McDermott (MDR) Unit to Construct S-Lay Vessel w/ 2,000-Ton Crane

December 27, 2012 8:07 AM EST
McDermott International, Inc. (NYSE: MDR) announced that one of its subsidiaries has signed a contract for the design and construction of a new high-spec, highly capable dynamically-positioned combination S-Lay vessel with a 2,000-ton crane.

The vessel, tentatively named Derrick Lay Vessel 2000 (“DLV2000”), will be constructed at Keppel Singmarine in Singapore and is expected to take approx 2.5 years to build.

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