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SEACOR HOLDINGS, INC. ANNOUNCES JOINT VENTURE

 NEW YORK, July 7 /PRNewswire/ -- SEACOR Holdings, Inc. (NASDAQ: CKOR) and Feronia International Shipping (FISH) announced today the formation of a joint venture arrangement to market two vessels and consult, coordinate, and develop new business opportunities.
 In announcing the venture, Mr. Charles Fabrikant, chairman of SEACOR, and Mr. Pierre Demandolx, chairman of FISH expressed their expectations that "this is a commitment to work together and coordinate fleets in the offshore industry and a first step to closer cooperation between the companies and an opportunity to consolidate the international markets."
 Fabrikant observed: "Our fleets are complementary and our areas of operations do not overlap. Both companies have an opportunity to achieve better market coverage without the addition of costly overhead. We are particularly pleased to associate with FISH which has outstanding vessels and a management team with extensive experience."
 SEACOR Holdings, Inc. and its subsidiaries operate a diversified fleet of marine vessels primarily dedicated to supporting offshore oil and gas exploration and development in the U.S. Gulf of Mexico, the North Sea, and offshore West Africa. Services provided by the company's vessels include towing and anchor handling of mobile rigs, delivery of cargo and supplies to offshore rigs and platforms, transportation for offshore construction and maintenance, and standby safety support.
 SEACOR operates 62 vessels and FISH, based in Paris, operates 31 offshore vessels primarily in Angola, Gabon, the Congo, Cameroun, Argentina, and the Middle East. The two fleets represent a significant share of the intermediate size vessel sector in the offshore market. FISH is a subsidiary of Compagnie Nationale de Navigation, a publicly traded company listed on the Paris Bourse.
 -0- 7/7/93
 /CONTACT: Randall Blank, executive vice president and chief financial officer of SEACOR Holdings, 504-385-3475 or 212-307-6633/
 (CKOR)


CO: SEACOR Holdings, Inc.; Feronia International Shipping ST: New York IN: MAR SU: JVN

SM-SH -- NY033 -- 9056 07/07/93 11:54 EDT
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Publication:PR Newswire
Date:Jul 7, 1993
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