COSCO Announces Three New Contracts

COSCO Corporation (Singapore) has released three announcements regarding the contracts awarded to its shipbuilding subsidiary.

The Board of Directors of COSCO Corporation announced that the second contract awarded to COSCO (Nantong) Shipyard for the conversion of one semi-completed hull to high end floating accommodation unit, valued at over USD 170 million, is declared effective. The unit is scheduled for delivery in 24 months.

In the second announcement COSCO said that COSCO (Dalian) Shipyard has secured a contract valued over USD 180 million from an Asian company to build one jack-up drilling rig. The rig is scheduled for delivery in the 3rd quarter of 2015.

Furthermore, COSCO (Dalian) Shipyard has won a contract valued over RMB325 million (USD 53.2 million) from a Chinese buyer to build one 30,000 DWT cargo and training ship. The ship is scheduled for delivery in the third quarter of 2015.

[mappress]

World Maritime News Staff, October 17, 2013; Image: COSCO