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Profile: SEACOR Holdings Inc (CKH.N)

CKH.N on New York Stock Exchange

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17 May 2019
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SEACOR Holdings Inc., incorporated on November 7, 1989, is a diversified holding company. The Company is engaged in the business of transportation and logistics, alcohol manufacturing, merchandising, and risk management consultancy. The Company's segments include, Inland River Services, Shipping Services and Illinois Corn Processing. Inland River Services segment operates river transportation equipment used for moving agricultural and industrial commodities and petroleum and chemical products. Shipping Services segment operates a fleet of United States flag marine transportation related assets. Illinois Corn Processing segment produces alcohol used in the food, beverage, industrial and petrochemical end-markets. The Company also offers emergency and crisis services, lending and leasing activities, and noncontrolling investments in various other businesses.

Inland River Services segment

The Company's Inland River Services segment operates river transportation equipment for moving agricultural and industrial commodities and petroleum and chemical products on the United States Inland River Waterways, primarily the Mississippi River, Illinois River, Tennessee River, Ohio River and their tributaries and the Gulf Intracoastal Waterways. Internationally, Inland River Services has barge operations on the Magdalena River in Colombia and on the Parana-Paraguay River Waterways in Brazil, Bolivia, Paraguay, Argentina and Uruguay. In addition to its primary barge and towboat businesses, Inland River Services also operates and invests in high-speed multi-modal terminal facilities for both dry and liquid commodities; barge fleeting locations in various areas of the United States Inland Waterway System; a broad range of service facilities, including machine shop, and the repair and drydocking of barges and towboats at locations on the United States Inland River Waterways, and a transshipment terminal at the Port of Ibicuy, Argentina.

The Company's Inland River Services' dry-cargo fleet consists of hopper barges, for the transport of products such as grain and grain by-products, fertilizer and steel products or open tops for the transport of commodities that are not sensitive to water such as coal, aggregate and scrap. Each dry-cargo barge in the Inland River Services' fleet transports 1,500 to 2,000 tons (1,350 to 1,800 metric tons) of cargo. Inland River Services' fleet of approximately 10,000 barrel liquid tank barges transports liquid bulk commodities, such as refined petroleum and chemical products. Inland River Services' fleet of over 30,000 barrel liquid tank barges transport refined petroleum products and heavy and light petroleum products and are chartered-out as unit tows consisting of 2 to 3 barges along with a towboat working in patterns prescribed by the customer.

The Company's Inland River Services segment transports various commodities on the United States Inland River Waterways in dry-cargo and liquid tank barges, primarily including grain and grain by-products, fertilizer, steel products, chemicals, refined petroleum products and crude. Inland River Services transports refined petroleum products and heavy and light petroleum products outbound from central Colombia to the Caribbean Sea and various other cargoes on inbound return trips to central Colombia.

Shipping Services segment

The Company's Shipping Services operates a fleet of United States flag marine transportation related assets. It owns product tankers servicing the United States coastwise trade of crude oil, petroleum and chemical products, and including its harbor tugs servicing vessels docking in United States Gulf and East Coast ports. Shipping Services also invests in foreign-flag very large gas carriers (VLGC's) servicing the international Liquefied Petroleum Gas (LPG) trade. Its additional services include liner and short-sea transportation to and from ports in Florida, Puerto Rico, the Bahamas and the Western Caribbean, a terminal support and bunkering operation in St. Eustatius, a United States-flag articulated tug and dry-bulk barge operating on the Great Lakes, a United States-flag offshore tug and technical ship management services for third party vessel owners.

In the United States coastwise trade, the Company's oceangoing vessels transport crude oil, petroleum and chemical products primarily from production areas, refineries and storage facilities along the coast of the U.S. Gulf of Mexico to refineries, utilities, waterfront industrial facilities and distribution facilities along the United States Gulf of Mexico and additionally along the United States Atlantic and Pacific coasts.

Illinois Corn Processing segment

The Company operates the Illinois Corn Processing segment through its subsidiary, Illinois Corn Processing, LLC (ICP). ICP operates a single-site alcohol manufacturing, storage and distribution facility located in Pekin, Illinois. ICP produces Dried Distillers Grains with Solubles (DDGS) primarily used for animal feed and produces non-food grade Corn Oil primarily used for feedstock in biodiesel production. ICP sells alcohol products used in food, beverage and industrial manufacturing applications; other alcohol products destined for export or for domestic industrial applications, and fuel grade alcohol product destined for gasoline blending applications. ICP sells alcohol products into a variety of domestic end-markets, including food (such as vinegar) and beverage, cleaning and laundry products, personal care products (such as hair sprays and hand sanitizers), cosmetics, and various industrial chemical manufacturing applications. ICP principally sells alcohol products in truckload and rail car tanker quantities delivered directly to various industrial manufacturers. ICP produces and sells other specialized alcohol products, which are either destined for export markets for use in various industrial end-markets or are sold domestically into various industrial chemical manufacturing applications. ICP produces fuel grade ethanol, which is principally sold domestically for blending into United States gasoline products. In producing alcohol, ICP produces two principal co-products; DDGS and Corn Oil. ICP's dried distiller's grains with solubles (DDGS) are principally sold domestically to agricultural commodity traders, which in turn export the product to higher value markets overseas. ICP's non-food grade corn oil is principally sold domestically for feedstock in biodiesel production.

Company Address

SEACOR Holdings Inc

2200 Eller Dr
PO Box 13038
FORT LAUDERDALE   FL   33316-0101
P: +1954.5232200
F: +1954.5249185

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