Asset Play or Business Venture

Charles Fabrikant, president of Seacor Holdings Inc., has been involved in the shipping business since 1973, full time since 1976 when he gave up practicing law. Mr. Fabrikant, says his interest currently consists of two parts:

• Seacor Marine which has 50 vessels of the supply boat variety, though not all work in the oil patch. Typically 200-220 feet in length, they are deployed in the Gulf of Mexico, North Sea, and West Africa. Seacor also has some anchor handling tugs, some of which are used to carry containers in feeder services.

• SCF Corp. operates a fleet of about 150 dry cargo barges and about a half dozen towboats on the Mississippi- Ohio River complex.

What follows are excerpts from a conversation Marine Money had recently with Mr. Fabrikant, in which we discussed his attitudes on shipping as an investment opportunity and a business venture.

MM: How do you evaluate the shipping companies in which you’re thinking of investing?

This is only an excerpt of Asset Play or Business Venture

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