Hornbeck-Leevac Announces Expansion Of OSV Fleet

Monday, June 05, 2000
Hornbeck-Leevac Marine Services, Inc. has announced that its wholly owned subsidiary, Hornbeck Offshore Services, Inc., has begun a new vessel construction program to significantly increase the size of its seven-vessel, state-of-the-art offshore supply vessel (OSV) fleet.

A contract has been signed with Leevac Shipyards to immediately begin construction of two ultra deepwater vessels with four to follow. The first vessel is expected to be delivered in February 2001. All vessels are expected to be completed within the next 20 months.

During a presentation to shareholders, Christian Vaccari, Hornbeck-Leevac's Chief Executive Officer commented, "When we first began construction of our fleet of OSVs in late 1997, we were committed to building a "new breed" of OSVs that would exceed the requirements of our offshore customers." Hornbeck Offshore Services currently operates a fleet of seven recently constructed, high capacity OSVs. The new ultra deepwater vessels announced today will incorporate the highly successful design features and specifications of the current deepwater fleet.

These state-of-the-art vessels were specially designed to maximize available deck space and supply capacities while minimizing operating costs through increased operating efficiencies.

Todd Hornbeck, President of Hornbeck-Leevac commented, "We are very pleased with the continuing positive response we have received from our customers on our fleet. In anticipation of the growing needs of the ultra deepwater offshore industry over the next several years and the strong demand from our clients to increase the number of Hornbeck-designed vessels that can be made available for long-term contracts, we are very proud to embark on this exciting expansion program."

Hornbeck has employed the latest available reliable technology throughout its deepwater fleet. Their OSVs are capable of transporting 3 to 6 times the amount of product and materials offshore as conventional OSVs. Service markets include oilfield production and exploration support, geophysical surveying, well stimulation and heavy equipment and container transportation. Their diversified new generation fleet will provide maximum customer support from the continental shelf to the ultra deepwater.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Technip Bags Woodside's Subsea Contract

Technip has been awarded a large(1) subsea contract by Woodside to support the development of the Greater Enfield Project offshore Western Australia, at a water

LNG-fueled Bulker Ordered from Korea

Hyundai Mipo Dockyard (HMD) has signed a contract to build a 50,000 dwt bulk carrier with ILSHIN LOGISTICS. The project is a collaboration between POSCO and ILSHIN

Broad Declines drag Baltic Index down

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Tuesday on lower rates for capesize, panamax and supramax vessels.

Tanker Trends

NASSCO Delivers Garden State to APT

Marking its seventh ship delivery in the span of just over a year, General Dynamics NASSCO has delivered the newly built ECO Class tanker Garden State for American Petroleum Tankers.

Bahri Q2 Net Profit Soars

National Shipping Company of Saudi Arabia (Bahri), the exclusive oil-shipper for Saudi Aramco, reported a 47.2 percent increase in second-quarter net profit on Tuesday.

First LNG Vessel Transits Expanded Panama Canal

Today, the Panama Canal marked another milestone with the transit of the first-ever liquefied natural gas (LNG) carrier through its expanded locks.   Shell-chartered

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Navigation Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0783 sec (13 req/sec)