Naviera Central S.A. and SCF Marine Inc. Commence Barge Operations on the Magdalena River in Colombia

Fri May 25, 2012 6:08pm EDT

* Reuters is not responsible for the content in this press release.

  CARTAGENA, COLOMBIA, May 25 (Marketwire) -- 
SCF Marine Inc. ("SCF"), a subsidiary of SEACOR Holdings Inc. (NYSE:
CKH), commenced barge operations on the Magdalena River through its
majority interest in Naviera Central S.A. ("Naviera"), a Colombian inland
river services barge and terminal company with more than a decade of
operating experience on the rivers of Colombia, primarily through the use
of shallow draft equipment. 

    SCF is a recognized name on the U.S. Inland River Waterways with a fleet
that includes 1,576 barges and 30 towboats. In addition to operations on
the Magdalena River, SCF operates on the Hidrovia Parana-Paraguay River
System and is involved in several shore side terminal operations, ranging
from a bulk liquids terminal located in Sauget, Illinois, to a
transshipment terminal at the Port of Ibicuy, Argentina. 

    Naviera's fleet now includes 6 x Mississippi style hopper barges with
covers, 4 x 10,000 barrel tank barges, 2 multipurpose barges, 3 shallow
draft towboats, and 3 semi-convoys, each with 70 tons of capacity.

    On its May 12th inaugural trip, the convoy transported a total of 3,850
tons of corn, sorghum, and steel products. The cargo was loaded in
Cartagena and Barranquilla and was unloaded in Puerto Berrio with Bogota
and Medellin as its final destinations. The convoy is expected to return
to Cartagena with coal from the Boyaca and Cundinamarca Departments. The
trip is estimated to take 5-6 days. 

    The new river transport service is expected to service markets in the
Boyaca, Cundinamarca, Antioquia and Santander Departments, a combined
area of 141,371 square kilometers (54,580 square miles) with a total
population of approximately 19.5 million, including the metropolitan
areas of Bogota, Medellin, and Barrancabermeja.

    Tim Power, President of SCF Marine Inc., said, "We consider Colombia to
be a country of opportunities with growing requirements for
transportation of high-volume products such as grain, coal, fuel, and
construction materials along the Magdalena River. SCF through its
interest in Naviera Central is pleased to meet these needs by providing
high quality transportation services to our customers." 

    Mauricio Lopez, General Manager of Naviera Central S.A., added, "River
transport is an integral part of a multi-modal chain that includes land
transport and port services. Investment in Colombia's infrastructure is
required in order for us to maintain the level of competitiveness
required for sustained economic growth and, further, to realize the
future development goals of our country, especially now that various
trade agreements have been implemented. We are proud to be the first
company to obtain foreign investment to start operations on the Magdalena
River. With the investment by SEACOR, we are also proud to be the first
foreign company to start commercial operations on the Magdalena River,
contributing to its development as a world-class waterway."

    For additional information, contact Mauricio Lopez Londono at + 312 289
2674 or visit Naviera's website at www.navieracentral.com. 

    About Naviera

    Naviera Central S.A. (Naviera) provides efficient, cost-effective inland
river barge and terminal services in Colombia along the Magdalena and
Cauca Rivers. With SEACOR's extensive experience on the U.S. Inland River
Waterways, and with the arrival of new equipment, Naviera's service area
has been expanded to include all ports along the Magdalena River
including Bocas de Ceniza (Barranquilla), Canal del Dique (Cartagena),
and Port Salgar.

    About SEACOR

    SEACOR Holdings Inc. (SEACOR) is a global provider of equipment and
services primarily supporting the offshore oil and gas and marine
transportation industries. SEACOR offers customers a diversified suite of
services including: offshore marine; aviation; inland river; marine
transportation; emergency and crisis; commodity trading and logistics;
and offshore and harbor towing. SEACOR is focused on providing highly
responsive local service combined with the highest safety standards,
innovative technology, modern, efficient equipment and dedicated
professional employees. 

    

For additional information, contact:
Mauricio Lopez Londono
+ 312 289 2674
www.navieracentral.com 

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