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Todd Hornbeck News

18 Mar 2024

OMSA Announces New Board Members

(File photo: Bordelon Marine)

Industry trade group the Offshore Marine Service Association (OMSA) announced the addition of four CEOs to its board of directors.The new board members include Wes Bordelon, Chief Executive Officer, Bordelon Marine; Stacy Jo Stanley, Chief Executive Officer, Offshore Oil Services, Inc.; David Dantin, Chief Executive Officer, Odyssea Marine; and Lasse Petterson, Chief Executive Officer, Great Lakes Dredge and Dock."With the addition of these four executive leaders, OMSA pays homage to its roots while welcoming expanded opportunities in emerging energy frontiers…

10 Oct 2023

Hornbeck Offshore Services to Complete Ultra-High-Spec MPSVs After Legal Settlement

Credit: Hornbeck Offshore Services

U.S.-based offshore vessel operator Hornbeck Offshore Services confirmed Monday it had reached a final settlement agreement with the surety (the “Surety”) for two Multi-Purpose Support Vessels (MPSVs) that had been under construction at Gulf Island Shipyards.Gulf Island Shipyards (GIS) sued Hornbeck Offshore in 2018 over what it said was the wrongful termination of two shipyard construction contracts for the final two vessels in the company's fifth offshore support vessel (OSV)…

13 Jul 2023

Hornbeck Offshore Eyes U.S. Offshore Wind Work with OSV-to-SOV Conversion Project

Credit: Hornbeck Offshore Services

U.S. offshore vessel owner Hornbeck Offshore Services, best known for its offshore oil and gas support vessel services, is looking at business opportunities in the growing U.S. offshore wind sector as well as in offshore accommodation services in the oil and gas area.For that, Covington, La. based Hornbeck Offshore said Wednesday it had contracted Eastern Shipbuilding Group to convert one of its recently acquired 280-foot offshore supply vessels (OSV) to a service operation vessel (SOV) to meet the growing demand of the U.S.

18 Oct 2023

Powering the North American Maritime Fuel Transition

(Photo: Harvey Gulf)

Offshore service vessels, along with workboats serving harbors and inland rivers, have embarked on an industry-wide voyage toward reduced emissions of greenhouse gasses. Professor Craig Philip, a faculty member with Vanderbilt University’s Center for Transportation and Operational Resilience (VECTOR) and former CEO of Ingram Barge Company, provides this context: “The Maritime Sector has long provided shippers with the most fuel-efficient and sustainable freight transport option…

27 Feb 2023

Hornbeck Buys Six OSVs from Edison Chouest

HOS Maverick is one of the OSVs acquired by Hornbeck Offshore Services in 2022. (Photo: Hornbeck Offshore Services)

Covington, La.-based offshore vessel owner Hornbeck Offshore Services has reached a deal to acquire six offshore supply vessels (OSV) from an affiliate of its peer Edison Chouest Offshore.Hornbeck announced Monday it entered into a definitive vessel purchase agreement with Edison Chouest's Nautical Solutions to buy the "high-spec new generation" OSVs for an undisclosed cash price. Each of the vessels are U.S.-flagged, Jones Act-qualified, 280 class DP-2 OSVs with capacities of circa 4…

07 Feb 2022

Hornbeck Offshore Buys Hi-Spec OSV Trio from MARAD

Illustration only - one of HOS vessels ©Hornbeck Offshore Services

U.S. offshore vessel owner Hornbeck Offshore Services said Monday it had has acquired three high-spec new generation offshore supply vessels ("OSVs") from the U.S. Department of Transportation's Maritime Administration ("MARAD") for an undisclosed amount of cash. All three of the vessels that were acquired at auction are U.S.-flagged, Jones Act-qualified, 280 class DP-2 OSVs with capacities of circa 4,600 DWT. Upon taking physical delivery of the vessels from MARAD, the company expects to conduct reactivation and regulatory drydockings of all three vessels…

12 Jan 2022

Hornbeck Offshore to Acquire 10 Vessels from Edison Chouest

U.S.-based offshore vessel owner Hornbeck Offshore Services has agreed to acquire ten high-spec new generation offshore supply vessels ("OSVs") from Edison Chouest Offshore affiliates.Eight of the vessels are U.S.-flagged, Jones Act-qualified, 280 class DP-2 OSVs with capacities of circa 4,750 DWT. The other two vessels are Mexican-flagged 240 class DP-2 OSVs with capacities of circa 3,200 DWT. Upon completion of regulatory drydockings to be conducted by the Edison Chouest Offshore affiliates…

08 Dec 2019

Offshore: OSV Market Report

Photo courtesy Ulstein Group/Marius Beck Dahle

The environment in oil patches onshore and offshore alike has been challenging throughout 2019; worries about an economic slowdown – whether cyclical or induced by a trade war – have weighed heavily on oil prices, even in the face of reduced production by the big producers. Though storm clouds persist, there appears a clearing on the horizon.The fate of Offshore Service Vessels (OSVs) is, naturally, closely tied to the price of oil. Seacor Marine’s John Gellert, in reviewing its Q2 results, said: “Activity levels in the U.S.

08 Apr 2019

OSV Market: Which Way is Up?

OSV "THUNDER" owned by Jackson Offshore serving floater "DEEPWATER CONQUERER"
Source: Jackson Offshore

Any analysis of markets for offshore service vessels (OSV) usually begins with analogies to rough weather, best of times/worst of times or similar. OSV expert Seabrokers, with a home base in Stavanger, Norway, in the February edition of its Seabreeze market report follows this convention with a description of the “feast or famine” conditions in the North Sea. Recent day rate action highlights the localized nature of markets for anchor handlers (AHT), platform supply vessels (PSVs) and similar equipment…

01 Nov 2018

Cautious Consolidation for OSV Companies Brings Market Change

A Gulfmark offshore support vessel (CREDIT: Gulfmark)

Will a rising tide in the offshore oil markets float all the boats? In the U.S. Gulf of Mexico, that remains to be seen.Offshore services, exploration and production are on a roll. In early October, yet another business combination of big drillers was announced. In a sign of optimism, Ensco announced its plan for an all-stock acquisition of Rowan Offshore, worth around $2.4 billion. The new company will be domiciled in the United Kingdom, but will have a large presence in Houston.

05 Sep 2014

Top Marine Vessel Operators Overcome Challenges

U.S. marine vessel operators have invested in their fleets, adopted new technologies and switched to cleaner burning engines and fuels to stay in business. In this edition, we take a look at how industry leading marine operators have flourished, sometimes in tough circumstances. At family-run McAllister and Chouest, sons and daughters learned operations from the ground up, while CEO Todd Hornbeck revamped the first version of a company started by his dad. All value their employees and say workplace safety is a priority. Each of these companies is quick to meet customer demands.

28 Aug 2014

OSV Power

The Ulstein Verft subsea newbuild Island Performer was built for Island Offshore (Courtesy of Ulstein Group/Marius Beck Dahle)

The continued maturation of Offshore Service Vessel design is embodied in recent contracts and deliveries. Ulstein Verft subsea newbuild Island Performer was built for Island Offshore to be a flexible, RLWI/IMR vessel, destined to serve its first five years for FTO in the Gulf of Mexico. “The vessel is customized to suit the scope of work in the FTO contract, in which RLWI (Riser-less Light Well Intervention) and IMR (Inspection/Maintenance/Repair) are the main tasks. She is able to perform operations at depths down to 3,000m,” said Håvard Ulstein, Managing Director, Island Offshore.

01 Jul 2014

ISOA Award Recognizes SCI’s Offshore Outreach

The International Support Vessel Owners Association (ISOA) has made an award to support maritime industry workers served by the Seamen’s Church Institute. The International Support Vessel Owners Association (ISOA) recognized the Seamen’s Church Institute’s (SCI) service to the industry by conferring an award of £5,000 GBP (approximately US $8,541) to support the work of the Institute serving offshore workers in the Gulf of Mexico. An association representing the interests of shipowners and operators of vessels providing support services to offshore installations, ISOA assembles members each year to discuss common interests in technical matters, safety and universally applied standards in the industry. At each annual meeting, ISOA makes an award to support the welfare needs of seafarers.

30 Sep 2013

Offshore Service Providers Drive Robust GoM Boom

Ongoing infrastructure and newbuild activity not expected to let up. Modern, sophisticated and quality tonnage arrives at just the right time. Vessel builders are ramped up for strong demand from the Gulf of Mexico, where oil drilling is very soon expected to return to pre-Macondo levels. Utilization rates for offshore vessels are rising in the GoM, along with associated dayrates. Three Louisiana leaders--Edison Chouest Offshore in Cut Off, Hornbeck Offshore Services Inc. in Covington and Harvey Gulf International Marine in New Orleans--are engaged in aggressive newbuild programs.

20 Sep 2013

MarineNews Editor's Note

Pop Quiz: Think back to the last time that U.S. Shipyards were operating at the breakneck pace now being seen from coast to coast. Now, think about that in context of slowing global demand brought on by overbuilt bluewater sectors. Next, factor in the breathtaking newbuild programs underway in the offshore support, inland marine and Jones Act sectors. And, don’t forget the increasing demand from foreign operators who, more and more, are beginning to understand that U.S. shipyards can build economically in series, for export and with quality that matches or exceeds global standards. Finally, plug in the shrinking trade deficit represented by energy that could eventually eliminate our dependency on foreign oil forever, powering prosperity that could last for a generation.

20 May 2013

Leevac Wins HOS Shipbuilding Contract

(Photo: HOS // Leevac)

Leevac Shipyards Jennings LLC, of Jennings, LA, a subsidiary of Leevac Shipyards, LLC signed contracts with Hornbeck Offshore Services, LLC, an affiliate of Hornbeck Offshore Services, Inc. (NYSE:HOS) of Covington, La., for the construction of two  STX Marine SV 310 Multi-Purpose Supply Vessels; 302 x 76 x 26-ft,, 12,070 BHP diesel electric powered MPSV’s. “These will be the twenty-third and twenty-fourth vessels to be built by Leevac for Hornbeck” said Christian Vaccari, President and CEO of LEEVAC.

03 Apr 2013

U.S.'s Eastern Shipbuilding Christen, Launch Hornbeck OSV

OSV Launch : Photo courtesy of Eastern Shipbuilding

Offshore Supply Vessel (OSV) 'Red Dawn' has been launched from the Eastern Shipbuilding Group's Allanton facility. Attending from Hornbeck was Todd Hornbeck, President & CEO,  and Carl Annessa, Executive Vice President & COO, along with 12 senior members of the Hornbeck Team witnessing the launch of the first of ten HOSMAX Offshore Supply Vessels under contract with Eastern. Captain Billy Haugh, who will be taking the vessel to sea as Master once it delivers later this year, and his wife Shandale had the honor of christening the vessel.

03 Jan 2013

Insights: Todd M. Hornbeck

Chairman, President and Chief Executive Officer, Hornbeck Offshore Services, Inc. While this month’s selection for our INSIGHTS feature needs no introduction to maritime and energy insiders everywhere, Todd Hornbeck’s professional journey is worth pausing to reflect upon. Hornbeck, Chairman, President and Chief Executive Officer of Hornbeck Offshore Services, Inc. (NYSE:HOS), founded the company in 1997. Until 2002 Mr. Hornbeck served as the President and Secretary of the company, when he was appointed Chief Executive Officer and then, Chairman of the Board in 2005.

29 Jun 2011

Hornbeck Offshore New Directors, Promotion of Exec Officer

Hornbeck Offshore Services, Inc. (NYSE: HOS) announced today that John T. Rynd and Kevin O. Meyers, Ph.D. have been appointed to its Board of Directors (the "Board"), effective June 23, 2011. Mr. Rynd and Dr. Meyers were appointed to fill the vacancies created by a prior resignation and the Board's decision to increase the number of its directors from seven to eight members. In addition, at the Company's Annual Meeting on June 23, 2011, the shareholders reelected Todd M. Hornbeck and Patricia B. Melcher to the Board. John T. Rynd. Since June 2008, Mr. Rynd, 54, has served as the Chief Executive Officer and President, and as a director, of Hercules Offshore, Inc. (NASDAQ: HERO), a publicly traded global provider of offshore contract drilling, liftboat and inland barge services.

03 Feb 2011

OMSA New Leadership: Hornbeck, Adams

Offshore Marine Service Association (OMSA) announced a rotation of the association’s officers

Todd Hornbeck will succeed Otto Candies III as chairman of the Board, Robert Clemons will advance to Vice Chairman and Ben Bordelon will serve as Secretary and Treasurer. Jim Adams, who had been working in his interim position since August, was named as the association’s President and CEO. “I want to thank Otto Candies, III for his remarkable leadership through a very challenging time for OMSA. He served the membership well and we will continue to rely on his counsel as he retains his seat as a member of the board of directors,” said Todd Hornbeck.

28 May 2004

Hornbeck Offshore Announces Purchase of Three Vessels

Hornbeck Offshore Services, Inc. nnounced today that it has exercised its option to purchase the HOS Hotshot, a newly constructed 165 foot fast supply boat that it has been operating under a bareboat charter since it was delivered in April 2003. In addition, the Company announced that it has entered into a definitive agreement to purchase two 6,000 horsepower ocean-going tugs that were built in 1983. Hornbeck expects to close the tug acquisitions by the end of June 2004, at which time the vessels will be converted for service in the Company's U.S. transportation fleet. The aggregate purchase price and conversion cost of the three vessels is expected to be $12.6 million.

19 Feb 2004

HOS Reports 4Q Results

Hornbeck Offshore Services, Inc. said that revenues for the quarter ended December 31, 2003 increased 11.5 percent to $29.2 million compared to $26.2 million for the same quarter in 2002. Operating income was $8.4 million or 28.8 percent of revenues for the fourth quarter of 2003, compared to $9.5 million or 36.3 percent of revenues for the same quarter in 2002. Fourth quarter 2003 net income was $2.1 million compared to $3.3 million for the fourth quarter of 2002. The primary reason for the increase in revenue was the increase in the size of the company’s fleet by an average of 9.2 new generation offshore supply vessels during the fourth quarter of 2003 compared to the fourth quarter of 2002.

20 Nov 2001

Hornbeck-Leevac Delivers BJ Blue Ray, Acquires Tank Barge

Hornbeck-Leevac Marine Services, Inc., announced that it has taken delivery of its first 265-ft. class deepwater offshore supply vessel, the BJ Blue Ray, which immediate commenced service under a 5-year time charter with BJ services to support well stimulation services, primarily in the Gulf of Mexico. Three additional 265-ft. class offshore vessels are under construction for delivery in 2002. Hornbeck-Leevac also announces the purchase of the M/V W.K. McWilliams, Jr. from Freeport-McMoRan Sulphur LLC for an undisclosed amount. The vessel, to be renamed the “Energy Service 9001,” is a 402-ft. self-propelled unit built in 1992 and historically used by Freeport-McMoRan in the transportation of molten sulphur.