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 August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

MNZ & AMSA Award McMurdo COSPAS-SARSAT Contract

McMurdo Group’s Techno-Sciences Inc. says it has been chosen by the Australia Maritime Safety Authority (AMSA) and Maritime New Zealand (MNZ) to deploy their next-generation

Panama Canal Infrastructure to be Valued by VRC

Leading provider of independent valuations, Valuation Research Corporation (VRC) says it has been engaged by the Panama Canal Authority to value the locks, dams,

Box Ships on Slippery Containership Slope in Q2

"The reduced charters on the 'Box Queen', 'CMA CGM Marlin' and 'CMA CGM Kingfish' were the contributing factors to the 24% decline in our adjusted time charter revenues year over year,

Tanker Trends

Newbuilding Orders: Summer Lethargy Lingers

Despite some anticipation in increased activity as the summer holidays come to an end, there are just two orders to report this week both focused on the more specialised markets,

Algeria in Talks to Export Crude to Venezuela

Algeria is in talks to export crude oil to fellow OPEC member Venezuela, Algerian Energy Minister Youcef Yousfi said on Tuesday, confirming a Reuters report. Last week,

Joe Barton: Lift Oil Export Ban

A senior U.S. Congressman from Texas has come out in full support of the United States lifting the 40-year old ban on crude oil exports, putting him at odds with

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Offshore Oil Port Authority Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Winch
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: 0.1172 sec (9 req/sec)