Cosco Guangdong Delivers Newbuild PSV 'Vos Paradise' to European Buyer

Cosco Corporation (Singapore) Limited's disclosed Monday that Cosco (Guangdong) Shipyard Co., Ltd. -- a subsidiary of its 51 percent owned Cosco Shipyard Group Co., Ltd., has delivered a platform supply vessel (PSV), “Vos Paradise”, to its European buyer.

"The delivery documents were signed by and between Cosco Guangdong and the buyer recently," Cosco said in a press release.

The newbuild PSV measures 273.88 feet (83.48 meters) in length, 59 feet (18 meters) in breadth and 26.24 feet (8 meters) in depth.

Last month, Cosco reported a net loss of $3.38 million (SGD 4.76 million) for second quarter 2015 (2Q 2015), compared to a net profit of $10.15 million (SGD 14.30 million) in the previous year.

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