Wednesday, August 13, 2014

Cosco Corp (S) unit wins $588 mil contract to build 4 subsea supply vessel

Cosco (Dalian) Shipyard Co., a subsidiary of Cosco Corp Singapore’s 51% owned subsidiary, Cosco Shipyard Group Co., has won contracts valued over US$470 million ($588 million) to  build four subsea supply vessels from Maersk Supply Service AS which is part of the A.P. Moller-Maersk Group. The vessels are scheduled for delivery in 4Q2016 and 1H2017 respectively. Maersk Supply Service also has the option to build two more subsea supply vessels.

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