SEACOR Marine Holdings

SEACOR Marine Holdings, Inc. engages in the provision of offshore marine business. It offers global marine and support transportation services to offshore oil & gas exploration, development, and production facilities. It operates its fleet in five principal geographic regions: The United States, primarily in the Gulf of Mexico, Africa, primarily in West Africa, the Middle East and Asia, Latin America, primarily in Mexico, Brazil and Guyana, and Europe, primarily in the North Sea. The company is involved in the operation of support and specialty vessels for and among independent oil, gas exploration, production, and emerging independent companies. It operates through the following segments: Time Charter and Bareboat Charters. The Time Charter segment offers vessels to customers based upon daily rates of hire. The Bareboat Charter segment is the support of vessels among customers where the customer assumes responsibility for all operating expenses and all risk of operation. The company was founded on December 15, 2014 and is headquartered in Houston, TX.

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SEACOR Marine Holdings, Inc. engages in the provision of offshore marine business. It offers global marine and support transportation services to offshore oil & gas exploration, development, and production facilities. It operates through the following geographic segments: United States (primarily in the Gulf of Mexico), Africa and Europe, Middle East and Asia, and Latin America. The company was founded on December 15, 2014, and is headquartered in Houston, TX.

SEACOR Marine offers value for investors seeking offshore industry exposure with strong financial results and improved liquidity. The OSV market is in the expansion phase with constrained supply, rising demand, and geopolitical uncertainty. OSV demand is expected to grow by 13% over the next three years. Operating revenue increased to $279 million in FY23, 28% higher than in FY22. SMHI delivered $35.5 million operating income in 2023. SMHI is financially sound, with a healthy capital structure.

Seacor Marine: Deepening OSV Deficit And Improved Financials, Rating Upgrade To Buy

HOUSTON, Feb. 29, 2024 (GLOBE NEWSWIRE) -- 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, 2023.

SEACOR Marine Announces Fourth Quarter 2023 Results

Continues SEACOR Marine's commitment to enhance operational efficiency and reduce environmental impact Continues SEACOR Marine's commitment to enhance operational efficiency and reduce environmental impact

SEACOR Marine Announces Upgrade of Four PSVs with Kongsberg Maritime Energy Storage Systems

The OSV market is expected to face a deficit due to low order book levels and declining shipyard capacity, but growing demand from deep-water protects. SEACOR Marine is one of the major players in the industry. The company owns a fleet of 59 vessels at an average age of 9.1, operating globally. In September, the company signed a new $122 million secured credit facility. It consolidated five separate facilities, with maturities in 2023-2026. The consolidated maturity is moved to 2028.

SEACOR Marine: Good Company, But Not Good Enough

HOUSTON, Nov. 01, 2023 (GLOBE NEWSWIRE) -- 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 third quarter ended September 30, 2023.

SEACOR Marine Announces Third Quarter 2023 Results

Shares of leading offshore transportation services provider SEACOR Marine Holdings reached a new 52-week high last week. Three weeks ago, the company managed to refinance an aggregate $104.6 million in near-term debt maturities with a new $122 million secured credit facility provided by affiliates of EnTrust Global. Unfortunately, terms of the new credit facility are less-than-stellar with SEACOR being required to pay interest at a rate of 11.75% p.a., substantially above the average of the refinanced facilities.

Seacor Marine Holdings Addresses Near-Term Debt Maturities - Buy

HOUSTON, Sept. 11, 2023 (GLOBE NEWSWIRE) -- 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 that it has entered into a new $122.0 million senior secured term loan with certain affiliates of EnTrust Global (the “SMFH Credit Facility”) providing the Company with a more efficient and consolidated capital structure.

SEACOR Marine Announces Comprehensive Refinancing Transaction

HOUSTON, Sept. 07, 2023 (GLOBE NEWSWIRE) -- 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 that it has published its 2022-2023 Sustainability Report. The report documents SEACOR Marine's continued commitment to the environment, its employees and its responsibility as a global citizen.

SEACOR Marine Publishes 2022-2023 Sustainability Report

HOUSTON, Aug. 02, 2023 (GLOBE NEWSWIRE) -- 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 second quarter ended June 30, 2023.

SEACOR Marine Announces Second Quarter 2023 Results

HOUSTON, June 20, 2023 (GLOBE NEWSWIRE) -- 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 that it had entered into a new $28.0 million senior secured term loan facility with an affiliate of Hudson Structured Capital Management to refinance in full the shipyard financings maturing in 2023 and 2024 provided by COSCO Shipping Heavy Industry (Zhoushan) Co. in connection with the 2019 and 2020 delivery of three Rolls Royce UT771CDL designed platform supply vessels (“PSVs”) of 3,800 tons deadweight capacity with dynamic position class 2 and firefighting class 1 notations. The facility provides for a new 5-year term loan that bears interest at a fixed rate of 10.25% and is secured by first priority mortgages on each of the three PSVs and guaranteed by SEACOR Marine. The PSVs are currently chartered in the Middle East and Angola.

SEACOR Marine Announces Refinancing of PSVs and Presents at 5th Annual Crédit Agricole CIB Shipping Conference

The leading offshore support services provider reported decent first quarter results with revenues, average day rates, direct vessel profit, and EBITDA reaching new multi-year highs. With average day rates fleet utilization anticipated to improve further, the company should start to generate meaningful free cash flow over the coming quarters. A debt refinancing at improved terms could provide a near-term catalyst for the stock.

Seacor Marine Holdings: Business Has Reached An Inflection Point - Buy

HOUSTON, May 03, 2023 (GLOBE NEWSWIRE) -- 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 first quarter ended March 31, 2023.

SEACOR Marine Announces First Quarter 2023 Results

HOUSTON, April 21, 2023 (GLOBE NEWSWIRE) -- SEACOR Marine Holdings Inc. (NYSE: SMHI) (the “Company”), a leading provider of marine and support transportation services to offshore energy facilities worldwide, today announced that it has mandated Clarksons Securities AS and DNB Markets, a part of DNB Bank ASA, to arrange a series of fixed income investor calls scheduled to commence on April 24, 2023. The Company, together with its subsidiaries (“SEACOR Marine”), may determine to proceed with an offering of new USD denominated 5-year senior secured bonds following the meetings, subject to market and other conditions. SEACOR Marine intends to use the net proceeds from the bond issue, should it materialize, towards refinancing outstanding secured debt of SEACOR Marine and for general corporate purposes.

SEACOR Marine Announces Contemplated Bond Issue

HOUSTON, March 06, 2023 (GLOBE NEWSWIRE) -- 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 Announces Fourth Quarter 2022 Results

HOUSTON, Nov. 02, 2022 (GLOBE NEWSWIRE) -- 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 third quarter ended September 30, 2022.

SEACOR Marine Announces Third Quarter 2022 Results

Initiating coverage of leading offshore support services provider SEACOR Marine Holdings ("SEACOR"). Discussing recent debt and liquidity management actions. Company managed to extend its runway by three years without diluting common shareholders.

Seacor Marine Holdings: Buy After Successful Debt And Liquidity Management Actions

HOUSTON, Oct. 05, 2022 (GLOBE NEWSWIRE) -- SEACOR Marine Holdings Inc. (NYSE:SMHI) (the “Company” or “SEACOR Marine”), a leading provider of marine and support transportation services to offshore oil and natural gas and wind farm facilities worldwide, today announced the sale of its minority equity interests in joint ventures in Mexico and two refinancing transactions that significantly extended more than $175 million of the Company's near term maturities by three years to 2026:

SEACOR Marine Announces Sale of Unconsolidated Joint Ventures and Refinancing Transactions to Significantly Extend Near Term Maturities

HOUSTON, Aug. 03, 2022 (GLOBE NEWSWIRE) -- 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 second quarter ended June 30, 2022.

SEACOR Marine Announces Second Quarter 2022 Results

HOUSTON, May 04, 2022 (GLOBE NEWSWIRE) -- 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 first quarter ended March 31, 2022.

SEACOR Marine Announces First Quarter 2022 Results

HOUSTON, March 10, 2022 (GLOBE NEWSWIRE) -- 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, 2021.

UPDATE - SEACOR Marine Announces Fourth Quarter 2021 Results

Seacor Marine Announces Fourth Quarter 2021 Results

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HOUSTON, Dec. 13, 2021 (GLOBE NEWSWIRE) -- 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 that it has published its Inaugural Sustainability Report. The report documents SEACOR Marine's recent achievements in three areas: SEACOR Marine's commitment to employees, environmental impact and responsibility as a global citizen.

SEACOR Marine Publishes Inaugural Sustainability Report

HOUSTON, Nov. 04, 2021 (GLOBE NEWSWIRE) -- 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 third quarter ended September 30, 2021.

SEACOR Marine Announces Third Quarter 2021 Results

HOUSTON, Aug. 04, 2021 (GLOBE NEWSWIRE) -- 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 second quarter ended June 30, 2021.

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