Misadventures in Shipping

Misadventures in Shipping

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Misadventures in Shipping
Misadventures in Shipping
SMHI: Back to Black

SMHI: Back to Black

SEACOR Marine Q4 1st Look

Edward Finley—Richardson's avatar
Edward Finley—Richardson
Mar 01, 2024
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Misadventures in Shipping
Misadventures in Shipping
SMHI: Back to Black
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SEACOR Marine (SMHI) is an Offshore Support Vessel (OSV) play, and considered an alternative to Tidewater (TDW) for investors who prefer US listings. It is illiquid and has corrected a lot since the past earnings report... and in contrast to its ‘big brother’ TDW 0.00%↑ the valuation has not recovered much.

But with yesterday’s report, net income is back in positive territory for the first time in years. Back to black.

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