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 Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Maritech Delivers $14.5M Canadian Subsea Cable Installation

Maritech International  has completed a USD $14.5 million a subsea power cable installation in for New Foundland Power Inc., Maritech announced.   Maritech,

Former BP Boss Browne is DEA Chairman

Lord John Browne heads DEA's supervisory board * LetterOne co-owners Fridman, Khan also join * Unit changes name to DEA Deutsche Erdoel AG FRANKFURT, March 3 (Reuters) - DEA,

Holland America Line Appoints Geivett as Director, Social Media

Holland America Line has hired Kathryn Geivett as director, social media. In this capacity Geivett’s primary responsibility will be to drive, plan and oversee

Tanker Trends

Shipping Industry Faces Shake Up

As global shipping grapples with its worst downturn in 30 years, private equity firms are unwinding massive bets made on the sector in a move set to accelerate

Vessel Sales: February 2015

Vessel sales for February 2015  - (as of March 1) as prepared by Shipping Intelligence, Inc., New York.   Date Reported - Vessel Name - DWT - Built -  - (Age)

Oil Storage at Sea Stalls as Profit Play Fades

Traders are cutting plans to use tankers to store oil at sea as the price incentive recedes, the global head of oil at mining and commodities group Glencore's said on Tuesday.

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Navigation Pipelines Pod Propulsion Salvage Ship Electronics Ship Repair Sonar
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1489 sec (7 req/sec)