Page 12: of Maritime Reporter Magazine (October 2005)

Hornbeck Offshore Services, Inc. late last month announced a new vessel construction programs for each of its two business seg- ments, making it the company's fourth OSV newbuild program and second tug and tank barge (TTB) newbuild program. Hornbeck is seeking bids from domestic shipyards for the two programs. The company estimates the newbuild program will cost a cumulative $265 million. The exact number of vessels to be built and their technical specs will be finalized at a later date.

Hornbeck plans to build an additional 20,000 dwt of new generation OSV vessel capacity with an estimated cost of approximately $170 million. Earlier this year the company announced plans to convert two coastwise sul- fur tankers into 370 class multi-purpose supply vessels, or MPSVs, at a currently estimated total project cost of $65 million. When com- bined with the company's current MPSV con- version program, the total cost of the two OSV expansion programs is budgeted to be approx- imately $235 million. The company expects to deliver its two new 370 class MPSVs in early 2007. All of the new vessels to be constructed under the latest OSV newbuild program are expected to be delivered by mid-2008, with the first vessel expected in mid-2007.

Hornbeck also plans to build an additional 400,000 barrels of double-hulled tank barge barrel-carrying capacity.

New are plans to construct the related off- shore tugs to be used as power units for the new barges. The estimated cost of the new ocean-going tugs and barges will be approxi- mately $95 million. The company's first TTB newbuild program, which included the acquisi- tion and retrofit of four 6,000 hp ocean-going tugs, is expected to be completed during the fourth quarter of 2005. All of the new vessels to be constructed under the second TTB new- build program are expected to be delivered during 2007. 12 Maritime Reporter & Engineering News

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Circle 275 on Reader Service Card

Hornbeck Unveils Major Fleet Expansion

It’s about time.

Introducing the AFFF Foam

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Class A fires. With a chrome plated brass valve body and stainless steel cylinder and handles, the 250CG o?ers superior corrosion protection in a marine environment. The Schraeder valve on the valve body allows for remote filling.

National distribution through:

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WSF_MarReporter_Ad1.ai 10/3/2005 11:57:25 AM

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