Annual report pursuant to Section 13 and 15(d)

Noncontrolling Interests in Subsidiaries (Notes)

v3.8.0.1
Noncontrolling Interests in Subsidiaries (Notes)
12 Months Ended
Dec. 31, 2017
Noncontrolling Interest [Abstract]  
Noncontrolling Interest Disclosure [Text Block]
12.
NONCONTROLLING INTERESTS IN SUBSIDIARIES
Noncontrolling interests in the Company’s consolidated subsidiaries as of December 31 were as follows (in thousands):
 
Noncontrolling Interests
 
2017
 
2016
Ocean Services:
 
 
 
 
 
 
 
SEA-Vista
49%
 
128,550

 
106,054

Inland Services:
 
 
 
 
 
 
 
Other
3.0
%
51.8%
 
977

 
980

Other
5.0%
 
151

 
152

Discontinued Operations
1.8
%
30.0%
 

 
28,190

 
 
 
 
 
$
129,678

 
$
135,376


SEA-Vista. SEA-Vista owns and operates the Company’s fleet of U.S.-flag petroleum and chemical carriers used in the U.S. coastwise trade of crude oil, petroleum and specialty chemical products. As of December 31, 2017 and 2016, the net assets of SEA-Vista were $262.3 million and $216.4 million, respectively. During the year ended December 31, 2017, the net income of SEA-Vista was $45.9 million, of which $22.5 million was attributable to noncontrolling interests. During the year ended December 31, 2016, the net income of SEA-Vista was $36.3 million, of which $17.8 million was attributable to noncontrolling interests. During the year ended December 31, 2015, the net income of SEA-Vista was $5.2 million, of which $2.6 million was attributable to noncontrolling interests.
Discontinued Operations. As of December 31, 2016, the noncontrolling interests related to the Spin-off of SEACOR Marine and the sale of ICP (see Note 1).