Chinese Shipyard Gets Large US Orders for PSV's

COSCO (Guandong Shipyard) gets order for four Platform Supply Vessels (PSV's) option for six more from US shipowner

Four shipbuilding contracts have been signed between COSCO's Guandong Shipyard and an American ship owner for the construction of four UT 771 CDL Platform Supply Vessels (PSVs) at a value of over US$ 105 million in total. Delivery of the above four vessels is expected to commence in early 2014.

In addition, the same ship owner has options to declare up to another six contracts for the construction of the same UT 771 CDL PSVs, which have a value of over US$ 160 million in total.

COSCO say they will make announcements as and when the shipbuilding contracts subject to such options are declared effective.