Revenue at the US-listed shipowner was down over 16% to $260.6m versus the $199.1m seen in the first three months of 2014.
Seacor’s offshore arm posted operating losses of $16.5m on operating revenues of $93.5m in the first quarter
The loss included a $6.6 million impairment charge related to the suspended construction of two offshore support vessels.
“Offshore market conditions continued to deteriorate during the first quarter,” Seacor said in its results statement.
“Day
