Marine Link
Friday, October 21, 2016

China Shipyards Secure US$380-Million Contracts for COSCO

November 15, 2013

COSCO (Zhoushan) Shipyard: Image courtesy of COSCO

COSCO (Zhoushan) Shipyard: Image courtesy of COSCO

Chinese shipyards, which are subsidiaries of the Company’s 51% owned subsidiary COSCO (Singapore) Shipyard Group Ltd, have secured contracts to build two jackup drilling rigs and a bulk carrier as follows:

1. COSCO (Dalian) Shipyard Co. Ltd has secured contracts from a Bermuda company for two LeTourneau Super 116E jackup drilling rigs, scheduled for delivery in 1H2016 and 2H2016 respectively. The same buyer has also secured options for two additional jackup drilling rigs.

2. COSCO (Zhoushan) Shipyard Co. Ltd has been contracted to build a dry bulk carrier of 64,000dwt for a European buyer, with delivery scheduled in the second half of 2014.

The COSCO Group adds that barring  any unforeseen circumstances, the above contracts are not expected to have a material impact on the net tangible assets and earnings per share of the Company for the year ending 31 December 2013.

Maritime Reporter Magazine Cover Oct 2016 - Marine Design Annual

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News