McDermott completes sale of Harbor Island fabrication yard

McDermott International Inc. has sold the site of the former Harbor Island fabrication yard near Corpus Christi, Texas, which closed in 2003, for proceeds of $31.7 million.

Apr 5th, 2014

Offshore staff

HOUSTONMcDermott International Inc. (NYSE: MDR) has sold the site of the former Harbor Island fabrication yard near Corpus Christi, Texas, which closed in 2003, for proceeds of $31.7 million.

“The sale represents progress made toward our goal of divesting underutilized non-core assets,” said David Dickson, president and CEO at McDermott. “The concentration of capital on assets that provide McDermott with a competitive advantage is an important part of our plan to deliver sustainable long-term returns.”

04/05/2014

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