VT Halter Marine To Build Two Additional OSVs

VT Halter Marine To Build Two Additional Offshore Support Vessels

VT Halter Marine, Inc. (VT Halter Marine), a subsidiary of VT Systems, Inc. (VT Systems), today announced that Hornbeck Offshore Services, Inc. (NYSE: HOS) has exercised the options for two additional Offshore Supply Vessels (OSV), valued at a total of US$89m with deliveries expected in the fourth quarter of 2014 and first quarter of 2015.

VT Halter Marine announced on 18 November last year that it had secured the contract to construct eight 319ft long Offshore Supply Vessels (OSV) for about US$353m with options for up to 24 additional identical vessels. These vessels are constructed in its yards at Moss Point Marine and Halter Moss Point with deliveries of the first and eighth vessels planned for in October 2013 and September 2014 respectively.

Based on VT Halter Marine’s Super 320 design developed for HOS, these DP2 OSVs are designed to have approximately 20,900 bbls of liquid mud carrying capability, 11,863 sq. ft. of deck area, and a fire-fighting class notation. The design has been developed with particular attention to the most stringent regulations for environmental stewardship, including a double-hull that eliminates any fuel storage adjacent to the sideshell, and propulsion machinery that meets the requirements of EPA Tier 3 for stack emissions.

“VT Halter Marine looks forward to continuing our strong relationship with Hornbeck. We truly value the trust that Hornbeck has in our shipbuilding capabilities.” Bill Skinner, Chief Executive Officer, VT Halter Marine