Hornbeck Orders Multipurpose Offshore Construction Vessel

June 20, 2007

IHC Holland Merwede BV said that its subsidiary Merwede Shipyard received the contract for the design and construction of a multi purpose offshore support vessel for Hornbeck Offshore Services LLC from Covington in Louisiana United States. Merwede Shipyard was granted this order because of its ability to design and offer the vessel including the integration of cranes within the required short delivery time and for a fixed price. The vessel will be built under Yard No 717 and delivery will take place 3rd quarter 2009.

Hornbeck Offshore Services plans to deploy the vessel in its primary operating market, the deepwater and ultra-deepwater Gulf of Mexico. While this foreign-built vessel cannot qualify for Jones Act trade, the company intends to U.S.-flag the vessel.

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