After more than twenty-five years of close and productive cooperation in providing safe and efficient world-wide ocean transportation for a wide variety of offshore and onshore industry cargoes, COSCO Shipping Company, Ltd. and NMA Maritime & Offshore Contractors B.V. have decided with immediate effect to further solidify their relationship by forming two Joint Ventures, separately in the Netherlands and in the U.S.A. It is significant that COSCO Shipping Company is the only company, which has a large fleet of both semi-submersible and conventional heavy-lift vessels. These two types of vessels constitute COSCO Shipping Company's core business. COSCO Shipping Company has a pool of 6 newly designed, semi-submersible vessels of 20,000, 30,000, 40,000 and 50,000 DWT capacities.