Data

164.91M
22.84M
12.47%
57.62%
2.94%
Marine Shipping
Deep Sea Foreign Transportation of Freight
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United States
HOUSTON