Photo: Hornbeck Offshore Services Hornbeck Offshore Services has announced it has entered into a pre-packaged restructuring agreement that involves it filing for voluntary Chapter 11 bankruptcy. The announcement comes as the COVID-19 pandemic has taken its toll on global oil demand, combined with the Saudi-Russia oil price war which have sent oil prices plummeting since … [Read more...]
Hornbeck Offshore Services Suspended from Trading on NYSE
Hornbeck Offshore Services has been suspended from trading on the New York Stock Exchange for failing to meet minimum listing requirements related to its market capitalization. The NYSE announced that trading of the company’s common stock (NYSE:HOS) was suspended after market close on Friday, December 20, for its failure to maintain an average global market capitalization of … [Read more...]
Hornbeck Offshore Now Has 18 New Generation OSVs Stacked
Hornbeck Offshore, one of the largest operators of offshore supply vessels in the U.S. Gulf of Mexico, revealed Thursday that the company has now stacked a total of 18 new generation OSVs, part of aggressive cost cutting measures undertaken by the company in response to tough market conditions. The number of stacked vessels is up 12 OSVs since last reported, the company … [Read more...]
Watch: HOS Warland Launched at Eastern Shipbuilding
Last month, Hornbeck Offshore's multi-purpose supply vessel HOS Warland was launched from Eastern Shipbuilding's Allanton shipyard near Panama City, Florida. The shipbuilder released the following video this weekend of the launch: The VARD-designed, ABS-classed vessel measures 302 feet in length by 76 feet at the beam. She is 12 feet wider than other platform supply vessels … [Read more...]
Hornbeck Completes Sale of OSVs to U.S. Navy
Hornbeck Offshore Services, Inc. (NYSE: HOS) announced Monday that it has closed the sale of three offshore supply vessels to the U.S. Navy. The type 250EDF OSVs - the HOS Arrowhead, the HOS Eagleview and the HOS Westwind - have been chartered to the U.S. Navy since their construction in 2008 and 2009, supporting the U.S. Navy's submarine fleet on the east and west coast of … [Read more...]