| Business Summary | | Gulfmark
Offshore,
Inc.
provides
offshore
marine
services
primarily
to
companies
involved
in
offshore
exploration
and
production
of
oil
and
natural
gas.
The
Company's
vessels
transport
drilling
materials,
supplies
and
personnel
to
offshore
facilities,
as
well
as
move
and
position
drilling
structures.
Its
existing
fleet,
as
of
March
5,
2001,
includes
47
vessels.
The
majority
of
its
operations
are
conducted
in
the
North
Sea,
with
the
balance
in
offshore
Southeast
Asia,
Brazil
and
West
Africa.
Periodically,
the
Company
charters
vessels
into
other
regions
to
meet
its
customer's
requirements. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | GMRK
operates
offshore
support
vessels
that
provide
transportation
of
materials,
supplies
and
personnel
to
and
from
offshore
platforms
and
drilling
rigs
as
well
as
anchor
handling
and
towing
services.
For
the
six
months
ended
6/30/01,
revenues
rose
31%
to
$45.1
million.
Net
income
totaled
$24.2
million
vs,
a
loss
of
$739
thousand.
Revenues
reflect
increased
day
rates
and
higher
utilization
level
of
the
fleets.
Earnings
benefited
improved
gross
margins
and
tax
benefits. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| David Butters, 60 Chairman | -- | -- | Bruce Streeter, 52 Pres,
COO | $364K | $429K | Edward Guthrie, 56 Exec.
VP-Fin., CFO, Sec., Treasurer | 268K | -- | John Leech, 48 Exec.
VP, Operations | 224K | 690K | Kevin Mitchell, 32 Controller
and Assistant Sec. | 104K | -- | 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
|
|