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newbuild program,? Hornbeck said. In May, Hornbeck contracted for the construction of two additional HOSMAX 310 class MPSVs, bringing its total Jones Act MPSVs vessels under construction now to four. These U.S.-? agged MPSVs are diversi? ed marine platforms that will enable our customers to obtain Jones Act-compliant services to support their subsea operations,? Hornbeck said on Aug. 1. HOSMAX class DP-2 vessels are being built 300, 310 or 320 feet long. They have a cargo- carrying capacity of between 5,650 to 6,200 deadweight tons and can hold more than 20,000 barrels of liquid mud. Hornbeck in June agreed to sell most of its downstream segment vessels--the companys active ? eet of nine ocean- going tugs and nine double-hulled tank barges. These boats are to be sold to Genesis Marine LLC, an af? liate of Genesis Energy LP, for $230 million. We plan to re- deploy the cash proceeds from the sale into our core up- stream segment,? CFO Jim Harp said in the companys August report on its earnings. Upstream revenue in sec- ond-quarter 2013 was more than $5 million higher than in the previous quarter because of greater utilization of and dayrates for the companys high-spec OSVs and MPSVs in the GOM, Harp said. Average new-generation OSV day- rates, primarily in the GOM, in second-quarter 2013 were about $26,000, or $1,000 more than in the ? rst quarter. Utilization of Hornbecks ? eet of 50 new-generation OSVs in second-quarter 2013 was 88% versus 87% in the ? rst quarter. MPSV utilization was 99% in the second quarter, exceeding 95% in the prior quarter and 91% in the year-earlier quarter. MPSV effective dayrates of about $89,000 in second-quarter 2013 were $1,600 higher than in the previous quarter. Re? ecting those encouraging metrics, Hornbeck shares traded on the New York Stock Exchange last month approached their all-time high, set in 2007. HARVEY GULF ORDERS LNG-FUELED OSVSHarvey Gulf has committed $400 million to build, own and operate lique? ed natural-gas-powered offshore sup- port vessels, as well as two LNG-fueling docks, CEO Shane Guidry said in June. The entire Harvey staff is committed www.marinelink.com MN Sept2013 Layout 50-65.indd 558/29/2013 4:51:23 PM
