The ship, which was ordered seven years ago at Davie Yards in Canada, was supposed to be ready initially in March and then in May.

It will finally be delivered in August and will then depart for the Mediterranean to start a charter with Micoperi in Italy.

Through its subsidiary, Rever Offshore, Cecon has signed an agreement that extends the maturity of the senior tranche A and tranche B bonds funded by York Capital Management Global Advisors up to 31 August.

The