8-K

                UNITED STATES SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT


                        Pursuant to Section 13 or 15 (d)
                     of the Securities Exchange Act of 1934

                          Date of Report: June 19, 2003





                          McDERMOTT INTERNATIONAL, INC.
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             (Exact name of registrant as specified in its charter)




  REPUBLIC OF PANAMA                      1-8430                   72-0593134
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 (State or other jurisdiction           (Commission)           (IRS Employer
     of incorporation)                  File No.)            Identification No.)





  1450 Poydras Street, New Orleans, Louisiana                  70112-6050
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 (Address of principal executive offices)                       (Zip Code)





Registrant's Telephone Number, including Area Code:  (504) 587-5400
                                                     --------------














Item 5.              Other Events

           On June 19, 2003, McDermott International, Inc. issued a press
           release announcing that J. Ray McDermott recently encountered
           weather-related problems on a project off the coast of Argentina. A
           copy of the press release is attached as Exhibit 99.1, and the
           information contained in Exhibit 99.1 is incorporated by reference.







                                   SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.






                               McDERMOTT INTERNATIONAL INC.






                            By:    /s/Thomas A. Henzler
                               ---------------------------------------
                               Thomas A. Henzler
                               Vice President and Corporate Controller





June 20, 2003


                                       2

EX-99

                                                                 Exhibit 99.1

         J. Ray McDermott Encounters Weather-related Problems
                         on Argentina Project

    NEW ORLEANS--(BUSINESS WIRE)--June 19, 2003--J. Ray McDermott,
S.A. ("J. Ray" or the "Company"), a subsidiary of McDermott
International Inc. (NYSE:MDR) ("McDermott"), recently encountered
weather-related problems on a pipelay project off the coast of
southern Argentina (the "project"). On June 11, 2003, due to a sudden
change in the weather, the DB60 was unable to abandon the pipe being
laid before the weather conditions caused (1) the pipe to break and
(2) subsequent damage to the barge stinger. The stinger is used to
guide and lay the pipe on the ocean floor. No personnel were injured.
    J. Ray suspended work on the pipelay operations of the project and
is currently assessing the financial and operational impact of the
incident. J. Ray has provided notice to the customer under the Force
Majeure provision of the contract and has scheduled meetings with the
customer to work out arrangements to address the delays anticipated
from the incident. The Company is not able to quantify the financial
impact of this incident until the assessment and discussions with the
customer are concluded.
    McDermott International Inc. is a leading worldwide energy
services company. McDermott's subsidiaries provide engineering,
fabrication, installation, procurement, research, manufacturing,
environmental systems, project management and facility management
services to a variety of customers in the energy and power industries,
including the U.S. Department of Energy. Its subsidiary, J. Ray
McDermott, S.A., is a leading provider of solutions for offshore field
developments worldwide.

    CONTACT: McDermott International Inc., Houston
             Gay Stanley Mayeux, 281/870-5011