Two COSCO Shipyards Bag Orders Worth $380m

Two COSCO Shipyards have secured contracts totaling over $380 million to build two jackup drilling rigs and one bulk carrier.

COSCO (Dalian) Shipyard scored contracts from a Bermuda company for two LeTourneau Super 116E jackup drilling rigs, scheduled for delivery in 1H 2016 and 2H 2016 respectively.

The buyer has also secured options for two additional jackup drilling rigs.

COSCO (Zhoushan) Shipyard also won a contract, under the option announced on Sept 12th 2013, to build one dry bulk carrier of 64,000 dwt for a European buyer. The bulk carrier is scheduled for delivery in 2H 2014.

[mappress]
Press Release, November 14, 2013