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Hornbeck Offshore Acquires Three OSVs Auctioned By MARAD

Mike Schuler
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February 7, 2022

Louisiana-based Hornbeck Offshore Services, Inc. has purchased of three high-spec new generation offshore supply vessels at auction from the U.S. Department of Transportation’s Maritime Administration, the company said in a press release Monday.

HOS paid an undisclosed amount of cash to acquire the U.S.-flagged, Jones Act-qualified, 280 class DP-2 OSVs with capacities of circa 4,600 DWT. Upon delivery of the vessels from MARAD, HOS expects to conduct reactivation and regulatory dry docking before entering commercial service potentially in the U.S. wind market.

“We believe these modern, state-of-the-art, high-spec, diesel-electric OSVs are great additions to our growing fleet. Built by Eastern Shipbuilding in 2013 and 2014 to a design specification and with components that are very compatible with our other ‘Tiger Shark Class’ vessels, these particular ships are excellent candidates for deployment in the growing U.S. domestic offshore wind industry, as well as for potential conversion to military or other non-oilfield, non-wind specialty applications,” said Todd Hornbeck, the company’s President and Chief Executive Officer.

The acquisition comes after HOS last month announced purchase agreements for ten high-specification OSVs from Edison Chouest Offshore, eight of which are Jones Act qualified.

Hornbeck Offshore Services is a leading provider of new OSVs to the offshore energy industry in the Gulf of Mexico and Latin America, as well as the U.S. military and non-oilfield customers. The company filed for Chapter 11 bankruptcy in April 2020 as part of a pre-packaged plan of reorganization which included a $100 million cash infusion of new equity capital.

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