Cosco Zhoushan Seals Deal for Four Platform Supply Vessels

Cosco Singapore announced Friday that it won a contract to supply four platform supply vessels to a Hong Kong-based ship owner.

The deal, worth $119.2 million, is contracted through the company's subsidiary Cosco Zhoushan. Delivery of the four vessels, which will be built based on Rolls Royce's UT 771 CDL design, will start from the first half of 2014.

The contract includes an option for the ship owner to buy an additional four units - within the next six months - based on the same design. Cosco revealed in its statement that the additional units will also be worth around $119.2 million.
 



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Lundin Norway Makes Oil, Gas Find in B... (Feb 24)
 -  PSA: Norway's Petroleum Industry Must ... (Feb 24)
 -  Sound Energy Progresses Tendrara Drill... (Feb 24)
 -  Lukoil Finds Oil at Iraq Well (Feb 22)
 -  Gazpromneft-Sakhalin: Ayashsky License... (Feb 22)


Most Popular Articles

From the Career Center
Jobs that may interest you
Rope Access Inspector Level 2/3
Expertise: Asset Integrity Engineer|NDT Technician|QA / QC / Inspection
Location: Magnolia, TX
 
Regional Manager - Saybolt
Expertise: Business Development|Operations Management|Surveying
Location: Linden, NJ
 
Petroleum Inspector Trainee - Saybolt
Expertise: Field Service Tech|Marine Surveying|Surveying
Location: Clarksville, IN
 
search for more jobs

Brent Crude Oil : $56.58/BBL 1.32%
Light Crude Oil : $54.45/BBL 1.60%
Natural Gas : $2.62/MMBtu 1.15%
Updated in last 24 hours