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Tuesday, January 23, 2018

Leevac News

Leevac Acquires Quality Shipyards from Tidewater

(Photo: Greg Trauthwein)

LEEVAC Shipyards, LLC through its newly created subsidiary LEEVAC Shipyards Houma, LLC (LEEVAC) has completed the acquisition of substantially all assets of Quality Shipyards, Inc. (Quality) located at 3201 Earhart Street in Houma Louisiana from Tidewater Marine, LLC (NYSE: TDW). The acquisition of assets includes 35 acres of industrial property located on 2,500 feet of waterfront along the intracoastal waterway, 4 drydocks (the largest measuring 4,200 tons of capacity), 100,000 square feet of covered production facilities and several large track cranes.

LEEVAC Launches PSV for Aries Marine

Photo courtesy LEEVAC

LEEVAC Shipyards Jennings, LLC launched the M/V Ram Nation, the first vessel of a new series of 4,000 DWT PSVs for Aries Marine Corporation, on Tuesday, March 18. The Ram Nation is scheduled to be delivered during the third quarter of this year. The Ram Nation is an LEEVAC-designed 270 ft., diesel-electric, DPS-2, FI FI 1 Platform Supply Vessel that will be certified for worldwide operations. Chris Vaccari, owner and CEO of Leevac, said the Ram Nation is the first of four LDS-designed vessels currently under construction.

LEEVAC Builds Two Harbor Tugs for Bay-Houston

Chloe K (Photo: LEEVAC)

LEEVAC Shipyards, LLC recently delivered the first of two Z-Tech 2400 harbor tug boats, the Chloe K to Bay-Houston Towing Co. TheChloe K was constructed at LEEVAC Shipyard Jennings, LLC and was later transported, via one of LEEVAC’s own dry-docks, to LEEVAC Shipyard Lake Charles, LLC facility where the Chloe Kreceived her final outfitting, commissioning, and testing. “This is the first tug that LEEVAC Shipyards, LLC has built in many years. This was namely due to the draft restrictions at our Jennings facility.

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.

Leevac Wins Deal to Build PSV Pair for Aries Marine

Leevac Shipyards Jennings LLC,  Jennings, La., signed contracts with Aries Marine, Inc of Lafayette, La., to build two LEEVAC Design Services “LDS” 270 DE PSV, a 270 x 56 x 21.5 ft. diesel electric Platform Supply Vessels (PSV). “We are very excited to have this opportunity to begin this partnership with a company like Aries Marine” said Christian Vaccari, President of LEEVAC. The LDS 270 DE PSV will have a deadweight capacity of 4000 LTsw and will carry more than 13,000 barrels of liquid mud. Each will be powered by four 3516C Caterpillar generators rated at 1825 kw each.

LEEVAC Wins $40M Casino Boat Contract

Leevac Industries, LLC of Jennings, La., won a $40 million contract from PNK (Lake Charles), LLC for the construction of a 330 x 225 x 13-ft. (100.5 x 68.5 x 3.9 m) Paddlewheel Casino Vessel. Lay, Pittman and Associates, Inc. of Jacksonville, Fla., are the naval architects. The casino vessel will hold more than 1,500 slot machines and 60 table games and will be moored in Lake Charles, La. This vessel will be the largest riverboat casino built in the State of Louisiana. Leevac’s President, William F. Stokes said, “We are pleased that Pinnacle Entertainment has placed the confidence in our ability to construct this project and the award…

LEEVAC Shipyard Launches PSV for Aries Marine Corp.

Launching: Photo credit LEEVAC

LEEVAC Shipyards Jennings, Louisiana, inform of the successful 'splash' launch of the Platform Support Vessel (PSV) 'M/V Ram Nation', pictured here. The Ram Nation is a LEEVAC-designed 270 ft., diesel-electric, DPS-2, FI FI 1 Platform Supply Vessel that will be certified for worldwide operations. Chris Vaccari, owner and CEO of Leevac, explained that the Ram Nation is the first of four LDS-designed vessels currently under construction. The design was a joint effort between LEEVAC’s engineering and Aries’ operational teams.

LEEVAC Delivers 2nd PSV to Aries Marine

Photo: LEEVAC

On April 8, 2015, LEEVAC Shipyards, LLC delivered the second of two LEEVAC-designed 270 ft., diesel-electric, DPS-2 FIFI I Offshore Support, ACC Platform Supply Vessels, the Ram Country to Aries Marine Corporation. The Ram Country, likes its sister ship, Ram Nation, was constructed at LEEVAC Shipyard Jennings, LLC and later transported to LEEVAC Shipyard Lake Charles, LLC facility for the vessel’s outfitting, commissioning, and testing. Construction of the Ram Country spanned approximately 21 months from the cutting of steel to delivery.

Hornbeck-Leevac Expands Tug and Barge Fleet in Northeast U.S.

Hornbeck-Leevac Marine Services has acquired the Spentonbush/Red Star Group marine transportation fleet for $28 million, and has entered into a strategic alliance with Amerada Hess Corp. in the Northeast U.S. market. The vessels acquired include nine ocean-going tugs and ocean-going tank barges. In addition to the acquisition of the Hess fleet, Hornbeck-Leevac has signed a long-term contract with Amerada Hess with the understanding that it will be excluseive marine logistics provider and transporter of petroleum products in the Northeast U.S. These vessels will be utilized primarily in the transportation of gasoline, and residual fuel oil between refineries, distribution terminals and ships lightering across the Eastern Seaboard.

HORNBECK-LEEVAC Changes Name

HORNBECK-LEEVAC Marine Services, Inc. announced that it has changed its name to Hornbeck Offshore Services, Inc. The new corporate name was approved at the company's recent annual meeting of stockholders. The name of the tug and tank barge owning subsidiary, LEEVAC Marine, LLC, has also been changed to Hornbeck Offshore Transportation, LLC. The name changes are effective immediately. Todd M. Hornbeck, President and CEO remarked, "These name changes will allow us to operate under a common identity across each of our operating divisions and facilitate the markets' identification with each of our services under one name and one logo.

LEEVAC Shipyards Contracted to Build TwoTugboats

LEEVAC Shipyards Jennings, LLC, Jennings, LA, has signed contracts with Bay Houston Towing Co. and Suderman & Young Towing Company, both of Houston, TX, to build two (2) 80' x 38' x 16' Z-Tech 2400 Class Terminal / Escort Tugs. "We are very excited to have this opportunity to begin this partnership with companies like Bay Houston and Suderman & Young" said Christian Vaccari, President of LEEVAC. "These vessels wil primarily service the escort and towing activity in our operations in the Ports of Houston and Galveston," said Mark Kuebler of Bay Houston Towing, Co. Construction for this Robert Allan design will begin immediately with delivery for the first and second vessels slated in June 2013 and September 2013, respectively.

LEEVAC Shipyards Launch MMC-designed PSV

MV Torrens Tide launch: Photo courtesy of Leevac Shipyards

The launch of the new Platform Supply Vessel (PSV) 'MV Torrens Tide' at the company's Houma shipyard was safely accomplished in just 9 seconds, but ship's namesake Mary Torrens said she would have driven twice as far to witness her vessel take the plunge. "I am humbled and honored to be included in Tidewater's long standing tradition of naming vessels after its employees and I thank the nominating committee at Tidewater Inc. for this privilege. I am especially proud that the M/V Torrens Tide is being built in Louisiana…

LEEVAC Launches First PSV for Tidewater

LEEVAC Shipyards launched hull 367 for Tidewater Marine on Tuesday, January 27 (Photo courtesy of LEEVAC Shipyards)

On Tuesday, January 27, LEEVAC Shipyards Jennings, LLC launched hull 367, a platform supply vessel (PSV) designed by LEEVAC Design Services, LLC (300 DE-52 HAB PSV). Hull 367, the first of a two-vessel newbuild program for Tidewater Marine, is LEEVAC’s first launch in 2015, a year that marks the company’s 50th anniversary. The vessel is 300 ft. x 62 ft. x 24 ft. deep, has a diesel-electric plant, accommodations for 52 persons, and is ABS Classed A1 AMS, ACCU, OFFSHORE SUPPORT, DP-2, FiFi-1, HAB (WB), UWILD ENVIRO and GP will be certified for worldwide operations.

Hornbeck-Leevac Announces Completion of Equity Offering

Hornbeck-Leevac Marine Services, Inc. announced that it has completed the purchase of all of its outstanding warrants for an aggregate purchase price of $14.5 million. The repurchase of the warrants was financed through the successful offering of $14.6 million of the Company's common stock. In addition, the Company announced that Jesse E. "Jempy" Neyman, Vice-President of Enron Principal Investments and board designee of the warrantholders, resigned from the Company's board of directors effective with the repurchase of the warrants.

Hornbeck-Leevac Announces Expansion Of OSV Fleet

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…

Mariner Energy Discusses Hornbeck-LEEVAC Announcement

Mariner Energy, Inc. announced that consistent with the scheduled completion of its 2001 drilling program, it released the Noble Homer Ferrington semi-submersible rig and two offshore supply vessels owned by Hornbeck-LEEVAC Marine Services. Mariner has been pleased with the performance of Noble's semi-submersible to date and expects to continue utilization of the rig in its 2002 drilling program. Under the terms of Mariner's drilling contract with Noble, the term of Mariner's commitment to use the Homer Ferrington is not a single continuous period but, rather, occurs intermittently and is subject to the usage rights retained by Noble and those owned by others during their applicable "drilling slots".

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.

Tidewater Orders Two LEEVAC Platform Supply Vessels

Photo: LEEVAC

LEEVAC Shipyards Jennings LLC, Jennings, LA, announced it has signed contracts with Tidewater Marine, LLC of New Orleans, LA to build two LEEVAC Design Services “LDS ” Platform Supply Vessel (PSV), a 300’ x 62’ x 24’ diesel electric PSV with options for two additional vessels. The LDS 300 DE PSV will have a deadweight capacity of 5400 LTs and will carry more than 17,600 barrels of liquid mud. It will be powered by four Caterpillar Model 3516C Tier 3 IMO II Marine variable speed diesel propulsion generator sets rated at 2100kw each.

Stewart Joins Board at Hornbeck-Leevac

Hornbeck-Leevac Marine Services, Inc., announced that the board of directors has unanimously appointed Bernie W. Stewart to fill the recently created board vacancy. Stewart served in a variety of senior management positions with R&B Falcon until its merger in January 2001 with Transocean Sedco Forex, Inc., most recently as Senior Vice President, Operations of R&B Falcon Corporation and President of R&B Falcon Drilling US, its operating subsidiary. Previously, he served as senior vice president and chief operating officer of the original Hornbeck Offshore Services, Inc., and prior to that as President of Western Oceanics, Inc. Christian Vaccari…

Siemens Wins Order for Two Marine PSVs

Siemens Industr awarded a multimillion dollar contract by LEEVAC Shipyards, LLC to equip two newly constructed Aries Marine Corporation marine platform supply vessels (PSV) with its unique diesel electric propulsion solution at Leevac’s facilities in Jennings, La. “The demands placed on the onboard systems and technologies of today’s PSVs are high as these vessels are specialized and tailored based upon particular machine layouts, power requirements, automation processes, climatic conditions and more,” says David Grucza, marine business manager, Siemens Industry, Inc. The two 270 ft PSVs will be outfitted with Siemens Blue multi-drive, low-voltage system.

Leevac Stays Ahead of the Game

While it would be foolhardy to classify Leevac as a cutting-edge ship and boatbuilder, the Jennings, La.-based company quietly goes about its business of building high quality vessels in an efficient manner. Unassuming president Fred Stokes sits at the helm of the company that has weathered markets good and bad, and watched as competitors and colleagues have been oftentimes swept overboard by financial maelstroms. The secret to Leevac's success lies not in its physical facilities, though the company is not hesitant to invest should a proven technology help to make its operations more efficient. Its success lies in, trite as it sounds, relationships with its customers, offering a known quantity with little or no surprises.

Contracts

Hornbeck Offshore Services, Inc., a wholly owned subsidiary Hornbeck-Leevac Marine 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. Hornbeck Offshore Services currently operates a fleet of seven recently constructed, high capacity OSVs. The new ultra deepwater vessels will incorporate the highly successful design features and specifications of the current deepwater fleet.

Leevac Shipyard's River Explorer

R/B River Explorer, which carries 198 passengers on two interlinked 295-ft. long barges, traverses the Mississippi River and Intracoastal Waterway on fout-to-ten day excursions. With interiors designed by Bauer Interiors, convertability was the prime directive throughout much of the vessel to allow a multitude of uses within a single space. In the lobby area, each etched glass partition between the two-man booths is an engraving of a major bridge spanning the Mississippi River from Ohio to New Orleans. The interior of the Sprague Theater is outfitted to resemble the interior of the vessel by the same name, the largest cargo-carrying towboat on the Mississippi River in the 19th Century.

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