SEACOR Marine Holdings reports Q4 DVP $11.7M vs. $9.4M in Q3
John Gellert, the Company's CEO commented: "We continue to see strengthened demand for platform and well services performed by our liftboat fleet both domestically and internationally, which helped to drive our improved results. With the consolidation of the SEACOR and Montco liftboat fleets in February, we enter the 2018 maintenance and construction season in the Gulf of Mexico with a larger, more capable liftboat fleet that is well positioned to meet growing demand." Direct vessel profit or DVP was $11.7M compared with $9.4M in the preceding quarter, an increase of $2.3M. In addition to improved operating revenues of $1.5M, operating expenses, excluding leased-in equipment, were $0.8Mlower compared with the preceding quarter.