COSCO delivers PSV Hai Yang Shi You 660

COSCO Corporation has reported the delivery of a Platform Supply Vessel (PSV), Hai Yang Shi You 660.

According to COSCO’s press release, the PSV was delivered by COSCO Dalian, a subsidiary of the company’s 51% owned COSCO Shipyard Group.

COSCO did not reveal the name of the buyer, but only said it is from China. No financial details have been revealed. The PSV is 85.4 m long, 20 m wide, and measures 8.6 m in depth.

In addition to vessel delivery announcement, the company also added that  COSCO Dalian has incorporated a wholly-owned subsidiary, Dalian Developer Drilling Co. Limited in Hong Kong with an issued share capital of $500,000, the principal activities of which are leasing, management and sales of offshore projects.

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