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FORM 4
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STATEMENT OF CHANGES OF BENEFICIAL OWNERSHIP
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1. Name and Address of Reporting Person
Hvide, J. Erik
2200 Eller Drive, P.O. Box 13038
Ft. Lauderdale, Florida 33316
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2. Issuer Name and Ticker or Trading Symbol
Hvide Marine Incorporated (HMAR)
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year - August 1998
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5. If Amendment, Date of Original (Month/Day/Year)
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6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
1. Chairman, President and CEO
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7. Individual or Joint/Group Filing -- Form filed by One Reporting Person
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TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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1. Title of Security -
CLASS A COMMON STOCK
CLASS B COMMON STOCK
CLASS B COMMON STOCK
CLASS B COMMON STOCK
CLASS B COMMON STOCK
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2-4 Transaction Date Transaction Securities Acquired (A)
(Month/Day/Year) Code Vol Amount Price (per share)
8/17/98 p 2,000 (A) 8.125
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5-7. Amount of Securities Ownership Form: Nature of Indirect
Beneficially Owned at Direct (D) or Beneficial Ownership
End of Month. Indirect (I)
24,000 (D)
420,335 (I) by limited partnership
794,909 (I) by limited partnership
78,230 (I) by limited partnership
202,992 (I) by limited partnership
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TABLE II - DERIVATIVE SECURITIES BENEFICIALLY OWNED
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1. Title of Derivative Security
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2. Conversion or Exercise Price of Derivative Security
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3-5 Transaction Date Transaction Number of Derivative
(Month/Day/Year) Code Vol Securities Acquired
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6. Date Exercisable and Expiration Date (Month/Day/Year)
Date Exercisable Expiration Date
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7. Title and Amount of Underlying Securities
Title Amount or Number of Shares
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8. Price of Derivative Security
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9-11. Amount of Derivative Ownership Form: Nature of Indirect
Securities Beneficially Direct (D) or Beneficial Ownership
Owned at End of Month. Indirect (I)
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Explanation of Responses:
SIGNATURE OF REPORTING PERSON
/s/ J. ERIK HVIDE
J. Erik Hvide
September 2, 1998
Date
