McDermott acquires Ceona Amazon

McDermott acquires Ceona Amazon

McDermott International has acquired the 2014-built pipelay and construction vessel Ceona Amazon, which has been laid up since Ceona went into administration in September 2015.

McDermott says the acquisition will better position the company for ultradeepwater and SURF projects.

David Dickson, president and CEO of McDermott, commented: “This is a great opportunity for the Company to expand the technical capabilities of our global fleet and grow in the deepwater and SURF markets and greatly increase our ultradeepwater project coverage.

“Due to current market conditions and the opportunistic nature of the transaction, we were able to acquire what is essentially a new, enabling asset at a fraction of the original build cost.”

McDermott plans to upgrade the vessel and fit it with a state-of-the-art J-lay system, however while it finalises the upgrade plans it plans to use the vessel on existing construction and pipelay projects.

The vessel has been funded via a sale and leaseback where McDermott has control of the vessel in exchange for a daily charter-hire rate.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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