On June 6, 2008, the Company issued a press release announcing that its Board of Directors has increased by $75.5 million its authorization for repurchases of its common stock and its 2.875% convertible senior debentures due 2024. With this increase, the Company has approximately $150 million available for such purchases. Additionally, the Company may purchase, separate from such authorization, any or all of its 7.2% senior notes due 2009, its 5 7/8% senior notes due 2012, and the 9 1/2% senior notes due 2013 of Seabulk International, Inc., a wholly-owned subsidiary. The repurchase of securities may be conducted from time to time through open market purchases, privately negotiated transactions or otherwise depending on market conditions. A copy of the press release is furnished as Exhibit 99.1 to this report and is incorporated herein by reference.

(d) Exhibits

Exhibit No.    Description

99.1           Press Release of SEACOR Holdings Inc., dated June 6, 2008,
               reporting SEACOR's increased authorization for repurchases.