| Business Summary | | Trico
Marine
Services
Inc.
is
a
provider
of
marine
support
vessels
to
the
oil
and
gas
industry
in
the
United
States
Gulf
of
Mexico,
the
North
Sea
and
Latin
America.
The
services
provided
by
the
Company's
diversified
fleet
include
the
transportation
of
drilling
materials,
supplies
and
crews
to
drilling
rigs
and
other
offshore
facilities;
towing
drilling
rigs
and
equipment
from
one
location
to
another;
and
support
for
the
construction,
installation
and
maintenance
of
offshore
facilities.
Using
its
larger
and
more
sophisticated
vessels,
the
Company
also
provides
deepwater
remotely
operated
vehicle
(ROV)
and
well
service
support,
and
support
for
the
submarine
telecom
cable
industry,
including
fiber
optic
cable
installation.
The
Company
has
a
total
fleet
of
94
vessels,
including
54
supply
vessels,
11
large-capacity
platform
supply
vessels,
seven
large
anchor
handling,
towing
and
supply
vessels,
13
crew
boats
and
nine
line-handling
vessels. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Trico
Marine
provides
marine
support
services
to
the
oil
and
gas
industry
in
the
the
U.S.
gulf
of
Mexico,
the
North
Sea
and
offshore
Brazil.
For
the
six
months
ended
6/30/01,
revenues
rose
67%
to
$93.3
million.
Net
income
before
extraordinary
items
totaled
$7.4
million
vs.
a
loss
of
$13.2
million.
Revenues
reflect
increased
demand
for
the
Company's
vessels
as
a
result
of
the
favorable
oil
and
gas
prices.
Earnings
also
benefitted
from
increased
utilization
rates
and
day
rates. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Ronald Palmer, 54 Chairman | $273K | $1.1M | Thomas Fairley, 53 Pres,
CEO, Director | 274K | 1.1M | Victor Perez, 48 CFO,
VP, Treasurer | 187K | 639K | Charles Hardy, 55 VP-Domestic
Operations | -- | -- | Kenneth Bourgeois, 53 VP,
Controller | 121K | 96K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|