HVIDE MARINE INC
10-Q/A, 1998-05-15
DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT
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                   SECURITIES AND EXCHANGE COMMISSION

                          WASHINGTON, D.C. 20549

                                FORM 10-Q/A

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES  EXCHANGE ACT
OF 1934.

              For the quarterly period ended March 31, 1998

                     Commission File Number: 0-28732



                        HVIDE MARINE INCORPORATED


State of Incorporation:  Florida             I.R.S. Employer I.D. 65-0524593

                            2200 Eller Drive
                             P.O. Box 13038
                      Ft. Lauderdale, Florida  33316
                            (954) 524-4200




Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding twelve months (or for such shorter periods that the registrant was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past ninety days.

                 Yes          X                       No



There were  12,399,758 and 2,906,465  shares of Class A Common Stock,  per value
$0.001  per  share,  and Class B Common  Stock,  par  value  $0.001  per  share,
respectively, outstanding at May 8, 1998.


<PAGE>



PART II.  OTHER INFORMATION

Item 6.           Exhibits and Reports on Form 8-K.

a.        Exhibits.

          27 - Financial Data Schedule (Amended)

b. Reports on Form 8-K.

          The  Company's  Current  Report on Form 8-K dated  February  13,  1998
          reporting on the  acquisition of offshore  energy support vessels from
          Care Offshore, Inc., filed with the Securities and Exchange Commission
          on February 25, 1998.

Signature

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 thereunto duly authorized.

HVIDE MARINE INCORPORATED


 /s/ JOHN J. KRUMENACKER
- -----------------------------------------------------

John J. Krumenacker
Controller and Chief Accounting Officer

Date:  May 15, 1998

                                                        2


<TABLE> <S> <C>

<ARTICLE>                     5
<MULTIPLIER>                  1000
<CURRENCY>                    U.S. DOLLARS
       
<S>                           <C>
<PERIOD-TYPE>                 3-MOS
<FISCAL-YEAR-END>             DEC-31-1998
<PERIOD-START>                JAN-01-1998
<PERIOD-END>                  MAR-31-1998
<EXCHANGE-RATE>               1
<CASH>                              15,108
<SECURITIES>                             0
<RECEIVABLES>                       54,922
<ALLOWANCES>                             0
<INVENTORY>                         15,205
<CURRENT-ASSETS>                   101,751
<PP&E>                             817,136
<DEPRECIATION>                      57,533
<TOTAL-ASSETS>                     972,468
<CURRENT-LIABILITIES>               49,660
<BONDS>                                  0
              115,000
                              0
<COMMON>                                15
<OTHER-SE>                         231,859
<TOTAL-LIABILITY-AND-EQUITY>       972,468
<SALES>                                  0
<TOTAL-REVENUES>                    86,485
<CGS>                                    0
<TOTAL-COSTS>                       65,922
<OTHER-EXPENSES>                     1,684
<LOSS-PROVISION>                         0
<INTEREST-EXPENSE>                   7,292
<INCOME-PRETAX>                     11,587
<INCOME-TAX>                         4,403
<INCOME-CONTINUING>                  7,184
<DISCONTINUED>                           0
<EXTRAORDINARY>                       (734)
<CHANGES>                                0
<NET-INCOME>                         6,450
<EPS-PRIMARY>                         0.42
<EPS-DILUTED>                         0.39
        


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