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COSCO Guandong Shipyard to Construct PSVs

Maritime Activity Reports, Inc.

May 27, 2014

COSCO Corporation (Singapore) Limited informs that its subsidiary COSCO (Guangdong) Shipyard has had contract options taken up for the construction of 4 Platform Supply Vessels (PSVs).

The new vessels are scheduled for delivery from 2Q 2016 to 1Q 2017, and the shipowner has also secured options for two additional platform supply vessels of this type.

The contracts for the PSVs have a total value of approximately US$ 120-million.

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