Two COSCO Shipyards Land $266 Mln in Offshore Orders

COSCO Corporation (Singapore) Limited today announced that COSCO (Dalian) Shipyard Co ., Ltd (a subsidiary of the Company’s 51% owned subsidiary, COSCO Shipyard Group Co., Ltd), has secured a contract from a Chinese company to build two deep water platform supply vessels.

Both of them are scheduled for delivery in the second quarter of 2015.

Separately, COSCO (Guangdong) Shipyard Co., Ltd (which is also a subsidiary of COSCO Shipyard Group Co., Ltd.) has secured a contract from the same company to build two anchor handling tug supply vessels.

Both vessels are scheduled for delivery in the second quarter of 2015.

The total value for the above contracts is over RMB 590 million (approx $96.3 million).

Also, COSCO (Dalian) Shipyard Co. Ltd. has won a contract valued over USD170 million from a European company to build one (1) Jackup drilling rig. The rig is scheduled for delivery in the 3rd quarter of 2015.

[mappress]
Press Release, August 1, 2013