Cosco Delivers 2 Jackups to Foresight Group and a PSV to a European Buyer

Cosco Corp. (Singapore) Ltd., China's major ship repair & marine engineering and shipping group based in China, reported Wednesday that Cosco (Dalian) Shipyard Co., Ltd., a subsidiary of its 51 percent owned Cosco Shipyard Group Co., Ltd., has delivered two jackups to the Foresight Group of companies through United Arab Emirates-based drilling and rig management services firm Hallworthy International FZC.

Cosco Dalian signed the delivery documents for the two jackups,"N527" and "N581" -- possibly Vivekanand 2 (350' ILC) and Vivekanand 3 (350' ILC) -- with the buyer recently.

According to Cosco, the jackups, both measuring 243 feet (74.09 meters) in length and 206 feet (62.80 meters) in width, are designed to operate in water depths of up to 350 feet, while equipped to drill to depths of up to 30,000 feet.

Separately, Cosco indicated that Cosco (Guangdong) Shipyard Co., Ltd., a unit of Cosco Shipyard, has delivered a platform supply vessel, named "VOS PASSION", to its European buyer. The vessel is 274 feet (83.48 meters) in length, 59 feet (18 meters) in breadth and 26 feet (8 meters) in depth.



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