McDermott International says it has expanded its construction fleet at a fire-sale price by snapping up a large $350m newbuilding at just “15 cents on the dollar”.
After a month of speculation in the market, McDermott president and chief executive David Dickson confirmed this week that the US-listed contractor’s $52m to acquire the 199-metre pipe-layer Amazon (ex-Ceona Amazon, built 2014) amounts to an 85% discount on the yard price.
“With
