COSCO China Shipbuilders Win Slew of Contracts

COSCO, Singapore announce its subsidiary shipyards in China have gained contracts for newbuildings worht US$366-million for offshore and various other types of vessel, as follows:

COSCO (Guangdong) Shipyard Co. Ltd.
A Netherlands based company has placed orders to build two platform supply vessels (PSVs) scheduled for delivery in 3Q 2015. The buyer has also secured options for two additional PSVs.

Contracts from a Singapore based company have also been pladed for construction of two PSVs scheduled for delivery in 1H 2015. The buyer has also secured options for six  additional PSVs.

COSCO (Dalian) Shipyard Co. Ltd
Has received contracts from a PRC based agency to build two salvage lifting vessels scheduled for delivery in 1H 2015.

Additionally, a Europe based company has ordered two module carriers of 21,000dwt each scheduled for delivery in 1H 2015 and 2H 2015 respectively. The buyer has also secured options for two additional module carriers.

COSCO (Zhoushan) Shipyard Co. Ltd
Contracts from a Europe based company have been placed for four dry bulk carriers of 64,000dwt each, scheduled for delivery in 2H 2014 and 1H 2015. The buyer has also secured options for two additional dry bulk carriers.

COSCO (Qidong) Offshore Co., Ltd.Separately, Axis Offshore, a joint venture between Danish shipowner, J. Lauritzen and Norwegian private equity fund, Hitec Vision, has taken up an option to exercise a contract valued at more than USD200 million for a semi-submersible accommodation rig.