Cosco Nantong Bags Wind Farm Support Vessel Order from Everbright
China’s Cosco (Nantong) Shipyard has won a contract to build one multi purpose wind farm support vessel (WFSV) for the Hong Kong-based Everbright Int’l (HK) Offshore.
Cosco Corporation's 51 per cent owned Cosco Nantong will deliver the contracted newbuild in the fourth quarter of 2018.
Under the contract, Cosco Nantong has also granted an option to Everbright pursuant to which the company may order another similar multi purpose wind farm support unit within six months from the contract.
Cosco Corp has not disclosed the contract value, of which the listed company said has to be kept confidential as agreed with Everbright.
The above contract is not expected to have any material impact on the net tangible assets and earnings per share of the Company for the year ending 31 December 2017.