It booked a net profitof $13.7m for the three months ended 31 March 2014 versus a loss of $21.4m ayear ago.

Revenue at theoffshore vessel and tanker operator rose 16% to $310m, while costs increased by9% to $290.5m.

Seacor’soffshore arm saw operating revenues increase 4% to $129m, whileoperating income more than doubled to $11.2m.

Fleet utilization inthe Gulf of Mexico, Seacor’s main market, declined to 70.6%