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SEACOR HOLDINGS ANNOUNCES FIRST QUARTER RESULTS

 MORGAN CITY, La., May 14 /PRNewswire/ -- SEACOR Holdings, Inc. (NASDAQ: CKOR) announced earnings for the first quarter ended March 31, 1993 of $1,589,000 or $.28 per share on revenues of $16,747,000. In the first quarter of 1992, SEACOR earned $204,000 or $.05 per share on revenues of $13,757,000.
 The improved performance was attributable mainly to strong vessel dayrates and utilization in the U.S. Gulf of Mexico. The first quarter results only partially benefited from seven additional supply vessels which were phased into operations during the quarter.
 SEACOR 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 HOLDINGS INC.
 Consolidated Results of Operations
 (Thousands of dollars except shares and per share data)
 Periods ended March 31 Three Months
 1992 1993
 Revenues $ 13,757 $ 16,747
 Net income 204 1,589
 Earnings per common share $ .05 $ .28
 Weighted average shares
 outstanding 3,896,242 5,776,361
 -0- 5/14/93
 /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. ST: Louisiana IN: MAR SU: ERN

TM -- NY010 -- 8456 05/14/93 08:30 EDT
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Publication:PR Newswire
Date:May 14, 1993
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