Rochester,NY 9/2/2009 1:53:22 AM
TRMA Trico Marine Services Inc., Opened at 6.72, spikes to 6.89 and settles to 6.20 in the Late After noon
Trico Marine Services Inc.
Trico Marine Services, Inc., through its subsidiaries, provides subsea and marine support vessels to the offshore oil and gas industry, began the day at 6.72 spikes to 6.89 on volume of 430,131 shares. During the Late Aftre noon the stock Ranged from 6.11 - 6.89.
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About Trico Marine Services, Inc.
Trico Marine Services, Inc., through its subsidiaries, provides subsea and marine support vessels to the offshore oil and gas industry. It operates in three segments: Subsea Services, Subsea Trenching and Protection, and Towing and Supply. The Subsea Services segment provides technology oriented subsea services, including inspection, maintenance, and repair services; survey and light construction support; decommissioning; onshore engineering work; post processing of survey data; and associated reporting. The Subsea Trenching and Protection segment offers subsea trenching and protection services for the burial of subsea transmission systems. This segment?s customers are primarily within the offshore oil and gas, power (electricity transmission systems), telecommunications (intercontinental and regional systems), and military industries. The Towing and Supply segment provides marine support services, which include the transportation of drilling materials, supplies, and crews to drilling rigs and other offshore facilities; towing drilling rigs and equipment; and support for the construction, installation, repair, and maintenance of offshore facilities. As of December 31, 2008, the company?s fleet together with vessels held in joint ventures consisted of 77 vessels, including 7 subsea platform supply vessels; 10 multi-purpose service vessels; 7 large capacity platform supply vessels; 6 large anchor handling, towing, and supply vessels; 38 supply vessels; 3 crew boats; 5 subsea trenching and protection vessels; and 1 line handling vessel. The company has operations in the North Sea, west Africa, Mexico, the Mediterranean, Brazil, and southeast Asia, as well as the Gulf of Mexico. Trico Marine Services, Inc. was founded in 1993 and is headquartered in Houston, Texas with additional offices in Haugesund, Norway; Darlington, the United Kingdom; Aberdeen, Scotland; and Lagos, Nigeria.
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