Cosco Corporation (Singapore) Ltd. Company News

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Cosco Delivers 2 Jackups to Foresight Group and a PSV to a European Buyer
Thursday, August 25, 2016 Cosco Dalian delivers 2 jackups to the Foresight Group, while a European buyer took delivery of a platform supply vessel (PSV) from Cosco Guangdong.

Cosco Incurs $27M Net Loss in 2Q 2016, Revenues Fell 11% to $566M
Monday, August 08, 2016 China’s Cosco incurs a net loss of $27.3 million in the second quarter of 2016, while revenue falls 11 percent to $565.9 million, with the decline attributed to lower contributions from its shipyard and shipping operations.

Cosco, KS Energy May Sell KS Orient Star 2 if Offer Covers Building Cost
Tuesday, May 17, 2016 Cosco and KS Energy are entitled to sell newbuild KS Orient Star 2 to a third party if either firm receives an offer covering the building costs.

Sevan Drilling, Cosco to Defer Delivery of Sevan Developer to Mid-October
Friday, April 15, 2016 Sevan Drilling and Cosco agree to defer delivery of Sevan Developer semisub for a further six months to mid-October.

Cosco Nantong Bags Contract to Build Workover Unit for Asian Owner
Thursday, March 17, 2016 Cosco Nantong bags a contract to build a self-elevating workover unit for an Asian owner for delivery in the third quarter of 2017.

Cosco's 2015 Net Loss Reaches $407M, Compared to Net Profit of $15M in 2014
Tuesday, February 16, 2016 Singapore-listed Cosco Corp. posts a net loss of $406.9 million in 2015, compared to a net profit of $14.9 million a year earlier.

Cosco Guangdong Delivers Newbuild PSV 'Vos Partner' to European Buyer
Friday, January 22, 2016 Chinese shipyard Cosco Guangdong delivers a newbuild platform supply vessel "Vos Partner" to a European buyer.

Cosco Issues Profit Guidance, Cites Low Oil Prices for Expected Net Loss
Thursday, December 10, 2015 Cosco issues profit guidance on the financial results for fourth quarter 2015 and financial year 2015 ending Dec. 31, citing low oil prices as a key factor for the anticipated net loss.

Sevan Drilling Exercises Option to Defer Delivery of Sevan Developer
Tuesday, November 03, 2015 Sevan Drilling exercises option with Cosco Qidong to defer delivery of the Sevan Developer semisub by six months to mid-April 2016.

Cosco Nantong Agrees to Defer Delivery of FPSO to European Owner to 1Q 2017
Monday, October 26, 2015 Cosco Nantong agrees to the request from a European company to defer delivery of a floating production, storage and offloading vessel to the first quarter of 2017.

Cosco Guangdong Delivers Newbuild AHTS 'Hai Yang Shi you 642' to COSL
Monday, September 28, 2015 Cosco Guangdong delivers an anchor handling tug supply vessel "Hai Yang Shi You 642" to China Oilfield Services Limited.

COSL Takes Delivery of Newbuild 'Hai Yang Shi You 661' PSV from Cosco
Thursday, September 17, 2015 Cosco Dalian delivers the newbuild "Hai Yang Shi You 661" platform supply vessel to China Oilfield Services Ltd.

Cosco Nantong Delivers Semisub Accommodation Vessel to Atlantis Offshore
Tuesday, September 15, 2015 Cosco Nantong delivers a newbuild semisubmersible accommodation vessel to Atlantis Offshore.

Arbitration Tribunal Closes Case on Cosco-Deepwater Dalian Drillship Spat
Friday, September 04, 2015 Cosco Dalian reports that an arbitration tribunal in London has indicated that the firm has no further liabilities to Dalian Deepwater Developer over the construction contract for a drillship.

Cosco Guangdong Delivers Newbuild PSV 'Vos Paradise' to European Buyer
Tuesday, August 18, 2015 Cosco Guangdong delivers a newbuild platform supply vessel to a European buyer.

Cosco Issues Profit Guidance for 2Q 2015, Blames Low Oil Prices
Thursday, July 16, 2015 Cosco issues profit guidance for second quarter 2015 financial results, citing low oil prices and its adverse impact on the global offshore marine industry as a factor.

KS Drilling, Cosco Agree to Delay Delivery of KS Orient Star 2 to 2016
Monday, July 13, 2015 KS Drilling and Cosco Nantong agree to extend the delivery date for newbuild KS Orient Star 2 to April 2016.

Cosco Agrees to Defer Delivery of a Semisub Floatel to Axis Offshore
Friday, July 03, 2015 China's Cosco Qidong agrees to defer delivery of a semisubmersible floatel to Axis Offshore to 2016, a year later than planned.

COSL Takes Delivery of Newbuild AHTS from Cosco Guangdong
Monday, June 29, 2015 Cosco Guangdong delivers a newbuild anchor handling tug supply vessel to COSL.

Cosco Guangdong Agrees to Defer Delivery of 2 PSVs to U.S. Firm to Mid-2016
Friday, May 29, 2015 China's Cosco Guangdong Shipyard agrees to defer delivery of two platform supply vessels to a U.S. firm to mid-2016.

Cosco Dalian Bags MODEC's $95M FPSO Conversion Contract
Thursday, April 23, 2015 China's Cosco Dalian bags MODEC's $95 million floating production, storage and offloading conversion contract.

Cosco's Net Profit Falls to $21.07M in 2014, Down 50% YOY
Tuesday, February 17, 2015 Cosco reported a 50 percent decline in net profit for 2014 to $21.07 million, compared to $42.22 million in 2013.

Cosco Shipyard Delivers 2 Platform Supply Vessels
Tuesday, February 10, 2015 Cosco Shipyard completes delivery of two newbuild platform supply vessels.

China's Yards Brace for Leaner Times as Oil Slump Sours Rig Building Spree
Monday, January 19, 2015 For China's shipyards, the oil rig market that was supposed to be a blessing is in danger of becoming a curse.

Cosco Nantong Delivers Semisub Accommodation Vessel to COTEMAR
Thursday, January 15, 2015 Cosco Nantong delivers a semisubmersible accommodation vessel to Mexico's COTEMAR.

Cosco Discontinues Octabuoy Hull and Topside Module Project
Monday, January 12, 2015 Cosco discontinues the Octabuoy hull and topside module project, resulting in a one-off charge of $72 million for the firm.

Cosco Delivers Self-Erecting Drilling Tender Barge to Energy Drilling
Friday, November 21, 2014 Cosco Guangdong delivers a newbuild self-erecting drilling tender barge to Energy Drilling.

Cosco, Sevan Drilling Agree to Extend Delivery Date for Sevan Developer
Friday, October 17, 2014 Cosco and Sevan Drilling agree to an extension of the delivery date for Sevan Developer semisub by 12 months.

Cosco Shipyard's Units Land $230M Contracts to Build FAU, Module Carrier
Wednesday, September 24, 2014 Cosco Shipyard's subsidiaries land contracts, worth $230 million, to build a floating accommodation unit and a module carrier.

Cosco Wins $470M Contracts to Build 4 Subsea Supply Vessels for Maersk
Wednesday, August 13, 2014 Cosco (Dalian) Shipyard secures $470 million contracts to build 4 subsea supply vessels for Maersk Supply Services.

Cosco Nantong Delivers Jackup Kai Xuan Yi Hao to Asian Buyer
Thursday, July 24, 2014 Cosco Nantong delivers newbuild jackup Kai Xuan Yi Hao to its Asian buyer.

Cosco Reveals Buying Interest for Octabuoy Hull and Topside Module
Wednesday, July 23, 2014 Cosco Nantong receives bids for the Octabuoy hull and topside module that it had built for ATP Oil & Gas.

Cosco Zhoushan Delivers Launch Barge SapuraKencana FLB-1
Thursday, June 12, 2014 Cosco Zhoushan delivers a floatover launch barge SapuraKencana FLB-1 to SapuraKencana Petroleum.

Cosco (Guangdong) Shipyards Receives $120M Order to Build 4 PSVs
Tuesday, May 27, 2014 Cosco (Guangdong) Shipyard Co. receives $120 million order to build 4 platform supply vessels for a Singapore-based company.

Cosco Nantong Delivers SapuraKencana 3500 Pipelay, Heavy Lift Vessel
Tuesday, May 20, 2014 SapuraKencana Petroleum takes delivery of recently completed SapuraKencana 3500 pipelay heavy lift vessel from Cosco Nantong.

Cosco Dalian Wins $184M Contract to Build Jackup for Derwent Ocean
Friday, May 09, 2014 Cosco (Dalian) Shipyard wins a $184 million contract to build a LeTourneau Super 116E Class jackup for Derwent Ocean.

Cosco Delivers Self-Erecting Drilling Tender Barge to Energy Drilling
Wednesday, April 30, 2014 Cosco Guangdong delivers a self-erecting drilling tender barge to Energy Drilling.

Cosco's Subsidiaries Bag $100M Contracts to Build 2 PSVs, 4 ERRVs
Tuesday, April 22, 2014 Cosco Corporation's subsidiaries bag contracts to build 2 platform supply vessels and 4 emergency response/rescue/field support vessels for around $100 million.

Cosco Delivers Newbuild Pipelay Heavy Lift Barge to SapuraKencana
Thursday, March 20, 2014 Cosco (Nantong) Shipyard delivers a newbuild pipelay heavy lift barge to SapuraKencana.

Cosco (Guangdong) Shipyard Clinches $60M Deal to Build 2 PSVs
Tuesday, February 18, 2014 Cosco (Guangdong) Shipyard Co. clinches a $60 million contract to build two platform supply vessels for a Singapore-based company.

Cosco's $200M Deals to 2 Build Semisub Accommodation Vessels Take Effect
Tuesday, November 26, 2013 Cosco Corporation reported that contracts, valued at over $200 million, to build 2 semisubmersible accommodation vessels for Prosafe have taken effect.