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Posted by
Two Blokes May 1 -
Filed in
Stock
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SEACOR Marine Holdings reported disappointing first quarter results, with sizeable cash usage and fleet utilization dropping to new multi-year lows. The company attributed the underperformance to seasonality and higher maintenance, drydocking and repositioning activities as well as weakness in the North Sea and the U.S. Gulf. Q2 results will benefit from a large one-time gain as a result of recent vessel sales.
