COSCO has recently received orders for merchant ships and specialized ocean vessels.
2013-09-20 09:00
COSCO Corporation (Singapore) announced on the 12th that its subsidiary, COSCO Shipbuilding, in which it holds a 51% stake, has signed newbuilding contracts totaling approximately US$366 million through several subsidiaries.
Firstly, Guangdong COSCO Shipbuilding recently signed two contracts for a total of 12 platform supply vessels (PSVs). Two PSVs plus an option for two more were ordered from a Dutch shipowner for delivery in Q3 2015. Another two PSVs plus an option for six more were ordered from a Singaporean shipowner for delivery in the first half of 2015. In addition, Dalian COSCO Shipbuilding received an order for two salvage and lifting vessels from a Chinese reseller for delivery in the first half of 2015. They also received an order for two plus an option for two more 21,000 DWT module carriers from a European company, with deliveries scheduled for the first and second halves of 2015 respectively.
Finally, Zhoushan COSCO Shipbuilding received an order for four plus two 64,000 DWT bulk carriers from a European shipping company, with delivery scheduled for the second half of 2014 to the first half of 2015.
In addition, there are other newbuilding contracts not included in this announcement. COSCO Shipbuilding (Qidong) Offshore Engineering Co., Ltd. recently received an order for one semi-submersible accommodation rig from Axis Offshore, valued at over US$200 million, exercising a previously signed option.
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