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SEACOR Marine Holdings Inc. provides marine and support transportation services to offshore energy facilities worldwide. The company operates and manages offshore support vessels, including platform supply vessels, fast supply vessels and liftboats, used for cargo and personnel transport, offshore operations, construction support, well work-over activity, inspection and repair work, offshore wind support and decommissioning services.
SEACOR Marine news commonly centers on quarterly operating results, direct vessel profit, day rates, utilization, vessel availability and regional market conditions. Recurring developments also include fleet repositioning, vessel sales, asset rotation, newbuild platform supply vessels, repairs, international redeployment and capital-structure actions affecting its common shares, warrants and balance sheet.
Yoav Saffar, a long-term shareholder holding about 3.5% of SEACOR Marine (NYSE: SMHI), has urged the Board to start a strategic review focused on monetizing the company’s fleet. He argues SMHI trades at a discount to the intrinsic value of its vessels amid strong offshore support markets.
SEACOR Marine (NYSE: SMHI), a provider of marine and support transportation services to offshore energy facilities, acknowledged receiving a shareholder letter from Pointillist Family Office. The Board and management state they welcome shareholder input aimed at enhancing long-term value and intend to closely review the letter.
Jorey Chernett, the largest independent shareholder of SEACOR Marine (NYSE:SMHI) with about 7.2% ownership, urged the Board on June 22, 2026 to evaluate strategic alternatives, including a company sale or dual-track fleet sale.
He cites a broker-appraised NAV above $20 per share versus a share price of $6.68, market cap of about $181 million, enterprise value over $1 billion, and interest expense around $100,000 per day.
SEACOR Marine (NYSE: SMHI) reported Q1 2026 consolidated operating revenues of $44.3M, operating loss of $6.4M, and direct vessel profit (DVP) of $6.7M. Net loss was $15.8M or $0.61 per share. Revenues fell 20.2% YoY; average day rates were $18,199 and fleet utilization was 59%. The company sold a 2015 PSV for $14.6M with a $7.3M gain and had five vessels held for sale (two sold in April; three expected in Q2 2026).
SEACOR Marine (NYSE: SMHI) reported Q4 2025 results: $52.3M operating revenues, $5.2M operating loss, $9.7M direct vessel profit and $14.6M net loss (−$0.57 per share). Revenues fell 25.0% year-over-year; average day rate was $17,519 and DVP margin declined to 18.5%. The company completed a PSV sale for $13.4M (gain $8.1M) and reported contracted backlog in excess of $500M.
SEACOR Marine (NYSE:SMHI) published its 2024-2025 Sustainability Report on November 14, 2025, detailing environmental, social and governance initiatives.
Highlights include expansion of the hybrid PSV fleet, investments in green technologies and digital optimization, waste-reduction campaigns, rollout of high-speed satellite internet fleetwide, safety progress toward a GOAL ZERO vision, and community engagement and local-supplier partnerships aligned with SASB and select UN SDGs.
SEACOR Marine (NYSE: SMHI) reported Q3 2025 results for the quarter ended September 30, 2025: operating revenues $59.2M, operating income $18.1M, DVP $11.5M and net income $9.0M ($0.35 per share).
Key trends: revenues down 14.1% YoY and 2.7% sequentially, average day rates $19,490, fleet utilization 66%, and DVP margin 19.4%. The company completed sale of two 335’ liftboats for $76.0M proceeds and a $30.5M gain; drydocking and major repairs were $9.9M in the quarter. SEACOR Marine said it won multi-year PSV contracts in Brazil commencing Q1 2026 and is refocusing fleet away from volatile markets.
SEACOR Marine (NYSE:SMHI) has announced the strategic sale of two 335-foot class liftboats to JAD Construction Limited for $76.0 million in cash, expecting to generate a gain of $30.5 million. The transaction is set to close in Q3 2025.
The sale aligns with SEACOR Marine's strategic shift away from high volatility markets, particularly reducing exposure to offshore wind and decommissioning sectors that have faced prolonged soft demand. The deal will help avoid scheduled repair costs for one vessel planned for October 2025, improving the company's liquidity position.
SEACOR Marine operates a fleet of offshore support vessels providing services to global offshore energy facilities, including cargo transportation, personnel transfer, and offshore wind farm support.
SEACOR Marine (NYSE:SMHI) reported mixed Q2 2025 results with operating revenues of $60.8 million, operating income of $6.1 million, and a net loss of $6.7 million ($0.26 loss per share). The company saw a 13% decrease in revenues year-over-year but a 9.6% increase from Q1 2025.
Key operational metrics include average day rates of $19,731 (up 3.1% YoY) and 68% fleet utilization. The company completed strategic asset sales of three vessels for $33.4 million, generating a $19.1 million gain. Part of the proceeds ($12.9 million) funded share and warrant repurchases from Carlyle, while the remainder will help fund new PSV construction scheduled for 2026-2027 delivery.
SEACOR Marine reported mixed Q1 2025 results with operating revenues of $55.5 million, down 11.6% year-over-year and 20.5% quarter-over-quarter. The company posted an operating loss of $5.3 million and direct vessel profit of $13.6 million.
Key metrics showed average day rates at $18,825 (1.1% YoY decrease) and 60% fleet utilization (down from 62% in Q1 2024). Net loss was $15.5 million ($0.56 per share). Notable achievements include selling a 2005 liftboat for $7.5 million with a $5.6 million gain.
The company completed strategic moves in April 2025, including:
- Selling three vessels for $33.2 million with a $20.6 million gain
- Repurchasing shares and warrants from Carlyle (9.1% of outstanding shares) for $12.9 million
- Investing in two new PSVs scheduled for delivery in Q4 2026 and Q1 2027