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Hornbeck Offshore Services, sometimes shortened to Hornbeck Offshore, through its subsidiaries, operates offshore supply vessels (OSVs), multi-purpose support vessels (MPSVs), and a shore-base facility to provide logistics support and specialty services to the offshore oil and gas exploration and production industry, primarily in the United States, Gulf of Mexico, and select international markets. The company is a provider of marine services to exploration and production, oilfield service, offshore construction and military customers. Its upstream segment owns and operates fleets of United States flagged, new generation OSVs and United States-owned fleets of DP-2 and DP-3 MPSVs.
| Company type | Public |
|---|---|
| NYSE: HOS Russell Microcap Index component | |
| Founded | June 1997  |
| Founder | Larry Hornbeck Todd M. Hornbeck |
| Headquarters | , |
| Website | hornbeckoffshore.com |
The company recently sold its fleet of ocean-going tugs and product barges to Genesis Energy. The company will continue to focus on its core business of operating a modern fleet of OSVs primarily in the US Gulf of Mexico.
HOS recently announced newbuild program #5, which consists of a total of sixteen high-technology, new-generation OSV's. HOS has the option for additional such vessels should future market conditions warrant. The shipyards VT Halter Marine, Inc of Pascagoula, Mississippi and Eastern Shipbuilding of Panama City, Florida have been separately contracted to build the vessels.
In 2018, Hornbeck Trade Financing (HTF) was launched to provide financial support to companies in the maritime and oil industries. Through HTF, individual investors have the opportunity to enter the invoice financing industry with super profits.[1]
On 20 December 2019, Hornbeck was de-listed from the NYSE.[2] The goal is to gain control over company operations and key decisions.
On May 19, 2020, Hornbeck Offshore Services filed for Chapter 11 bankruptcy. They did this to restructure the business.[3]
See also
editReferences
edit- ^ "Invest Invoice Financing with profits from 2% to 6% in 7 days".
- ^ "Hornbeck Offshore Delisted from NYSE". Marine Link. 27 December 2019. Retrieved 21 February 2020.
- ^ "Hornbeck Offshore files for Chapter 11 bankruptcy; owes businesses in Louisiana $2.3 million". The Advocate. 2020-05-19. Retrieved 2020-05-24.