China: Cosco to build two PSVs for a client in Singapore

 China’s COSCO (Guangdong) Shipyard Co. has received a contract for the construction of two platform supply vessels.
China Cosco to build two PSVs for a client in Singapore

The contracts, valued at approximately USD60 million, were from an undisclosed company based in Singapore

“Barring any unforeseen circumstances, the option contracts are not expected to have a material impact on the net tangible assets and earnings per share of the Company for the year ending 31 December 2014,” Cosco said in a press release.

 

[mappress]
February 18, 2014

 

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