Offshore staff
COVINGTON, Louisiana – Hornbeck Offshore Services Inc. reports that it is ready to complete the two multi-purpose support vessels (MPSVs) that had been at the center of its recently settled lawsuit with a subsidiary of Gulf Island Fabrication Inc.
Hornbeck Offshore says that it has entered into a final agreement that will see the surety provider under that contract take possession of the two MPSVs and complete their construction at a shipyard to be mutually agreed with Hornbeck.
Hornbeck says that its remaining contractual commitments under the construction agreements that have been taken over by the surety are approximately $53 million in the aggregate for the two vessels. The surety will be responsible for all cost of construction in excess of that amount. It is expected that the vessels will be completed in 2025.
10.10.2023
