Page 88: of Maritime Reporter Magazine (June 1998)

enam 1211 AirWay

Glendale, California 91201-2497

Telephone: 818-247-6000 • Facsimilie: 818-500-9912 • EMail: [email protected]

United Kingdom - Germany Scandinavia France - Italy www.glenair.com esigned for use in oceanographic, geophysical and other severe envi- ronments, Glenair's line of Geo-Marine® connectors and cables withstand hydro- static pressures up to 5,000 PSI and exposure to extreme temperatures and corrosives. Our Geo-Marine® products have been used in offshore oil drilling, seabed exploration, and pipeline inspec- tion systems, and are available as either discrete connectors, accessories and cable or as engineered cable assemblies.

J. Erik Hvide

Hvide Marin*

Most anyone privy to the mar- itime industry would be hard pressed to leave J. Erik Hvide off of any "Newsmakers" list. Mr.

Hvide has led his namesake com- pany, Hvide Marine Inc., on an acquisition binge which has seen the company grow to a vessel own- ing behemoth with vast new avenues of business potential.

Hvide Marine is one of the world's leading providers of marine support and transportation ser-

Just the kind of place for Glenair's

Geo-Marine® Connectors and Cables.

It's cold. It's wet.

It's out in the middle of nowhere.

Geo-Marine® Geo-Marine® connectors Complete Geo-Marine® Geo-Marine® castellated Nickel aluminum bronze High-density Geo-Marine® connectors and cables & Bulkhead feed-throughs molded cable assemblies and knurled coupling rings & stainless steel construction insert arrangements vices with a growing fleet of 271 vessels in two core busi- nesses: — Marine Support

Services: Featuring 237 vessels, primarily in the offshore energy industry. Hvide's Seabulk Offshore subsidiary is the world's third largest operator of oilfield support vessels; and offshore and harbor towing, which includes harbor tug operations in Tampa Bay, Port

Everglades and Port Canaveral,

Fla.; Mobile Bay, Ala.; Lake

Charles, La.; and Port Arthur,

Texas. — Marine Transportation

Services: Featuring 34 vessels, in which Hvide is a leader in the domestic chemical transportation trade and has a significant position in petroleum product transporta- tion.

With its large (and sure to grow larger) fleet, Hvide has assumed a unique and powerful role in the maritime market, as Fort

Lauderdale, Fla. has suddenly become the hub for a large concen- tration of product and service pur- chasing. But the scope of Hvide

Marine spans far beyond the shore- lines of the U.S., and Mr. Hvide has led the charge to develop and maintain a unique vessel owning/operating empire around the world.

In announcing its first quarter earnings, Mr. Hvide noted that "Last year at this time our interna- tional business did not exist.

Today, it is the fastest growing part of our operations, representing about one-third of revenues and nearly 40 percent of profits. We look for continued strong growth in this sector of our business as we complete the integration of newly acquired vessels and benefit from improving day rates in all major international markets."

As proof of its resolve to expand its influence, the company opened its first office in Singapore, where it is currently operating 19 vessels in the Southeast Asia region. (Note: 1Q98 revenue more than doubled to $86.5 million on the strength of its global expansion, increased fleet size and higher day rates in the company's biggest business - offshore energy support services.)

The most recent news from the company was the addition of 37 oil- field support vessels formerly oper- ated by Care Offshore, making

Hvide's Seabulk Offshore sub- sidiary the number three operator 72 Circle 153 on Reader Service Card Maritime Reporter/Engineering News