Seacor Holdings has seen deeper red in the first quarter as the dire offshore market took a toll on the company’s bottom line.
The New York-listed owner reported a net loss of $27.2m for the first three months of the year, compared to $19.6m in the same stretch of 2015.
Its quarterly revenue also fell from $260.6m to $213.9m partly due to lower fleet utilization, which declined from 59% to 52%.
The
