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COSCO receives orders for self-elevating drilling platforms and bulk carriers

2013-11-18 09:00

COSCO Investment (Singapore) Co., Ltd., listed on the Singapore Stock Exchange, recently announced that its 51%-owned subsidiary, COSCO Shipping, has secured approximately US$380 million in shipbuilding orders through its subsidiaries.

Dalian COSCO Shipping has received orders for two self-elevating drilling platforms from a Bermuda-based shipowner, with delivery scheduled for the first and second halves of 2016, respectively.

The contract also includes two optional orders for self-elevating drilling platforms built based on LeTourneau's "Super 116E" design.

In addition, Zhoushan COSCO Shipping has received an order for one 64,000 DWT bulk carrier from a European shipowner, with delivery scheduled for the second half of 2014. This vessel is an optional vessel included in a shipbuilding contract announced on September 12 and has recently come into effect.

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