SEACOR and its subsidiaries are in the business of owning, operating, investing
in and marketing equipment, primarily in the offshore oil and gas, shipping
and logistics industries. The Company conducts its activities in the following
reporting segments:
Offshore Marine Services
Inland River Services
Shipping Services
Illinois Corn Processing
Other
Offshore Marine Services operates a diverse fleet of support vessels primarily
servicing offshore oil and gas exploration, development and production facilities
worldwide. The vessels deliver cargo and personnel to offshore installations;
handle anchors and mooring equipment required to tether rigs to the seabed;
tow rigs and assist in placing them on location and moving them between regions;
and carry and launch equipment such as remote operated vehicles or “ROVs”
used underwater in drilling and well installation, maintenance, and repair.
In addition, Offshore Marine Services vessels provide accommodations for technicians
and specialists, and provide standby safety support and emergency response services.
Offshore Marine Services also operates a fleet of lift boats in the U.S. Gulf
of Mexico supporting well intervention, work-over, decommissioning and diving
operations. In non-oil and gas industry activity,
Inland River Services operates river transportation equipment used for moving
agricultural and industrial commodities and petroleum and chemical products
on the U.S. Inland River Waterways, primarily the Mississippi River, Illinois
River, Tennessee River, Ohio River and their tributaries and the Gulf Intracoastal
Waterways. Internationally, Inland River Services has barge operations on the
Magdalena River in Colombia and on the Parana-Paraguay River Waterways in Brazil,
Bolivia, Paraguay, Argentina and Uruguay. In addition to its primary barge and
towboat businesses, Inland River Services also operates and invests in high-speed
multi-modal terminal facilities for both dry and liquid commodities; barge fleeting
locations in various areas of the Inland Waterway System; a broad range of service
facilities including machine shop, gear and engine repairs and the repair and
drydocking of barges and towboats at strategic locations on the U.S. Inland
River Waterways.
Shipping Services operates a diversified fleet of U.S.-flag marine transportation
related assets, including its 51% controlling interest in certain of its subsidiaries
(collectively “SEA-Vista”), which owns product tankers servicing
the U.S. coastwise trade of crude oil, petroleum and chemical products, and
including its harbor tugs servicing vessels docking in U.S. Gulf and East Coast
ports. Through its 16% non-controlling interest in Dorian LPG Ltd. ("Dorian"),
Shipping Services also invests in foreign-flag Very Large Gas Carriers ("VLGCs")
servicing the international Liquefied Petroleum Gas (“LPG”) trade.
Additional services include liner and short-sea transportation to and from ports
in Florida, Puerto Rico, the Bahamas and the Western Caribbean, a terminal support
and bunkering operation in St. Eustatius, a U.S.-flag articulated tug and dry-bulk
barge operating on the Great Lakes.
Illinois Corn Processing, LLC ("ICP") operates a single-site alcohol
manufacturing, storage and distribution facility located in Pekin, Illinois
and is a leading producer of alcohol used in the food, beverage, industrial
and petrochemical end-markets. As co-products of its manufacturing process,
ICP additionally produces Dried Distillers Grains with Solubles ("DDGS")
primarily used for animal feed and produces non-food grade Corn Oil primarily
used for feedstock in biodiesel production.
Emergency and crisis services. Effective July 1, 2014, the Company acquired
a controlling interest in Witt Group Holdings, LLC ("Witt OBriens")
through the acquisition of its partners equity interest and has consolidated
the financial position, results of operations and cash flows of Witt OBriens
as of that date. Witt OBriens provides risk management solutions to oil, chemical
and marine transportation clients, and private sector and government agencies
in the United States and abroad. In the United States, these services are generally
rendered to those clients who store, transport, produce or handle petroleum
and certain non-petroleum oils that are subject to the provisions of OPA 90
and various other federal, state and municipal regulations. Internationally,
these services may be required by legislation and regulations of countries,
international maritime conventions and environmental covenants placed on clients
by their lending institutions. Witt O’Brien’s also provides emergency
preparedness, response and recovery management services to governmental agencies
and the private sector arising from all-hazards.
Agricultural commodity trading and logistics. Agricultural commodity trading
and logistics is primarily focused on the global origination, trading and merchandising
of sugar. The group pairs producers and buyers and arranges for the transportation
and logistics of the product.
Lending and leasing activities. Lending and leasing activities primarily involve
the secured financing of various types of equipment that require scheduled lease
payments or periodic principal and interest payments.
Noncontrolling investments in various other businesses. These investments primarily
include industrial aviation services businesses in Asia.