Monday, March 26, 2012

Cosco wins $189m shipbuilding contract

Singapore-listed Cosco Corp said one of its  subsidiaries had signed a contract worth more than US$150 million ($189 million) to build a specialised vessel to install offshore wind turbines for a European customer.

Cosco said on Monday the vessel is scheduled for delivery in 2014 and the contract is not expected to have a material impact on the net tangible assets and earnings per share of the company for the year ending 31 December 2012.


 

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