Cosco Receives Order for Two Jack-Up Rigs

China’s COSCO Shipyard Group Ltd has secured contracts totaling over USD380 million to build two jack-up drilling rigs and one bulk carrier.

COSCO (Dalian) Shipyard Co. Ltd has received contracts from a Bermuda company for two (2) LeTourneau Super 116E jack-up drilling rigs, scheduled for delivery in 1H2016 and 2H2016 respectively. The buyer has also secured options for two additional jack-up drilling rigs.

COSCO (Zhoushan) Shipyard Co. Ltd has received an order to build one dry bulk carrier of 64,000dwt for a European buyer. The bulk carrier is scheduled for delivery in 2H2014.

[mappress]
Press Release, November 14, 2013