Cosco (Guangdong) Shipyard Clinches $60M Deal to Build 2 PSVs
Cosco Corporation (Singapore) Limited reported Monday that Cosco (Guangdong) Shipyard Co. Ltd., a unit of the company's 51 percent owned subsidiary Cosco Shipyard Group Ltd., has clinched a of $60 million contract to build two platform supply vessels.
The order for the two platform supply vessels (PSVs) was from a Singapore-based company, which exercised an option to build up to six PSVs as agreed in the contract inked in September 2013, when the latter ordered two similar vessels.
The "two option contracts, awarded to COSCO (Guangdong) Shipyard Co. ... have been declared effective," Cosco said in a press release.
WHAT DO YOU THINK?
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.
- Cosco Delivers 2 Jackups to Foresight Group and a PSV to a European Buyer (Aug 25)
- Cosco Incurs $27M Net Loss in 2Q 2016, Revenues Fell 11% to $566M (Aug 08)
- Cosco, KS Energy May Sell KS Orient Star 2 if Offer Covers Building Cost (May 17)