Horizon Offshore Reports Barge Blaze

Wednesday, May 19, 2004
Horizon Offshore, Inc. reported that a fire broke out on one of its barges, the LB Gulf Horizon, while being towed approximately 400 miles off the coast of Georgia. The Horizon spokesman said, "All of the personnel on board have been evacuated to the supporting tow tug and are accounted for. We have no reports of injury to personnel during either the initial fire-fighting effort or the evacuation. The tow tug, unaffected by the fire, will offload personnel onto another vessel or bring them into port at the earliest opportunity." The cause of the fire and the extent of the damage are not yet known. The fire continues to burn, so we cannot yet make a damage assessment. The barge was en route to Israel to perform a job for the Israel Electric Corporation Ltd. Anticipating that the Gulf Horizon will not be able to perform this job, Horizon is considering moving the work to other assets within its fleet and is working with Israel Electric Company regarding the substitution.

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