The Global Naval Vessels and Surface Combatants Market 2011-2021 - Main Naval Vessel Programs: Market Profile
- Published: June 2012
- Region: Global
Fundamentals for the tank barge and offshore supply vessel (OSV) markets remain healthy over the near to medium term; Young, technologically advanced OSV fleet; and Recent debt and equity issuances provide liquidity for new vessel construction. The company will continue to aggressively expand its barge and OSV fleets, which could lead to higher debt levels if cash flow weakens; The OSV and tank barge businesses are subject to very cyclical pricing; Better-capitalized competitors may enter the deepwater market through new-vessel construction and create an oversupply of vessels, sinking day rates, and utilization; and A lack of longer-term contracts for the OSV and barge fleets could raise the volatility of earnings and cash flows. The ratings on Hornbeck Offshore Services Inc....
Companies mentioned in this report are: Hornbeck Offshore Services Inc.
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
SHOW LESS READ MORE >
Hornbeck Offshore Services Inc.