J. Ray McDermott Completes Secunda Asset Acquisition

Friday, August 24, 2007
J. Ray McDermott, S.A., a subsidiary of Houston-based McDermott International Inc., has completed its acquisition of substantially all of the assets of Secunda International Ltd. Those assets include 14 harsh-weather, multi-functional vessels for sub-sea construction, pipe and cable laying and dive support. The $260 million acquisition also includes Secunda’s shore-based operations.

“We are pleased to complete this purchase and to begin integrating certain assets into J. Ray’s strong backlog of offshore oil and gas construction projects,” said Bob Deason, J. Ray’s chief executive officer. “With Secunda, J. Ray enhances the ability to utilize its larger marine assets for higher value activities, increases the number of activities which can be self performed, and additionally, supports its growing sub-sea development activities.”

Maritime Reporter August 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Del Mar Signs Agency Agreement with Ciramar

Del Mar Marine Corp. announced it has signed an agency agreement with Ciramar Shipyards allowing the company to promote Ciramar Shipyard´s docking and facilities

Bouchard Orders Two Newbuild ATB Tugs

Morton S. Bouchard III, President and CEO of Bouchard Transportation Co., Inc., today announced the next step in Bouchard Transportation Co., Inc.’s ongoing fleet

Great Lakes Shipyard Wins EPA Drydock Contract

Great Lakes Shipyard has been awarded a contract for the United States Environmental Protection Agency (EPA) vessel R/V Lake Explorer II. The scope of work will include drydocking,

Environmental

Coast Guard Preps for Arctic Research

A team of scientists from the U.S. Coast Guard (USCG) Research and Development Center (RDC) will depart from Seward, Alaska, for a technology evaluation in the

Great Lakes Shipyard Wins EPA Drydock Contract

Great Lakes Shipyard has been awarded a contract for the United States Environmental Protection Agency (EPA) vessel R/V Lake Explorer II. The scope of work will include drydocking,

Salvage Crews Avert Disaster in the Galápagos

Mammoet Salvage helps avert environmental disaster in the Galápagos Islands Mammoet Salvage and its partner, CPT Remolcadores SA of Chile, recently responded

 
 
Maritime Contracts Maritime Security Maritime Standards Pipelines Port Authority Salvage Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1197 sec (8 req/sec)