Covington, La., headquartered Hornbeck Offshore Services Inc. is to complete the two multi-purpose support vessels (MPSVs) that had been at the center of its recently settled lawsuit with Gulf Island Fabrication Inc. (NASDAQ: GIFI) subsidiary Gulf Island Shipyards LLC (GIS).
Hornbeck Offshore said today that it has now entered 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...