HVIDE MARINE INC
SC 13G/A, 2000-02-10
DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT
Previous: PHOTOELECTRON CORP, SC 13G/A, 2000-02-10
Next: CAMBIOR INC, SC 13G/A, 2000-02-10




               SECURITIES AND EXCHANGE COMMISSION
                     WASHINGTON, D.C. 20549
                         ---------------
                          SCHEDULE 13G
                         (Rule 13d-102)

     INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
     TO RULES 13d-1(b) AND (c) AND AMENDMENTS THERETO FILED
                      PURSUANT TO 13d-2(b)



                    Hvide Marine Incorporated
- -----------------------------------------------------------------
                        (Name of Issuer)

Common Stock, $.01 par value, and Warrants exercisable for Common
                              Stock
- -----------------------------------------------------------------
                 (Title of Class of Securities)

                    44851M109 (Common Stock)
                      44851M117 (Warrants)
- -----------------------------------------------------------------
                         (CUSIP Numbers)

                     James C. Kennedy, Esq.
                     One East Fourth Street
                     Cincinnati, Ohio 45202
                         (513) 579-2538
- -----------------------------------------------------------------

          (Name, Address and Telephone Number of Person
        Authorized to Receive Notices and Communications)


                        December 31, 1999
- -----------------------------------------------------------------
     (Date of Event which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:

     / X /     Rule 13d-1(b)
     /   /     Rule 13d-1(c)
     /   /     Rule 13d-1(d)
                        Page 1 of 6 Pages
<PAGE>
CUSIP NO. 44851M109 (Common Stock)    13G     Page 2 of 6  Pages
          44851M117 (Warrants)

1    NAME OF REPORTING PERSONS
     S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS

     American Financial Group, Inc.             31-1544320
     Carl H. Lindner
     Carl H. Lindner III
     S. Craig Lindner
     Keith E. Lindner

2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*    (a) [ ]
                                                          (b) [ ]
3    SEC USE ONLY

4    CITIZENSHIP OR PLACE OF ORGANIZATION
     Ohio Corporation
     United States Citizens

5    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
     WITH:

     SOLE VOTING POWER
     - - -

6    SHARED VOTING POWER
     411,601

7    SOLE DISPOSITIVE POWER
     - - -

8    SHARED DISPOSITIVE POWER
     577,815

9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
      PERSON
     577,815

10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
      EXCLUDES CERTAIN SHARES*                                [ ]

11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
          5.7%

12   TYPE OF REPORTING PERSON*
          CO
          IN



<PAGE>

CUSIP NO. 44851M109 (Common Stock)    13G     Page 3 of 6 Pages
          44851M117 (Warrants)

Item 1(a).  Name of Issuer.

     Hvide Marine Incorporated

Item 1(b).  Address of Issuer's Principal Executive Office.

     2200 Eller Drive, P.O. Box 13038, Ft. Lauderdale, FL  33316

Item 2(a).  Name of Person Filing.

     American Financial Group, Inc.
     Carl H. Lindner
     Carl H. Lindner III
     S. Craig Lindner
     Keith E. Lindner

Item 2(b).  Address of Principal Business Office or, if None,
            Residence.

     One East Fourth Street, Cincinnati, Ohio 45202

Item 2(c).  Citizenship.

     Ohio Corporation
     United States Citizen

Item 2(d).  Title of Class of Securities.

     Common Stock, $.01 par value
     Warrants, exercisable for Common Stock

Item 2(e).  Cusip Numbers.

     44851M109 (Common Stock) 44851M117 (Warrants)

Item 3.     This statement is filed pursuant to Rule 13d-1(b).

Item 4. Ownership.
(a)  Amount Beneficially Owned:                         577,815
(b)  Percentage of Class:                               5.7%
(c)  Number of shares as to which such person has:
     (i)        Sole power to vote or direct the vote:  none
     (ii)   Shared power to vote or direct the vote:    411,601
     (iii) Sole power to dispose or direct the
              disposition of:                           none
     (iv)  Shared power to dispose or direct the
              disposition of:                           577,815
<PAGE>
CUSIP NO. 44851M109 (Common Stock)    13G     Page 4 of 6 Pages
          44851M117 (Warrants)

      Ownership  includes  411,601 shares  of  Common  Stock  and
Warrants to purchase 166,214 shares of Common Stock.

Item 10.      Certification.

     By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose
of  and  do  not  have the effect of changing or influencing  the
control of the issuer of such securities and were not acquired in
connection  with  or  as a participant in any transaction  having
such purpose or effect.

      After  reasonable  inquiry and to the  best  knowledge  and
belief  of  the  undersigned, it is  hereby  certified  that  the
information  set  forth in this statement is true,  complete  and
correct.

Dated:  February 10, 2000   AMERICAN FINANCIAL GROUP, INC.

                            By:  James C. Kennedy
                            James C. Kennedy, Deputy General
                            Counsel and Secretary

                            AMERICAN FINANCIAL CORPORATION

                            By:  James C. Kennedy
                            James C. Kennedy, Deputy General
                            Counsel and Secretary

                            Carl H. Lindner*
                            Carl H. Lindner

                            Carl H. Lindner III*
                            Carl H. Lindner III

                            S. Craig Lindner*
                            S. Craig Lindner

                            Keith E. Lindner*
                            Keith E. Lindner
James C. Kennedy
*By James C. Kennedy, Attorney-in-Fact


<PAGE>
CUSIP NO. 44851M109 (Common Stock)    13G     Page 4 of 6 Pages
          44851M117 (Warrants)

                       POWERS OF ATTORNEY

      I,  Carl H. Lindner, do hereby appoint James C. Kennedy and
Karl J. Grafe, or either of them, as my true and lawful attorneys-
in-fact to sign on my behalf individually and as Chairman of  the
Board  of  Directors  and  Chief Executive  Officer  of  American
Financial  Group, Inc. or as a director or executive  officer  of
any  of  its  subsidiaries and to file with  the  Securities  and
Exchange  Commission any schedules or other filings or amendments
thereto made by me or on behalf of American Financial Group, Inc.
or  any  of  its subsidiaries pursuant to Sections 13(d),  13(f),
13(g), 14(d) or 16(a) of the Securities and Exchange Act of 1934,
as amended.

      IN  WITNESS  WHEREOF,  I  have  hereunto  set  my  hand  at
Cincinnati, Ohio as of the 5th day of November, 1997.

                              /s/ Carl H. Lindner
                              Carl H. Lindner

      I,  Carl H. Lindner III, do hereby appoint James C. Kennedy
and  Karl  J.  Grafe, or either of them, as my  true  and  lawful
attorneys-in-fact  to  sign  on my  behalf  individually  and  as
Chairman of the Board of Directors and Chief Executive Officer of
American  Financial  Group, Inc. or as a  director  or  executive
officer  of  any  of  its  subsidiaries  and  to  file  with  the
Securities and Exchange Commission any schedules or other filings
or  amendments  thereto  made by me  or  on  behalf  of  American
Financial  Group,  Inc.  or any of its subsidiaries  pursuant  to
Sections  13(d), 13(f), 13(g), 14(d) or 16(a) of  the  Securities
and Exchange Act of 1934, as amended.

      IN  WITNESS  WHEREOF,  I  have  hereunto  set  my  hand  at
Cincinnati, Ohio as of the 5th day of November, 1997.

                              /s/ Carl H. Lindner III
                              Carl H. Lindner III


      I, S. Craig Lindner, do hereby appoint James C. Kennedy and
Karl J. Grafe, or either of them, as my true and lawful attorneys-
in-fact to sign on my behalf individually and as Chairman of  the
Board  of  Directors  and  Chief Executive  Officer  of  American
Financial  Group, Inc. or as a director or executive  officer  of
any  of  its  subsidiaries and to file with  the  Securities  and
Exchange  Commission any schedules or other filings or amendments
thereto made by me or on behalf of American Financial Group, Inc.
or  any  of  its subsidiaries pursuant to Sections 13(d),  13(f),
13(g), 14(d) or 16(a) of the Securities and Exchange Act of 1934,
as amended.

      IN  WITNESS  WHEREOF,  I  have  hereunto  set  my  hand  at
Cincinnati, Ohio as of the 5th day of November, 1997.

                              /s/ S. Craig Lindner
                              S. Craig Lindner

<PAGE>
CUSIP NO. 44851M109 (Common Stock)    13G    Page 4 of 6 Pages
          44851M117 (Warrants)



      I, Keith E. Lindner, do hereby appoint James C. Kennedy and
Karl J. Grafe, or either of them, as my true and lawful attorneys-
in-fact to sign on my behalf individually and as Chairman of  the
Board  of  Directors  and  Chief Executive  Officer  of  American
Financial  Group, Inc. or as a director or executive  officer  of
any  of  its  subsidiaries and to file with  the  Securities  and
Exchange  Commission any schedules or other filings or amendments
thereto made by me or on behalf of American Financial Group, Inc.
or  any  of  its subsidiaries pursuant to Sections 13(d),  13(f),
13(g), 14(d) or 16(a) of the Securities and Exchange Act of 1934,
as amended.

      IN  WITNESS  WHEREOF,  I  have  hereunto  set  my  hand  at
Cincinnati, Ohio as of the 5th day of November, 1997.


                                /s/ Keith E. Lindner
                                Keith E. Lindner















© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission