are they going out of the fab business in the GoM?
ROSS, Ohio – A JV of five industrial auction companies announced that it will sell the physical assets of the McDermott fabrication facility in Amelia, La. McDermott, an engineering, procurement, construction and installation specialist firm, continues to operate its fabrication facilities at multiple locations worldwide.
The auction of thousands of assets is scheduled to run September 8–12, at 2317 Highway 662 South, Amelia (Morgan City), La., 70340. The offering will be conducted throughout a 300-acre complex via a multi-day, on-site/online public auction sale.
The auction will feature offshore marine equipment, barges, winches and pumps; a wide assortment of large-capacity fabrication machinery; late-model welding machinery; mobile equipment, including four 300-t capacity crawler cranes; more than 60 overhead bridge cranes with up to 40 t of capacity; and thousands of pieces of plant support equipment. The auction will also include more than 10,000 t of useable and scrap steel.
one really has to wonder if time is growing close to the end of the road for the once mighty J Ray and if the installation business in the GoM will be the next to fall? Is there anyone at all on the planet who who will save their sorry asses?