Cecon wind for subsea newbuilds

Under construction: subsea newbuilds for Cecon

CECON

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Steve Marshall

 04 February 2013 15:04 GMT

Norwegian subsea contractor Cecon has finally signed contracts for completion of a trio of stalled newbuilds at a Canadian yard that will cost a total of C$244.5 million ($245 million).

The first of the three subsea construction vessels, dubbed Hull 717, is being completed at a cost of C$69.5 million with delivery from the Chantier Davie Canada yard scheduled for this autumn.

Completion of the other two hulls, 718 and 719, at the yard will cost C$75 million and C$100 million, respectively.

Construction of the three units – to be named Cecon Pride, Cecon Excellence and Cecon Sovereign – has been on hold after the Quebec fabrication yard was forced to file for bankruptcy protection in 2010.

The first vessel, Cecon Pride, was originally scheduled for delivery in 2012 while the other two units…

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