McDermott International says its bargain-basement purchase is expected to start generating revenue by the second or third quarter of this year.
This is rare in today’s offshore crisis; it is often assumed that immediate vessel layups would be included as contingencies in the business plans for many asset purchases.
McDermott acquired the 199-metre pipe-layer Amazon (ex-Ceona Amazon, built 2014) this week at an 85% discount on its yard price.
After
