UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 25, 1998
TRICO MARINE SERVICES, INC.
(Exact name of Registrant as specified in its charter)
Delaware 0-28316 72-1252405
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
250 North American Court
Houma, Louisiana 70363
(Address of principal executive offices)(Zip Code)
(504) 851-3833
(Registrant's telephone number, including area code)
Not applicable
(Former name or former address, if changed since last report.)
Item 5. Other Events.
On March 15, 1998, the Bass River, a 180-foot supply boat
owned by a wholly-owned subsidiary of the Registrant, was struck
by a 220-foot supply boat owned by Alpha Marine Services, L.L.C.
The collision occurred in the Gulf of Mexico approximately 10
miles south of Port Fourchon, Louisiana. As a result of the
collision, the Bass River sustained substantial damage and
capsized. An investigation into the cause of the collision is
being conducted by the Registrant and appropriate governmental
authorities.
Of the six crewman and one passenger on board the Bass River
at the time of the collision, four crewmen were rescued and two
crewmen and the passenger died.
As a result of the collision, the vessel may have leaked
small amounts of fuel and liquid drilling mud, but as a result of
steps taken by the Registrant and high sea levels, the
Registrant does not expect to incur significant environmental
related costs or liabilities as a result of the collision that are
not covered by insurance.
The vessel is insured for $5.6 million, and any property
damage, personal injury, environmental response or related claims
against the Registrant as a result of the collision are, subject
to standard deductions, fully covered by insurance.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
TRICO MARINE SERVICES, INC.
By: /s/ Victor M. Perez
Victor M. Perez
Vice President and Chief Financial Officer
Dated: March 25, 1998
