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TMM AND SEACOR HOLDINGS TO FORM JOINT VENTURE

 MEXICO CITY, Jan. 3 /PRNewswire/ -- Transportacion Maritima Mexicana (NYSE: TMM) with SEACOR Holdings, Inc. (NASDAQ: CKOR) announced today the formalization of their participation in a Mexican joint venture company organized to serve the Mexican offshore markets.
 TMM and SEACOR have recently acquired three vessels in anticipation of the formalization of the venture. In addition, TMM and SEACOR each plan to contribute vessels to the venture. Including the three vessels acquired, the joint venture company will initially own eight vessels.
 Jose Serrano, chairman of TMM, expressed enthusiasm for the venture and noted that the combination of TMM with its extensive shipping background and SEACOR with its specialization in the offshore markets should position the new entity to grow with the Mexican economy.
 Charles Fabrikant, Chairman of SEACOR, expanded on Mr. Serrano's remarks noting that the venture opened up the opportunity for SEACOR to participate in the Mexican market, one of the key offshore areas and would add flexibility to SEACOR's overall marketing strategy.
 TMM is Mexico's largest transportation service company and a leader among world carriers serving Mexico. A full-service shipping company, TMM's network includes 21 offices in Mexico and affiliates and subsidiaries throughout the world.
 SEACOR and its subsidiaries operate a diversified fleet of marine vessels primarily dedicated to supporting offshore oil and gas exploration and development in the Gulf of Mexico, the North Sea and offshore West Africa.
 -0- 1/3/94
 /CONTACT: Silverio Di Costanzo, Pedro Mejorada of TMM, 011-525-606-4944 or 011-525-606-4811 or Cathleen Mayrose of Dewe Rogerson, 212-688-6840, or Randall Blank of SEACOR, 504-385-3475 or 212-307-6633/
 (TMM CKOR)


CO: Transportacion Martima Mexicana; SEACOR Holdings, Inc. ST: IN: TRN SU: JVN

TW-LG -- NY025 -- 8469 01/03/94 11:00 EST
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Publication:PR Newswire
Date:Jan 3, 1994
Words:282
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