Horizon To Build OSV Trio

May 4, 2000

Horizon Shipbuilding and SLOK Nigeria Limited have signed contracts for the construction of three offshore vessels - all of which will operate under a long-term contract with Mobil Producing Nigeria Unlimited. The contract calls for Horizon to build a 200 ft. (61 m) steel Single Point Mooring (SPM) Oil Spill Response Vessel with a total of 4,000-shaft hp. The vessel will be fitted with controllable pitch propellers and a dynamic positioning system, and will be constructed to ABS class requirements for unrestricted service, thus meeting all SOLAS requirements. A second contract calls for Horizon to construct two 155 ft. (47.2 m) aluminum crew boats for SLOK Nigeria. The vessels, which total about 4,000-shaft hp, will be driven with five propulsion shafts. The crew boats will carry 95 passengers, liquid cargo and a deck load of 180 tons. The company is also constructing a 70 ft. (21.3 m) Z-drive tug, a 135 ft. (41.1 m) dinner cruise vessel and a series of 28 ft. (8.5 m) fiberglass tow targets for the U.S. Navy.

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