Delivering Emergency Supplies to Post-Dorian Bahamas Demands Significant Expertise As Well As Good Intentions

Seacor Holdings Press Release Sep 10 2019

FREEPORT, Bahamas, Sept. 10, 2019 (GLOBE NEWSWIRE) -- SEACOR Island Lines (“Island Lines” or the “Company”), a subsidiary of SEACOR Holdings Inc. (NYSE: CKH) (“SEACOR”), reports on its freight shipping efforts in the Bahamas.

With donors building large stocks of emergency supplies across Florida and beyond for Bahamians impacted by Hurricane Dorian, the need for efficient logistics is critical to reach those in need. Island Lines has already delivered several shipments of relief supplies to Freeport, Grand Bahama. Today, Island Lines delivered its first supplies to the Abaco Islands, with calls in Baker's Bay and Marsh Harbour using its specialized shallow-draft landing craft. The Company has decades of experience providing disaster relief and recovery logistic support having assisted other island nations and territories throughout the Caribbean respond to hurricanes and other significant natural disasters.

SEACOR has committed $250,000 in financial aid and in-kind logistical support and is partnering with carefully selected and qualified charitable organizations with proven backgrounds in responding to, and working through, disaster responses. These organizations include the following entities:

Island Lines has agreed to offer favorable terms to charitable organizations looking to deliver emergency supplies safely and efficiently to the hurricane survivors. One such organization is Mission Resolve, which is collaborating with leading members of South Florida’s business and philanthropic communities to create the Bahamian Relief Consortium. One hundred percent of the net proceeds raised by Mission Resolve will go to the response effort in the Bahamas and other affected areas as will donated relief goods. “SEACOR is a strong, reliable, and cost-efficient freight provider that we have worked with for many years. In times of disaster and crisis, they understand the complexities of response efforts and have a proven track record of getting the job done,” said Joe Farrell Jr., Founder of Mission Resolve and President and CEO of Resolve Marine Group.

Dan Thorogood, who oversees Ocean Transportation and Logistics Services for SEACOR said, “We are committed to being reliable partners to the Bahamian people as they undertake the long and challenging process of rebuilding their communities. Island Lines continues to work closely with the Bahamian authorities to make certain the right relief supplies reach their intended destinations in the Abacos where the situation remains dynamic.”

To ensure donors achieve their objective of providing the most immediate and impactful aid to the hurricane survivors, Island Lines recommends donors adopt the following three principles when identifying a charity to support:

  1. Identify charitable organizations that have the resources and on-the-ground contacts to determine the most pressing supply needs;
  1. Verify that charitable organizations have the means to deliver donated goods directly to the communities in need; and
  1. Commit to charitable organizations that have the means to prioritize the long-term recovery and rehabilitation of the affected communities as well as identify their immediate short-term needs.

SEACOR is proud to support Island Lines’ 20-year relationship serving the Bahamian community. On an annual basis, the Company conducts approximately 1,000 port calls and delivers more than 300,000 tons of cargo into the Bahamas.

* * * * *

About Island Lines:
SEACOR Island Lines provides liner, short-sea, and project cargo transportation and logistics solutions to and from ports in the Southeastern United States, the Caribbean, and the Bahamas as well as ‘door-to-door’ solutions for customers.

About SEACOR Holdings:
SEACOR Holdings Inc. is a diversified holding company with interests in domestic and international transportation and logistics, crisis and emergency management, and clean fuel and power solutions. SEACOR is publicly traded on the New York Stock Exchange under the symbol CKH.

Certain statements discussed in this release as well as in other reports, materials and oral statements that the Company releases from time to time to the public constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Generally, words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “believe,” “plan,” “target,” “forecast” and similar expressions are intended to identify forward-looking statements. Such forward-looking statements concern management’s expectations, strategic objectives, business prospects, anticipated economic performance and financial condition and other similar matters. Forward-looking statements are inherently uncertain and subject to a variety of assumptions, risks and uncertainties that could cause actual results to differ materially from those anticipated or expected by management of the Company. These statements are not guarantees of future performance and actual events or results may differ significantly from these statements. Actual events or results are subject to significant known and unknown risks, uncertainties and other important factors, including, but not limited to, risks relating to future actions, new projects, strategies, future performance and the outcome of contingencies such as future financial results, as well as the risks discussed in Item 1A. (Risk Factors) of the Company’s Annual report on Form 10-K and other reports filed by the Company with the Securities and Exchange Commission (“SEC”). Given these risk factors, investors and analysts should not place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date of the document in which they are made. These statements constitute the Company’s cautionary statements under the Private Securities Litigation Reform Act of 1995.

For additional information, contact SEACOR at (954) 523-2200 or visit SEACOR’s website at www.seacorholdings.com.

Primary Logo

Source: SEACOR Holdings Inc.

Date released: Sep 10 2019