COSCO Shipyard Company News

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In Brazil, Another Shipyard Goes Bust As Work Returns To Asia
If there's one industry where all of Brazil's political and economic upheavals come together, it's shipbuilding.
8:00 PM EST | July 17, 2016
Cosco Nantong to Delay Delivery of KS Orient Star 2 to End 2017
Cosco Nantong agrees to delay delivery of newbuild jackup KS Orient Star 2 to KS Drilling to end 2017.
8:00 PM EST | May 12, 2016
Asian Yards See Weaker Revenues amid Uncertainty in Brazil
Major Asian yards are bracing for greater turbulence in their earnings as the future of Brazilian construction projects remains unclear.
8:00 PM EST | March 17, 2016
MacGregor to Supply Pusnes Loading Systems to China's Cosco Shipyard
MacGregor signs contracts to supply its Pusnes loading systems to China's Cosco Shipyard.
7:00 PM EST | February 17, 2016
Northern Offshore Delays Delivery of 2 Jackups Now Being Built in China
Northern Offshore negotiates a nine-month delay in deliveries of its newbuild jackups Energy Engager and Energy Encounter.
8:00 PM EST | March 31, 2015
Cosco Guangdong Completes Installation of Upper Hull of EDrill-3 Tender Rig
Energy Drilling reports Cosco Guangdong has completed installation of the upper hull of EDrill-3 tender rig at its yard in southern China.
7:00 PM EST | December 08, 2014
Cosco Shipyard's Units Land $230M Contracts to Build FAU, Module Carrier
Cosco Shipyard's subsidiaries land contracts, worth $230 million, to build a floating accommodation unit and a module carrier.
8:00 PM EST | September 23, 2014
Wartsila Bags Integrated Solutions Order from Cosco (Qidong) Offshore
Wartsila receives integrated solution order from Cosco (Qidong) Offshore for an accommodation rig being built for Singapore based Axis Offshore.
7:00 PM EST | February 13, 2014
Cosco's Units Bag $350M Deals, Including a Newbuild Jackup for $180M
Cosco Corporation announces that units of its 51 percent owned Cosco Shipyard have bagged two construction contracts, including one for a jackup, worth over $350 million.
8:00 PM EST | October 17, 2013
Cosco Dalian Responds to Arbitration Request on Dalian Developer
Cosco's subsidiary Cosco Dalian responds to request for arbitration on the Dalian Developer drillship after the owner terminated the construction contract on grounds of delay in delivery of the vessel.
8:00 PM EST | October 17, 2013
Cosco's Units Clinches $366M Vessel Construction Contracts
Cosco Corporation reports that its subsidiaries clinch contracts, worth $366 million, to build vessels, including platform support vessels.
8:00 PM EST | September 12, 2013
Axis Offshore Orders Semisubmersible Flotel from Cosco Shipyard
Axis Offshore orders a second semisubmersible flotel, Axis Vega, from Cosco Shipyard and delivery is scheduled for the first quarter of 2015.
8:00 PM EST | September 10, 2013
Cosco Wins Deals to Build 4 Supply Vessels, 1 Jackup
Cosco clinches $266 million worth of contracts to build 4 supply vessels and a jackup.
8:00 PM EST | August 01, 2013
Cosco Wins $200M Deal to Build Accommodation Vessel
Cosco reports bagging a contract to build a semisubmersible accommodation vessel for COTEMAR.
8:00 PM EST | July 17, 2013
Wei Jiafu Steps Down as Cosco Chairman, CEO
Cosco announces that Wei Jiafu has relinquished all of his positions, including Chairman and CEO, immediately.
8:00 PM EST | July 16, 2013
Cosco Gets Deal to Build 2 Accommdodation Units
Cosco received a contract to convert two semi-completed hulls to accommodation units from a Singapore-based company.
8:00 PM EST | June 24, 2013
Rise of Chinese Shipyards in the FPSO Industry
Chinese shipyards are set to take their place on the global FPSO stage as international players look to diversify from the traditional markets of Singapore, Malaysia, South Korea and the UAE.
8:00 PM EST | October 10, 2012
Cosco Wins Drilling Rig Contract from Talland Navigation
Cosco Corporation wins a jackup drilling rig contract from Talland Navigation Limited Corporation. Industry watchers say that Cosco Corp. has sold the rig at a 'relatively low price."
8:00 PM EST | August 13, 2012
Seadrill Extends Fleet with New Tender Rig Order
Seadrill has exercised an option to build a new tender rig at the COSCO Nantong Shipyard in China.
8:00 PM EST | April 11, 2012
Cargotec Clinches Order for 20 Winches
Cargotec supplies two 10-point MacGregor mooring systems for two offshore pipe-laying heavy-lift offshore construction vessels.
8:00 PM EST | April 09, 2012
Mighty Servant Takes New Sevan Semisub to Brazil
Sevan Drilling's newbuild deepwater drilling rig leaves the Chinese shipyard Cosco en route to Brazil.
7:00 PM EST | March 05, 2012
Aker Solutions Wins Rig Pair
Aker Solutions has won two contracts to supply complete drilling equipment packages for two new deepwater drilling units that are being built by Cosco.
8:00 PM EST | May 29, 2011
Petrobras to Take Delivery of Pioneering FPSO in GOM
Petrobras will be the first company to operate an FPSO in the American portion of the Gulf of Mexico, at the Cascade and Chinook fields.
8:00 PM EST | October 27, 2009
ATP Defers Construction Cost for Octabuoy Hull
ATP has amended its agreement with COSCO to defer $99 million in construction cost for the Octabuoy hull.
8:00 PM EST | October 01, 2009
COSCO Says Sun Rise Conversion to Be A Model for the FPSO Industry
Scheduled to be delivered in May 2010, "Sun Rise," a 20-year old VLCC, is undergoing conversion to an FPSO in COSCO Dalian Shipyard. After conversion, the completed FPSO will be stationed offshore Brazil.
8:00 PM EST | July 30, 2009
DNV Classes World's First Circular Ultra-Deepwater Rig
The first circular drilling rig prepared for drilling at a water depth of almost 4,200 meters was named at COSCO Shipyard Group's Qidong Shipyard on June 28.
8:00 PM EST | July 06, 2009
COSCO Snags FPSO Conversion Contract
COSCO Dalian secured a major contract to convert a tanker to a FPSO, which will be redelivered to MODEC in 2010 and deployed in Petrobras' Tupi Field.
8:00 PM EST | May 03, 2009
Cosco Shipyard Safely Completes Island Innovator Semisub
Fabrication of the Island Innovator semisubmersible rig, the first offshore project contracted by COSCO Zhoushan Shipyard, has been carried out smoothly and safely in one million man-hours without any lost time due to injury.
7:00 PM EST | February 11, 2009
Final Heavy Transport Vessel Joins Dockwise's Fleet
After successfully completing the submerging test and sea trials, the final heavy transport vessel in a series of six has been delivered to Dockwise and will load its first cargo in China.
7:00 PM EST | December 29, 2008
Remedial Launches 1st Elevating Support Vessel
Remedial Offshore marked the launch of its first Elevating Support Vessel on December 16 when the ESV unit was skidded onto a quayside barge at the COSCO Nantong Shipyard.
7:00 PM EST | December 25, 2008
Aker to Supply Offshore Loading Systems for Brazil Ops, Usan FPSO
Aker Solutions has been awarded several contracts for the supply of offshore loading systems and deck machinery for offshore Brazil and Nigeria operations.
7:00 PM EST | December 17, 2008
Dockwise Adds New MV Triumph Vessel to Fleet
The fifth vessel out of a series of six, the MV Triumph has joined the fleet of Dockwise Transport in accordance with the delivery schedule.
7:00 PM EST | December 15, 2008
Truong Son Joint Operating Co. Fires Up Production at Song Doc Field
Oil production has commenced from the Song Doc field in Block 46/02 offshore Vietnam.
7:00 PM EST | December 04, 2008
COSCO to Deliver FPSO Conversion for Petrobras' Campos Basin Ops
Since March 2007, COSCO has signed 4 tanker-based FPSO conversion projects with MODEC, with one FPSO already delivered to TSJOC and another renamed and awaiting delivery to Petrobras' fleet in the Campos Basin.
8:00 PM EST | September 25, 2008
Construction on COSCO's New Gen Semisub Vessels Begins in Guangzhou
On August 28, a steel cutting ceremony for COSCO's 50000 DWT New Generation Semisubmersible Vessels was held in Guangzhou. The vessels will be highly versatile and can handle a wide range of cargoes.
8:00 PM EST | September 01, 2008
COSCO Names Jiang Li Jun as New President, Executive Director
COSCO announced the retirement of Ji Hai Sheng as the Vice-Chairman, President and Executive Director on August 7, 2008 and the appointment of Jiang Li Jun as his replacement on the same date.
8:00 PM EST | August 10, 2008
Sevan, Petrobras Finalize Contract for Newbuild Deepwater Rig
Petrobras and Sevan Drilling's subsidiary have signed a firm drilling contract for a newbuild drilling unit intended for operations off the coast of Brazil. This is the second deepwater drilling unit contracted to Petrobras.
8:00 PM EST | August 04, 2008
COSCO Inks LOI to Build 2 Sevan 650 Drilling Units
COSCO singed a LOI with two wholly-owned subsidiaries of Sevan Marine ASA to exercise the options secured earlier to build two Sevan 650 drilling units.
8:00 PM EST | July 30, 2008
New FPSO Conversion Named at COSCO Dalian Shipyard
The first FPSO converted from Panamax tanker "Ocean Pride" was renamed as "SONG DOC PRIED MV19" in the COSCO Dalian Shipyard on July 24, 2008.
8:00 PM EST | July 28, 2008
Sevan Underscores FPSO Updates, Plans to Drill for Petrobras
Sevan Marine issued a projects and contract activities update, which includes information regarding the FPSOs Sevan Hummingbird, Voyageur and Piranema, drilling projects with Petrobras and a construction update for the Sevan Driller at COSCO's yard.
8:00 PM EST | July 27, 2008
COSCO-KOMAC Design Centre Kicks Off Operations
The COSCO-KOMAC Design Centre announced formal commencement of operations in Dalian, China on July 10, 2008, with its organization, workplace and designers ready for operation.
8:00 PM EST | July 22, 2008
MODEC's FSO Sets Sail to Offshore Vietnam
MODEC announced that the newly built FSO RANG DONG MV17 has set sail for final installation offshore Vietnam. First Oil is expected in September. The unit has a storage capacity of 350,000 barrels and a total inlet capacity of 60,000 barrels per day.
8:00 PM EST | July 21, 2008
Cosco Zhoushan Shipyard Delivers FPSO to MODEC
Cosco Zhoushan Shipyard has delivered the FPSO "Rang Dong MV 17" to MODEC. The FPSO required a total of 1.76 million man-hours.
8:00 PM EST | July 20, 2008
COSCO Gets Nod from Sevan for Progress on Sevan 650
Sevan Marine's Chairman visited COSCO Nantong Shipyard and indicated his satisfaction with the production process of the Sevan 650, the cylindrical drilling unit now under construction at the shipyard.
8:00 PM EST | July 14, 2008
Cosco Corp to Build 2 Drilling Vessels for Norway's Sevan
Cosco has agreed to build two drilling vessels, designed for deepwater drilling in ice-free waters, for Sevan Marine. The contract value was not specified.
8:00 PM EST | July 14, 2008
Sevan Secures Options with COSCO to Build Six Units
Sevan Marine ASA has secured options to build six additional Sevan drilling units with China's COSCO shipyard group.
8:00 PM EST | June 09, 2008
COSCO Doubles Net Profit, Sustains Growth for Q1
COSCO Corporation (Singapore) Limited announced that it had continued to register strong growth in Q1 2008 on broad-based solid expansion across all key businesses supported by buoyant order book.
8:00 PM EST | April 30, 2008
Dockwise's Last Tanker Accepted for Conversion into Heavy Lift Vessel
The former Sealift/Frontline Suezmax tanker 'Marble', now owned by a subsidiary of Dockwise Ltd., and renamed "Triumph", has been accepted by Cosco Guangdong Shipyard on April 18, 2008.
8:00 PM EST | April 27, 2008
Marine JV Formed: COSCO Lianyungang Shipyard Co.
The day following the JV agreement, the new company was awarded a large conversion project of LNG to Chip vessel from TMT Co. Ltd.
7:00 PM EST | January 02, 2008
Guangzhou Shipyard, DNV Partner for Heavy Lift Job
Guangzhou Shipyard International (GSI) has selected DNV as a key partner to classify a pair of innovative large semi-submersible heavy lift newbuildings.
7:00 PM EST | November 27, 2007