Hornbeck Offshore Services' (HOS) second quarter loss bears witness to the challenging market for vessels in the Gulf of Mexico, Clarksons Platou Securities said.
The analyst added it expects losses to continue without a considerable increase in deepwater rig activity.
HOS' net loss to 30 June was $19.48m, down from $20.58m a year ago.
This included a $15.5m gain on the early extinguishing of debt resulting from the repurchase of a portion of the company's 1.5%
