Cosco Wins Deals to Build 4 Supply Vessels, 1 Jackup

Cosco Corporation (Singapore) Limited reported that Cosco (Dalian) Shipyard Co., Ltd (a subsidiary of Cosco’s 51 percent owned subsidiary, Cosco Shipyard Group Co., Ltd), has won a contract from a Chinese company to build 2 deepwater platform supply vessels for delivery in the second quarter of 2015.

Another Cosco’s unit, Cosco (Guangdong) Shipyard Co., Ltd, bagged an order from the same Chinese firm to build 2 anchor handling tug supply vessels, which are also scheduled for delivery in the second quarter of 2015.

“The total value of the above contracts is over $96.2 million (CNY 590 million),” Cosco said in a press release.

Separately, Cosco (Dalian) Shipyard Co. Ltd. clinched a contract valued over $170 million from a European company to build a jackup for delivery in the third quarter of 2015.

Meanwhile, the company said that Cosco (Qidong) Shipyard Co., Ltd, another subsidiary of Cosco Shipyard, has delivered a jackup barge "IB914" and a transportation barge "IB924", to an Australian company.

“The delivery documents were signed by and between Cosco Qidong and the customer in July,” Cosco said in a separate press release.

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