| Business Summary | | Seabulk
International,
Inc.,
formerly
Hvide
Marine
Incorporated,
is
principally
engaged
in
three
main
businesses:
offshore
energy
support,
marine
transportation
and
towing.
The
Company
has
been
an
active
consolidator
in
each
of
the
markets
in
which
it
operates,
increasing
its
fleet
from
23
vessels
in
1993,
to
238
vessels
at
year-end
2000.
Seabulk's
offshore
energy
services
fleet,
numbering
173
vessels,
provides
services
to
operators
of
offshore
oil
and
gas
exploration,
development
and
production
facilities
in
the
Gulf
of
Mexico,
the
Arabian
Gulf,
offshore
West
Africa
and
Southeast
Asia.
Seabulk's
marine
transportation
fleet,
numbering
10
tankers,
eight
towboats
and
14
barges,
carries
petroleum
products,
crude
oil
and
specialty
chemicals
in
the
United
States
domestic
trade,
and
includes
five
double-hull
petroleum
product
and
chemical
carriers,
delivered
in
1998
and
1999.
Seabulk's
towing
fleet
numbers
33
vessels. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Seabulk
International,
Inc.
provides
marine
support
and
transportation
services
to
the
energy
and
chemical
industries.
For
the
six
months
ended
6/30/01,
revenues
increased
9%
to
$172.8
million.
Net
loss
decreased
72%
to
$4.5
million.
Revenues
reflect
increased
day
rates
resulting
from
the
increase
in
offshore
exploration
and
production
activity.
Lower
loss
benefitted
from
decreased
fuel
and
consumable
costs,
and
charter
hire
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| James Gaffney, 60 Chairman | -- | Gerhard Kurz, 61 Pres,
CEO, Director | $597K | J. Stephen Nouss, 46 Sr.
VP, CFO | -- | John O'Connell, Jr., 57 Sr.
VP- Corp. Communications and Investor Relations and Assistant Sec. | 177K | Alan Twaits, 53 Sr.
VP, Gen. Counsel, Sec. | -- | 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.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|