Seacor Holdings' earnings have fallen sharply without the benefits of divestiture and dry land.

The New York-listed diversified owner saw net income attributable to shareholders of $14.6m for the second quarter, down from $45.1m a year ago when Seacor sold $42.6m in Hawker Pacific Airservices.

Earnings were also hurt by the flooding of several US inland waterways, including the Mississippi River, that put a drag on Gulf exports.