Cosco Corporation (Singapore) announced that its 51 percent-owned subsidiary Cosco (Nantong) Shipyard Co. Ltd. has secured contracts from a Singapore entity for the conversion of two semi-completed hulls to high-end floating accommodation units (FAUs) valued at over $170 million each.
The FAUs are scheduled for delivery 24 months after the contracts are declared effective. Cosco said while the first contract has taken effect, an announcement would be made when the contract for the second unit is rendered effective in six months’ time.
WHAT DO YOU THINK?
Click on the button below to add 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.
More from this Author
Most Popular Articles
From the Career Center
Jobs that may interest you