Hornbeck completes sale of tugs and barges


August 29, 2013—Hornbeck Offshore Services, Inc. reports that it has closed the previously announced sale of substantially all of the assets and business of its Downstream segment’s tug and tank barge fleet to Genesis Marine, LLC, an affiliate of Genesis Energy L.P., for cash consideration of $230 million. The Downstream vessels sold to Genesis comprised Hornbeck’s active fleet of nine ocean-going tugs and nine double-hulled tank barges.

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