Hornbeck Offshore Reports No Vessel Damage
Hornbeck Offshore Services, Inc. (NYSE: HOS) announced that it has experienced no damage to any of its vessels as a result of Hurricane Katrina, including those currently under construction or conversion in various Gulf of Mexico shipyards. In addition, the storm had no impact on the Company’s vessel charters. The Company’s new generation offshore supply vessel fleet continues to operate at pre-storm levels of 100% utilization.Preliminary assessments indicate that no physical damage has occurred to the Company’s corporate headquarters in Covington, LA; however, the surrounding area is currently without electrical power, Internet connectivity and telecommunications service. Pending reinstatement of operational utilities,