Cosco secures offshore and shipbuilding contracts

Offshore staff

SINGAPORE Two COSCO Shipyard Group Co. Ltd. shipyards have secured contracts valued collectively at $230 million to build one floating accommodation unit (FAU) and one module carrier.

COSCO (Qidong) Offshore Co. Ltd. will build the FAU for a Singapore entity. The unit is scheduled for delivery in 1Q 2017. The buyer has also secured options for five additional FAUs.

COSCO (Dalian) Shipyard Co. Ltd. will provide one 21,000-DWT module carrier for a European company. The vessel is scheduled for delivery in 2Q 2016.

09/23/2014

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