859598--2/29/2008--SEACOR_HOLDINGS_INC

related topics

{operation, natural, condition}

{gas, price, oil}

{cost, regulation, environmental}

{operation, international, foreign}

{regulation, change, law}

{cost, contract, operation}

{customer, product, revenue}

{loss, insurance, financial}

{interest, director, officer}

{competitive, industry, competition}

{investment, property, distribution}

{personnel, key, retain}

{condition, economic, financial}

Risks, Uncertainties and Other Factors That May Affect Future Results Difficult market conditions can materially adversely affect the Company's business in many ways. Demand for many of the Company's services substantially depends on the level of activity in the offshore oil and natural gas exploration, development and production industry. Risks from the Company's international operations. Unstable political, military and economic conditions in foreign countries where a significant proportion of Offshore Marine Services' operations are conducted could adversely impact the Company's business. Offshore Marine Services, Marine Transportation Services and Aviation Services rely on several customers for a significant share of their revenues, the loss of any of which could adversely affect each of their businesses and operating results. Consolidation of the Company's customer base could adversely affect demand for its equipment and reduce its revenues. The Company may be unable to maintain or replace its vessels as they age. An increase in the supply of offshore support vessels or tankers could have an adverse impact on the charter rates earned by the Company's offshore support vessels and tankers. If the Company does not restrict the amount of foreign ownership of its Common Stock, it could be prohibited from operating offshore support vessels, inland river vessels and barges and tankers in parts of the U.S. and could be prohibited from operating helicopters, which would adversely impact its business and operating results. Repeal, Amendment, Suspension or Failure to Enforce the Jones Act would result in additional competition for Offshore Marine Services, Marine Transportation Services and Inland River Services. The Outer Continental Shelf Lands Act, as amended, provides the federal government with broad discretion in regulating the leasing of offshore resources for the production of oil and gas. Failure to maintain an acceptable safety record may have an adverse impact on the Company's ability to retain customers. Operational risks could disrupt operations and expose the Company to liability. Revenues from Aviation Services are subject to adverse weather conditions and seasonality. Consolidation in the aircraft parts industry could affect the service and operation of Aviation Services' helicopters. Revenues from Marine Transportation Services could be adversely affected by a decline in demand for domestic refined petroleum products, crude oil or chemical products, or a change in existing methods of delivery. Construction of additional refined petroleum product, natural gas or crude oil pipelines could have a material adverse effect on Marine Transportation Services' revenues. The Company may have to phase-out its double-bottom tanker from petroleum product transportation service in U.S. waters. The Company is subject to complex laws and regulations, including environmental laws and regulations that can adversely affect the cost, manner or feasibility of doing business. Spill response revenue is subject to significant volatility. A relaxation of oil spill regulation or enforcement could reduce demand for Environmental Services' oil spill response services. A change in, or revocation of, National Response Corporation's classification as an Oil Spill Removal Organization would result in a loss of business. Environmental Services could incur liability in connection with providing spill response services. Inland River Services could experience variation in freight rates. Inland River Services' results of operations could be adversely affected by the decline in U.S. grain exports. Inland River Services' results of operations could be adversely affected by international economic and political factors. Inland River Services' results of operations are affected by seasonal activity. Inland River Services' results of operations are affected by adverse weather and river conditions. Inland River Services' results of operations could be materially and adversely affected by fuel price fluctuations. The Company's insurance coverage may be inadequate to protect it from the liabilities that could arise in its businesses. The Company's global operations are subject to certain foreign currency, interest rate, fixed-income and equity risks. The Company's inability to attract and retain qualified personnel could have an adverse effect on its business. The failure to successfully complete construction or conversion of the Company's vessels, repairs, maintenance or routine drydockings on schedule and on budget could adversely affect the Company's financial condition and results of operations. A Violation of the Foreign Corrupt Practices Act may adversely affect the Company's business and operations.

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859598--2/29/2008--SEACOR_HOLDINGS_INC_/NEW/