8-K

               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): January 31, 2000
                                                   ----------------



                   HVIDE MARINE INCORPORATED
   (Exact name of registrant as specified in its charter)



 Delaware                     0-28732                   65-0966399
- ----------                   ---------                  -----------
(State or other            (Commission File            (IRS Employer
 jurisdiction of              Number)                Identification No.)
 incorporation)



   2200 Eller Drive, P.O. Box 13038, Fort Lauderdale, Florida 33316
   ----------------------------------------------------------------
   (Address of principal executive offices)               (Zip Code)



   Registrant's telephone number, including area code: 954.524.4200
                                                       ------------









Item 5. Other Events.
        ------------

         (a)  On  January  21,  2000,  Hvide  Marine  Incorporated,  a  Delaware
corporation (the "Company")  announced the distribution of 10,000,000  shares of
its Common  Stock (the  "Common  Stock")  and 250,000 of its Class A Warrants to
purchase  Common  Stock  ("the  Warrants"),  in  accordance  with  the  Plan  of
Reorganization  of  its  predecessor,   Hvide  Marine  Incorporated,  a  Florida
corporation,  which became effective on December 15, 1999. In its  announcement,
the Company stated that the  distributions  were being  completed on January 21,
2000 and that  trading in the Common Stock and Warrants was expected to commence
on January 24,  2000 on the  Over-the-Counter  Bulletin  Board under the symbols
HVDM for the Common Stock and HVDMW for the Warrants.

Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits.
         ------------------------------------------------------------------

         The following is being filed as an exhibit to this Report:

         99.1     Hvide Marine Incorporated announcement dated January 21, 2000.










                                   SIGNATURES

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  Registrant  has duly  caused  this  report to be signed by the  undersigned
thereunto duly authorized.

                                          HVIDE MARINE INCORPORATED
                                          -------------------------
                                             (Registrant)


                                           By s/Robert B. Lamm

                                              Robert B. Lamm
                                              Senior Vice President,
                                              General Counsel and Secretary

Dated: January 31, 2000

EX-99.1

Contact: Jack O'Connell (Corporate Communications and Investor Relations),
                                    954/524-4200, x224


     HVIDE MARINE ANNOUNCES  DISTRIBUTION OF NEW STOCK AND WARRANTS;
                      TRADING TO BEGIN ON MONDAY

     Fort Lauderdale,  FL, January 21, 2000 - Hvide Marine Incorporated  (OTCBB:
HVDM) today announced the  distribution  of 10,000,000  shares of New HMI Common
Stock  and   250,000   Class  A  Warrants  in   accordance   with  its  Plan  of
Reorganization,  which became effective December 15, 1999. The distributions are
being completed  today,  and trading in the new stock and warrants will commence
Monday,  January 24, on the  Over-the-Counter  Bulletin  Board under the symbols
HVDM  for the  stock  and  HVDMW  for  the  warrants.  Under  the  terms  of the
distribution, holders of Hvide's former securities are not required to surrender
those  securities.  As previously  announced  under the Plan of  Reorganization,
holders of the  Company's  former 8 3/8% Senior  Notes are  receiving  9,800,000
shares of new common stock, or  approximately  32.67 shares per $1,000 principal
amount;  holders  of the  former  Trust  Convertible  Preferred  Securities  are
receiving  200,000  shares  of  new  common  stock  and  125,000  warrants,   or
approximately one share of the new stock for every 11.5 convertible  shares, and
one warrant  for every 18.4  convertible  shares;  and holders of the old common
stock are  receiving  125,000  warrants,  or one  warrant  for every 124  shares
previously  owned.  The warrants are (more)  exercisable at $38.49 per share and
have a term of four years.  Fractional shares and warrants will be rounded up or
down to the nearest whole number,  with half shares and warrants (or less) being
rounded down and  fractions in excess of half a share or warrant  being  rounded
up. The  transfer  agent for the new  common  stock is  ChaseMellon  Shareholder
Services;  the warrant agent is State Street Bank & Trust Company.  With a fleet
of 274 vessels,  Hvide Marine is one of the world's leading  providers of marine
support  and  transportation  services,  primarily  to the energy  and  chemical
industries. Visit Hvide on the Web at www.hvide.com.

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