SURF contractor Ceona has secured a US $290 million debt facility, which will be used to complete construction of two of its newbuild vessels.

Ceona has completed arrangements for the secured debt facility, which will go towards financing the construction of the Ceona Amazon, the company’s new pipelay and subsea construction vessel, and a vertical pipelay system for the Polar Onyx vessel.

Ceona Amazon is due to enter service equipped with two 400t cranes and a carrying capacity for 8,500t of rigid pipe in January next year. The Polar Onyx will have a 275 tonne vertical lay system, a DP3 positioning system and a 250 offshore crane.

Next month Ceona is also due to take delivery of the Normand Pacific, which is on contract with Ceona for a year, fitted with a 200 knuckle boom crane, a 75t vertical lay tower, and two work-class ROVs.