The diversified shipowner saw net income to 31 December climb to $40.1m, up from $8.4m in the corresponding quarter.

Quarterly revenue rose to $342.2m from $327.9m, thanks to contribution from all operating segments.

The company’s offshore marine division posted operating revenue of $127.5m, while its shipping segment saw turnover rise from $51.7m to $56.7 year-on-year.

During the quarter, Seacor sold 60 barges for net proceeds of $44.5m.

Its