Exhibit 99.1 (Q2 2014 Earnings Release)

PRESS RELEASE

SEACOR HOLDINGS ANNOUNCES RESULTS FOR ITS

SECOND QUARTER ENDED JUNE 30, 2014

Fort Lauderdale, Florida

July 31, 2014

FOR IMMEDIATE RELEASE - SEACOR Holdings Inc. (NYSE:CKH) (the "Company") today announced its results for its second quarter ended June 30, 2014.

For the quarter ended June 30, 2014, net income attributable to SEACOR Holdings Inc. was $21.1 million, or $0.98 per diluted share. For the six months ended June 30, 2014, net income attributable to SEACOR Holdings Inc. was $32.6 million, or $1.58 per diluted share.

For the preceding quarter ended March 31, 2014, the Company reported net income attributable to SEACOR Holdings Inc. of $11.5 million, or $0.56 per diluted share. A comparison of results for the quarter ended June 30, 2014 with the preceding quarter ended March 31, 2014 is included in the "Highlights for the Quarter" discussion below.

For the quarter ended June 30, 2013, net income attributable to SEACOR Holdings Inc. was $19.3 million, or $0.91 per diluted share. For the six months ended June 30, 2013, net loss attributable to SEACOR Holdings Inc. was $1.7 million, or $0.09 per diluted share, including income from continuing operations of $8.5 million, or $0.42 per diluted share.

Highlights for the Quarter

Offshore Marine Services - Operating revenues for the second quarter were $138.2 million compared with $129.0 million in the preceding quarter. Operating income in the second quarter was $18.1 million compared with $11.2 million in the preceding quarter, including gains on asset dispositions of $3.5 million in the second quarter and $7.7 million in the preceding quarter. This release includes a table presenting time charter operating data by vessel class.

In the U.S. Gulf of Mexico, operating revenues were $11.5 million higher in the second quarter. Time charter revenues for the Company’s liftboat fleet were $7.1 million higher, primarily due to the seasonal improvement in utilization. During the second quarter, the number of out-of-service days attributable to the drydocking of liftboats was 101 compared with 349 in the preceding quarter, overall utilization was 80.2% compared with 60.2% in the preceding quarter, and average day rates increased from $22,219 per day to $23,017 per day. Time charter revenues for anchor handling towing supply vessels increased by $7.2 million, primarily due to increased utilization in support of platform supply activities and reduced drydocking activity. Time charter revenues for all other vessel classes were $3.5 million lower, primarily due to vessel dispositions and increased drydocking activity. On a total fleet basis, fleet utilization was 77.4% compared with 70.6% in the preceding quarter and average day rates increased from $17,010 per day to $19,736 per day. As of June 30, 2014, the Company had two vessels cold-stacked in the U.S. Gulf of Mexico.

In international regions, operating revenues were $2.3 million lower in the second quarter. Time charter revenues were $1.8 million lower, primarily due to the repositioning of three vessels into the U.S. Gulf of Mexico and increased drydocking activity partially offset by seasonally stronger market conditions for the Company’s windfarm utility vessels and the commencement of a term charter in Asia. Excluding windfarm utility vessels, fleet utilization was 82.4% compared with 86.8% in the preceding quarter and average day rates decreased from $12,561 per day to $12,455 per day.

Administrative and general expenses were $1.7 million lower in the second quarter primarily due to a reduction in the provision for doubtful debts.

During the second quarter, the Company sold four offshore support vessels and other equipment for net proceeds of $50.5 million and gains of $14.5 million, of which $2.5 million was recognized currently and $12.0 million was deferred. In addition, the Company recognized previously deferred gains of $1.0 million. During the preceding quarter, the Company sold five offshore support vessels and other equipment for net proceeds of $10.2 million and gains of $7.7 million.

In the second quarter, the Company received net litigation settlement proceeds of $14.7 million from an equipment supplier relating to the May 2008 mechanical malfunction and fire onboard the SEACOR Sherman, an anchor handling towing supply vessel then under construction. Upon settlement of the litigation, the Company recognized a gain of $14.7 million included in other income (expense).

Inland River Services - Operating income was $0.4 million on operating revenues of $56.0 million in the second quarter compared with operating income of $7.4 million on operating revenues of $58.0 million in the preceding quarter.

Operating results from the dry-cargo barge pool were $5.4 million lower primarily due to lower rates, a seasonal reduction in activity levels and poor barge fleet logistics as a consequence of difficult operating conditions. Operating results for the 10,000 barrel liquid tank barge fleet were $0.6 million lower primarily due to the cost of U.S. Coast Guard inspections and related repair expenditures. Operating results for the liquid unit tow operation were $0.5 million lower primarily due to costs associated with placing two towboats into operation during the second quarter. Operating results for fleeting operations were $0.9 million lower primarily due to reduced activity as a result of flooding on the upper Mississippi.

During the second quarter, equity losses from 50% or less owned companies of $3.3 million were primarily due to continued intermediary operations following a structural failure of a terminal facility at the Port of Ibicuy, Argentina.

Shipping Services - Operating income was $13.0 million on operating revenues of $53.6 million in the second quarter compared with operating income of $11.8 million on operating revenues of $52.4 million in the preceding quarter.

The increase in operating income was primarily due to an increase in higher yield harbor traffic and lower leased-in equipment costs for harbor towing and bunkering and an improvement in cargo shipping demand for short-sea transportation.

Illinois Corn Processing - Segment profit was $13.5 million on operating revenues of $72.8 million in the second quarter compared with $10.8 million on operating revenues of $58.7 million in the preceding quarter. Operating results in both periods benefited from improved margins as corn prices declined and ethanol prices held firm due to increased export demand and rail delays.

Other - Segment loss was $9.0 million in the second quarter compared with a $3.9 million loss in the preceding quarter. The increase was primarily due to a $5.0 million provision for certain litigation matters related to the Deepwater Horizon oil spill.

Net Income attributable to Noncontrolling Interests in Subsidiaries - During the second quarter, the Company issued a 49% noncontrolling ownership interest in certain Company subsidiaries (“SEA-Vista”) operating its fleet of seven U.S.-flag product tankers used for the U.S. coastwise trade of crude oil, petroleum and specialty chemical products as well as contracts for the construction of three U.S.-flag product tankers for $145.7 million, net of issuance costs. During the second quarter, the Company's net income attributable to noncontrolling interests in subsidiaries was primarily due to the noncontrolling interests’ proportionate share in the consolidated earnings of Illinois Corn Processing and SEA-Vista.

Share Repurchases - During the quarter ended June 30, 2014, the Company purchased 493,032 shares of its common stock for an aggregate purchase price of $39.2 million. Subsequent to June 30, 2014 and through July 29, 2014, the Company purchased 321,377 shares of its common stock for an aggregate purchase price of $25.4 million. Effective at the close of business on July 31, 2014, the Board of Directors of the Company increased its authorization for repurchases of SEACOR’s common stock for a total authorized expenditure of up to $150.0 million. The repurchase of securities may be conducted from time to time through open market purchases, privately negotiated transactions or otherwise depending on market conditions.

Capital Commitments - As of June 30, 2014, the Company's unfunded capital commitments were $412.8 million and included: $86.5 million for 13 offshore support vessels; $1.1 million for two inland river tank barges; $4.6 million for four inland river towboats; $230.2 million for three U.S.-flag product tankers; $78.4 million for one U.S.-flag articulated tug-barge; and $12.0 million for other equipment and improvements. These commitments are payable as follows: $99.7 million is payable during the remainder of 2014; $303.8 million is payable during 2015-2016; and $9.3 million is payable during 2017. This release includes a table detailing expected delivery by vessel class.

Liquidity and Debt - As of June 30, 2014, the Company’s balances of cash, cash equivalents, restricted cash, marketable securities, construction reserve funds and Title XI reserve funds totaled $825.9 million and its total outstanding long-term debt was $873.9 million.

* * * * *

SEACOR and its subsidiaries are in the business of owning, operating, investing in and marketing equipment, primarily in the offshore oil and gas, shipping and logistics industries. SEACOR offers customers a diversified suite of services and equipment, including offshore marine, inland river storage and handling, distribution of petroleum, chemical and agricultural commodities, and shipping. SEACOR is dedicated to building innovative, modern, “next generation,” efficient marine equipment while providing highly responsive service with the highest safety standards, and dedicated professional employees. SEACOR is publicly traded on the New York Stock Exchange (NYSE) 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. 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 decreased demand and loss of revenues as a result of additional safety and certification requirements for drilling activities in the U.S. Gulf of Mexico and delayed approval of applications for such activities, the possibility of U.S. government implemented moratoriums directing operators to cease certain drilling activities in the U.S. Gulf of Mexico and any extension of such moratoriums (the “Moratoriums”), weakening demand for the Company’s services as a result of unplanned customer suspensions, cancellations, rate reductions or non-renewals of vessel charters or failures to finalize commitments to charter vessels in response to Moratoriums, increased government legislation and regulation of the Company’s businesses could increase cost of operations, increased competition if the Jones Act is repealed, liability, legal fees and costs in connection with the past provision of emergency response services, including the Company’s involvement in response to the oil spill as a result of the sinking of the Deepwater Horizon in April 2010, decreased demand for the Company’s services as a result of declines in the global economy, declines in valuations in the global financial markets and a lack of liquidity in the credit sectors, including, interest rate fluctuations, availability of credit, inflation rates, change in laws, trade barriers, commodity prices and currency exchange fluctuations, the cyclical nature of the oil and gas industry, activity in foreign countries and changes in foreign political, military and economic conditions, changes in foreign and domestic oil and gas exploration and production activity, safety record requirements related to Offshore Marine Services and Shipping Services, decreased demand for Shipping Services due to construction of additional refined petroleum product, natural gas or crude oil pipelines or due to decreased demand for refined petroleum products, crude oil or chemical products or a change in existing methods of delivery, compliance with U.S. and foreign government laws and regulations, including environmental laws and regulations and economic sanctions, the dependence of Offshore Marine Services and Shipping Services on several customers, consolidation of the Company's customer base, the ongoing need to replace aging vessels, industry fleet capacity, restrictions imposed by the Shipping Acts on the amount of foreign ownership of the Company's Common Stock, operational risks of Offshore Marine Services, Inland River Services and Shipping Services, effects of adverse weather conditions and seasonality, the level of grain export volume, the effect of fuel prices on barge towing costs, variability in freight rates for inland river barges, the effect of international economic and political factors on Inland River Services' operations, sudden and unexpected changes in commodity prices, futures and options, global weather conditions, political instability, changes in currency exchanges rates, and product availability in agriculture commodity trading and logistics activities, adequacy of insurance coverage, the potential for a material weakness in the Company's internal controls over financial reporting and the Company's ability to remediate such potential material weakness, the attraction and retention of qualified personnel by the Company, and various other matters and factors, many of which are beyond the Company's control as well as those discussed in Item 1A (Risk Factors) of the Company's Annual report on Form 10-K. In addition, these statements constitute the Company's cautionary statements under the Private Securities Litigation Reform Act of 1995. It should be understood that it is not possible to predict or identify all such factors. Consequently, the preceding should not be considered to be a complete discussion of all potential risks or uncertainties. Forward-looking statements speak only as of the date of the document in which they are made. The Company disclaims any obligation or undertaking to provide any updates or revisions to any forward-looking statement to reflect any change in the Company's expectations or any change in events, conditions or circumstances on which the forward-looking statement is based, except as required by law. It is advisable, however, to consult any further disclosures the Company makes on related subjects in its filings with the Securities and Exchange Commission, including Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K (if any).

For additional information, contact Molly Hottinger at (954) 627-5278 or visit SEACOR’s website at www.seacorholdings.com.

SEACOR HOLDINGS INC. CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (in thousands, except share data, unaudited)

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2014			2013			2014			2013
Operating Revenues	$	328,224		$	315,563		$	638,241		$	582,627
Costs and Expenses:
Operating	231,906			240,113			450,882			441,026
Administrative and general	34,686			34,718			72,763			70,363
Depreciation and amortization	33,220			33,783			66,612			67,331
	299,812			308,614			590,257			578,720
Gains on Asset Dispositions and Impairments, Net	4,295			12,305			8,973			14,320
Operating Income	32,707			19,254			56,957			18,227
Other Income (Expense):
Interest income	6,030			3,218			10,073			6,385
Interest expense	(10,458		)	(7,922		)	(21,861		)	(20,762		)
Marketable security gains, net	731			6,557			5,801			10,552
Derivative gains (losses), net	94			(825		)	(143		)	(2,932		)
Foreign currency gains (losses), net	1,720			(916		)	1,521			(4,927		)
Other, net	10,213			195			6,558			198
	8,330			307			1,949			(11,486		)
Income from Continuing Operations Before Income Tax Expense and Equity in Earnings (Losses) of 50% or Less Owned Companies	41,037			19,561			58,906			6,741
Income Tax Expense	13,000			7,975			19,375			5,322
Income from Continuing Operations Before Equity in Earnings (Losses) of 50% or Less Owned Companies	28,037			11,586			39,531			1,419
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax	(512		)	7,710			1,709			6,841
Income from Continuing Operations	27,525			19,296			41,240			8,260
Loss from Discontinued Operations, Net of Tax	—			—			—			(10,325		)
Net Income (Loss)	27,525			19,296			41,240			(2,065		)
Net Income (Loss) attributable to Noncontrolling Interests in Subsidiaries	6,458			25			8,664			(348		)
Net Income (Loss) attributable to SEACOR Holdings Inc.	$	21,067		$	19,271		$	32,576		$	(1,717	)

Net Income (Loss) attributable to SEACOR Holdings Inc.:
Continuing operations	$	21,067		$	19,271		$	32,576		$	8,508
Discontinued operations	—			—			—			(10,225		)
	$	21,067		$	19,271		$	32,576		$	(1,717	)
Basic Earnings (Loss) Per Common Share of SEACOR Holdings Inc.:
Continuing operations	$	1.05		$	0.97		$	1.62		$	0.43
Discontinued operations	—			—			—			(0.52		)
	$	1.05		$	0.97		$	1.62		$	(0.09	)
Diluted Earnings (Loss) Per Common Share of SEACOR Holdings Inc.:
Continuing operations	$	0.98		$	0.91		$	1.58		$	0.42
Discontinued operations	—			—			—			(0.51		)
	$	0.98		$	0.91		$	1.58		$	(0.09	)
Weighted Average Common Shares Outstanding:
Basic	19,989,402			19,825,229			20,049,056			19,782,318
Diluted	24,584,494			24,392,312			24,665,869			20,114,904

SEACOR HOLDINGS INC. CONDENSED CONSOLIDATED STATEMENTS OF INCOME (in thousands, except per share data, unaudited)

	Three Months Ended
	Jun. 30, 2014			Mar. 31, 2014			Dec. 31, 2013			Sep. 30, 2013			Jun. 30, 2013
Operating Revenues	$	328,224		$	310,017		$	327,861		$	336,784		$	315,563
Costs and Expenses:
Operating	231,906			218,976			228,305			239,540			240,113
Administrative and general	34,686			38,077			39,522			31,463			34,718
Depreciation and amortization	33,220			33,392			33,684			33,503			33,783
	299,812			290,445			301,511			304,506			308,614
Gains on Asset Dispositions and Impairments, Net	4,295			4,678			3,957			19,230			12,305
Operating Income	32,707			24,250			30,307			51,508			19,254
Other Income (Expense):
Interest income	6,030			4,043			4,802			4,280			3,218
Interest expense	(10,458		)	(11,403		)	(11,310		)	(10,520		)	(7,922		)
Marketable security gains (losses), net	731			5,070			(3,600		)	(1,149		)	6,557
Derivative gains (losses), net	94			(237		)	(5,088		)	(303		)	(825		)
Foreign currency gains (losses), net	1,720			(199		)	(654		)	2,230			(916		)
Other, net	10,213			(3,655		)	(89		)	477			195
	8,330			(6,381		)	(15,939		)	(4,985		)	307
Income Before Income Tax Expense and Equity In Earnings (Losses) of 50% or Less Owned Companies	41,037			17,869			14,368			46,523			19,561
Income Tax Expense	13,000			6,375			5,441			15,984			7,975
Income Before Equity in Earnings (Losses) of 50% or Less Owned Companies	28,037			11,494			8,927			30,539			11,586
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax	(512		)	2,221			193			230			7,710
Net Income	27,525			13,715			9,120			30,769			19,296
Net Income attributable to Noncontrolling Interests in Subsidiaries	6,458			2,206			724			478			25
Net Income attributable to SEACOR Holdings Inc.	$	21,067		$	11,509		$	8,396		$	30,291		$	19,271

Basic Earnings Per Common Share of SEACOR Holdings Inc.	$	1.05		$	0.57		$	0.42		$	1.52		$	0.97

Diluted Earnings Per Common Share of SEACOR Holdings Inc.	$	0.98		$	0.56		$	0.41		$	1.36		$	0.91

Weighted Average Common Shares of Outstanding:
Basic	19,989			20,109			20,043			19,965			19,825
Diluted	24,584			20,546			20,530			24,602			24,392
Common Shares Outstanding at Period End	20,144			20,597			20,382			20,332			20,184

SEACOR HOLDINGS INC. SEGMENT INFORMATION (in thousands, unaudited)

	Three Months Ended
	Jun. 30, 2014			Mar. 31, 2014			Dec. 31, 2013			Sep. 30, 2013			Jun. 30, 2013
Offshore Marine Services
Operating Revenues	$	138,247		$	129,001		$	148,371		$	156,198		$	138,678
Costs and Expenses:
Operating	93,755			94,043			99,320			95,113			97,581
Administrative and general	13,426			15,160			17,085			14,132			14,235
Depreciation and amortization	16,448			16,304			16,207			16,470			16,460
	123,629			125,507			132,612			125,715			128,276
Gains on Asset Dispositions	3,526			7,738			3,087			15,343			7,895
Operating Income	18,144			11,232			18,846			45,826			18,297
Other Income (Expense):
Derivative gains (losses), net	(70		)	(61		)	(274		)	32			175
Foreign currency gains (losses), net	1,322			107			(49		)	1,937			(833		)
Other, net	14,739			—			(8		)	—			11
Equity in Earnings of 50% or Less Owned Companies, Net of Tax	2,244			2,641			2,988			1,527			7,694
Segment Profit⁽¹⁾	$	36,379		$	13,919		$	21,503		$	49,322		$	25,344

OIBDA⁽²⁾	$	34,592		$	27,536		$	35,053		$	62,296		$	34,757
Drydocking expenditures (included in operating costs and expenses)	$	10,887		$	11,080		$	11,899		$	9,017		$	14,804
Out-of-service days for drydockings	575			635			668			635			994

Inland River Services
Operating Revenues	$	56,007		$	57,959		$	65,437		$	52,742		$	47,357
Costs and Expenses:
Operating	45,047			39,674			42,472			38,473			35,193
Administrative and general	3,835			4,337			4,034			3,431			3,921
Depreciation and amortization	7,564			7,370			7,430			6,869			7,078
	56,446			51,381			53,936			48,773			46,192
Gains on Asset Dispositions	810			853			779			783			4,296
Operating Income	371			7,431			12,280			4,752			5,461
Other Income (Expense):
Foreign currency gains (losses), net	474			(327		)	(160		)	(89		)	219
Other, net	—			(38		)	—			—			—
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax	(3,335		)	(412		)	(5,320		)	80			1
Segment Profit (Loss)⁽¹⁾	$	(2,490	)	$	6,654		$	6,800		$	4,743		$	5,681

OIBDA⁽²⁾	$	7,935		$	14,801		$	19,710		$	11,621		$	12,539

SEACOR HOLDINGS INC. SEGMENT INFORMATION (continued) (in thousands, unaudited)

	Three Months Ended
	Jun. 30, 2014			Mar. 31, 2014			Dec. 31, 2013			Sep. 30, 2013			Jun. 30, 2013
Shipping Services
Operating Revenues	$	53,575		$	52,401		$	51,405		$	48,200		$	48,103
Costs and Expenses:
Operating	28,018			26,997			32,900			28,215			29,554
Administrative and general	5,421			5,896			5,639			5,133			6,124
Depreciation and amortization	7,115			7,754			7,754			7,841			7,907
	40,554			40,647			46,293			41,189			43,585
Gains (Losses) on Asset Dispositions	(41		)	—			91			3,104			114
Operating Income	12,980			11,754			5,203			10,115			4,632
Other Income (Expense):
Foreign currency gains (losses), net	1			(10		)	(5		)	6			(8		)
Other, net	158			(3,933		)	18			540			188
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax	1,564			753			376			(1,413		)	(403		)
Segment Profit⁽¹⁾	$	14,703		$	8,564		$	5,592		$	9,248		$	4,409

OIBDA⁽²⁾	$	20,095		$	19,508		$	12,957		$	17,956		$	12,539
Drydocking expenditures for U.S.-flag product tankers (included in operating costs and expenses)	$	—		$	42		$	5,504		$	664		$	2,884
Out-of-service days for drydockings of U.S.-flag product tankers	—			—			26			5			34

Illinois Corn Processing
Operating Revenues	$	72,798		$	58,656		$	46,875		$	52,580		$	61,378
Costs and Expenses:
Operating	56,429			47,274			38,812			52,390			59,402
Administrative and general	594			511			465			428			477
Depreciation and amortization	1,010			990			1,330			1,489			1,489
	58,033			48,775			40,607			54,307			61,368
Operating Income (Loss)	14,765			9,881			6,268			(1,727		)	10
Other Income (Expense):
Derivative gains (losses), net	(1,519		)	718			(3,719		)	1,129			473
Other, net	300			193			—			—			—
Segment Profit (Loss)⁽¹⁾	$	13,546		$	10,792		$	2,549		$	(598	)	$	483

SEACOR HOLDINGS INC. SEGMENT INFORMATION (continued) (in thousands, unaudited)

	Three Months Ended
	Jun. 30, 2014			Mar. 31, 2014			Dec. 31, 2013			Sep. 30, 2013			Jun. 30, 2013
Other
Operating Revenues	$	8,437		$	12,992		$	16,675		$	27,881		$	20,652
Costs and Expenses:
Operating	9,464			11,936			15,665			26,141			18,960
Administrative and general	3,449			3,111			1,888			1,429			1,323
Depreciation and amortization	82			85			91			92			96
	12,995			15,132			17,644			27,662			20,379
Losses on Asset Dispositions and Impairments, Net	—			(409		)	—			—			—
Operating Income (Loss)	(4,558		)	(2,549		)	(969		)	219			273
Other Income (Expense):
Derivative gains (losses), net	1,500			(733		)	198			(380		)	(450		)
Foreign currency gains (losses), net	53			9			(21		)	15			(169		)
Other, net	(5,013		)	175			(39		)	(3		)	—
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax	(985		)	(761		)	2,149			36			418
Segment Profit (Loss)⁽¹⁾	$	(9,003	)	$	(3,859	)	$	1,318		$	(113	)	$	72

Corporate and Eliminations
Operating Revenues	$	(840	)	$	(992	)	$	(902	)	$	(817	)	$	(605	)
Costs and Expenses:
Operating	(807		)	(948		)	(864		)	(792		)	(577		)
Administrative and general	7,961			9,062			10,411			6,910			8,638
Depreciation and amortization	1,001			889			872			742			753
	8,155			9,003			10,419			6,860			8,814
Losses on Asset Dispositions and Impairments, Net	—			(3,504		)	—			—			—
Operating Loss	$	(8,995	)	$	(13,499	)	$	(11,321	)	$	(7,677	)	$	(9,419	)
Other Income (Expense):
Derivative gains (losses), net	$	183		$	(161	)	$	(1,293	)	$	(1,084	)	$	(1,023	)
Foreign currency gains (losses), net	(130		)	22			(419		)	361			(125		)
Other, net	29			(52		)	(60		)	(60		)	(4		)

______________________


(1)	Includes amounts attributable to both SEACOR and noncontrolling interests.

(2)

Non-GAAP Financial Measure. The Company, from time to time, discloses and discusses OIBDA, a non-GAAP financial measure, for certain of its operating segments in its public releases and other filings with the Securities and Exchange Commission. The Company defines OIBDA as operating income (loss) plus depreciation and amortization. The Company's measure of OIBDA may not be comparable to similarly titled measures presented by other companies. Other companies may calculate OIBDA differently than the Company, which may limit its usefulness as a comparative measure. In addition, this measurement does not necessarily represent funds available for discretionary use and is not a measure of its ability to fund its cash needs. OIBDA is a financial metric used by management (i) as a supplemental internal measure for planning and forecasting overall expectations and for evaluating actual results against such expectations; (ii) as a criteria for annual incentive bonuses paid to the Company officers and other shore-based employees; and (iii) to compare to the OIBDA of other companies when evaluating potential acquisitions.

SEACOR HOLDINGS INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, unaudited)

	Jun. 30, 2014			Mar. 31, 2014			Dec. 31, 2013			Sep. 30, 2013			Jun. 30, 2013
ASSETS
Current Assets:
Cash and cash equivalents	$	453,415		$	374,790		$	527,435		$	332,767		$	394,783
Restricted cash	14,346			14,490			12,175			20,893			16,776
Marketable securities	33,275			29,522			24,292			25,660			27,264
Receivables:
Trade, net of allowance for doubtful accounts	198,768			203,785			215,768			211,853			188,128
Other	50,571			41,292			48,181			39,774			37,204
Inventories	20,207			24,962			27,615			25,442			22,955
Deferred income taxes	116			116			116			3,530			3,530
Prepaid expenses and other	12,837			8,292			6,701			10,746			11,715
Total current assets	783,535			697,249			862,283			670,665			702,355
Property and Equipment:
Historical cost	2,216,627			2,224,212			2,199,183			2,208,315			2,212,929
Accumulated depreciation	(888,442		)	(894,511		)	(866,330		)	(835,604		)	(806,672		)
	1,328,185			1,329,701			1,332,853			1,372,711			1,406,257
Construction in progress	297,523			325,529			143,482			129,481			133,985
Net property and equipment	1,625,708			1,655,230			1,476,335			1,502,192			1,540,242
Investments, at Equity, and Advances to 50% or Less Owned Companies	484,164			456,446			440,853			365,891			293,793
Construction Reserve Funds & Title XI Reserve Funds	324,856			264,339			261,739			229,021			150,375
Goodwill	18,012			17,963			17,985			17,978			17,978
Intangible Assets, Net	10,754			11,567			12,423			13,583			14,594
Other Assets	48,964			42,241			44,615			52,394			48,996
	$	3,295,993		$	3,145,035		$	3,116,233		$	2,851,724		$	2,768,333

LIABILITIES AND EQUITY
Current Liabilities:
Current portion of long-term debt	$	43,557		$	49,171		$	45,323		$	26,973		$	25,109
Accounts payable and accrued expenses	87,235			83,296			85,477			73,063			73,185
Other current liabilities	119,501			132,190			123,619			124,788			122,434
Total current liabilities	250,293			264,657			254,419			224,824			220,728
Long-Term Debt	830,303			830,887			834,118			675,206			674,444
Deferred Income Taxes	456,403			456,883			457,827			437,436			421,623
Deferred Gains and Other Liabilities	175,229			145,483			144,441			133,525			115,102
Total liabilities	1,712,228			1,697,910			1,690,805			1,470,991			1,431,897
Equity:
SEACOR Holdings Inc. stockholders’ equity:
Preferred stock	—			—			—			—			—
Common stock	375			374			372			372			370
Additional paid-in capital	1,479,942			1,401,294			1,394,621			1,358,273			1,347,909
Retained earnings	1,127,846			1,106,779			1,095,270			1,086,874			1,056,583
Shares held in treasury, at cost	(1,126,322		)	(1,087,101		)	(1,088,219		)	(1,088,219		)	(1,089,061		)
Accumulated other comprehensive income (loss), net of tax	225			(929		)	(1,192		)	(1,809		)	(4,243		)
	1,482,066			1,420,417			1,400,852			1,355,491			1,311,558
Noncontrolling interests in subsidiaries	101,699			26,708			24,576			25,242			24,878
Total equity	1,583,765			1,447,125			1,425,428			1,380,733			1,336,436
	$	3,295,993		$	3,145,035		$	3,116,233		$	2,851,724		$	2,768,333

SEACOR HOLDINGS INC. FLEET COUNTS (unaudited)

	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013
Offshore Marine Services
Anchor handling towing supply	18	18	18	18	18
Crew	38	39	42	43	45
Mini-supply	7	8	8	8	8
Standby safety	25	25	25	25	25
Supply	27	26	27	26	26
Towing supply	3	3	3	3	3
Specialty	9	9	12	12	12
Liftboats	15	15	15	15	17
Wind farm utility	35	34	34	33	32
	177	177	184	183	186

Inland River Services
Dry-cargo barges	1,463	1,415	1,405	1,409	1,413
Liquid tank barges	74	74	74	75	75
Deck barges	20	20	20	20	20
Towboats	32	32	32	31	31
Dry-cargo vessel	—	—	1	1	1
	1,589	1,541	1,532	1,536	1,540

Shipping Services⁽¹⁾
U.S.-flag:
Product tankers	7	7	7	7	7
RORO/deck barges	7	7	7	7	7
Dry-bulk articulated tug-barge	1	1	1	1	1
Harbor tugs	24	24	24	24	24
Ocean liquid tank barges	5	5	5	5	5
Foreign-flag:
Harbor tugs	4	4	4	4	4
Very large gas carriers	3	3	3	3	—
Short-sea container/RORO	7	8	8	7	8
	58	59	59	58	56

______________________


⁽¹⁾	For each of the periods presented, the Company provided technical management services for two additional vessels.

SEACOR HOLDINGS INC. EXPECTED FLEET DELIVERIES (unaudited)

	2014		2015				2016				2017
	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Total
Offshore Marine Services
Crew	1	2	—	1	2	2	1	—	—	—	—	—	9
Supply⁽¹⁾	1	—	—	1	—	—	—	—	—	—	—	—	2
Wind farm utility	—	1	—	1	—	—	—	—	—	—	—	—	2

Inland River Services
Liquid tank barges	—	1	1	—	—	—	—	—	—	—	—	—	2
Towboats	—	2	1	1	—	—	—	—	—	—	—	—	4

Shipping Services
U.S.-flag product tankers	—	—	—	—	—	—	—	1	—	1	1	—	3
U.S.-flag articulated tug-barge	—	—	—	—	—	—	—	—	1	—	—	—	1

______________________


(1)	To be sold to SEACOR OSV Partners I LP, a 50% or less owned company, upon delivery.

SEACOR HOLDINGS INC. OFFSHORE MARINE SERVICES TIME CHARTER OPERATING DATA (unaudited)

	Three Months Ended
	Jun. 30, 2014			Mar. 31, 2014			Dec. 31, 2013			Sep. 30, 2013			Jun. 30, 2013
Rates Per Day Worked:
Anchor handling towing supply	$	25,796		$	24,841		$	26,773		$	29,008		$	23,635
Crew	9,222			8,664			8,627			8,553			7,719
Mini-supply	6,627			7,148			7,805			8,048			7,721
Standby safety	10,932			10,679			10,584			9,922			9,621
Supply	16,948			17,156			16,906			17,541			16,864
Towing supply	9,339			10,128			8,744			10,970			9,156
Specialty	26,860			19,200			31,856			37,121			24,822
Liftboats	23,017			22,219			26,072			25,001			22,062
Overall Average Rates Per Day Worked (excluding wind farm utility)	15,470			14,324			15,355			15,677			13,588
Wind farm utility	2,553			2,423			2,427			2,315			2,302
Overall Average Rates Per Day Worked	12,259			11,659			12,279			12,454			11,010

Utilization:
Anchor handling towing supply	83		%	77		%	74		%	75		%	74		%
Crew	75		%	81		%	84		%	88		%	90		%
Mini-supply	81		%	92		%	94		%	96		%	97		%
Standby safety	88		%	88		%	88		%	88		%	86		%
Supply	82		%	86		%	82		%	75		%	83		%
Towing supply	74		%	92		%	84		%	83		%	79		%
Specialty	52		%	47		%	81		%	58		%	54		%
Liftboats	80		%	60		%	73		%	82		%	69		%
Overall Fleet Utilization (excluding wind farm utility)	80		%	80		%	82		%	83		%	82		%
Wind farm utility	91		%	81		%	90		%	95		%	93		%
Overall Fleet Utilization	83		%	80		%	84		%	86		%	84		%

Available Days:
Anchor handling towing supply	1,547			1,530			1,564			1,564			1,547
Crew	2,533			2,605			2,740			2,844			3,057
Mini-supply	479			540			552			552			565
Standby safety	2,184			2,160			2,208			2,208			2,184
Supply	1,407			1,530			1,564			1,564			1,538
Towing supply	182			180			184			184			182
Specialty	273			270			276			327			364
Liftboats	1,365			1,350			1,380			1,543			1,614
Overall Fleet Available Days (excluding wind farm utility)	9,970			10,165			10,468			10,786			11,051
Wind farm utility	2,912			2,863			2,959			2,978			2,889
Overall Fleet Available Days	12,882			13,028			13,427			13,764			13,940