Seacor Smit Announces 4Q Results

Seacor Smit Inc. announced net earnings for the fourth quarter ended December 31, 1998 of $29,246,000 on revenues of $92,791,000. For the 12 months ended December 31, 1998, net earnings were $125,927,000. Seacor Smit and its subsidiaries engage in two primary activities: operation of a diversified fleet of marine vessels primarily dedicated to supporting offshore oil and gas exploration and development in the U.S. Gulf of Mexico, offshore West Africa, the North Sea, Mexico, the Far East and Latin America, and provision of environmental services domestically and internationally, including marine oil spill response, training, and consulting.