Two PSV contract options declared effective for COSCO

Feb. 17, 2014

COSCO Corp. (Singapore) Ltd. reports that two option contracts, awarded to COSCO (Guangdong) Shipyard Co. Ltd, a subsidiary of the company’s 51% owned subsidiary, COSCO Shipyard Group Co. Ltd., for the construction of two platform supply vessels have been declared effective.

Offshore staff

SINGAPORE –COSCO Corp. (Singapore) Ltd. reports that two option contracts, awarded to COSCO (Guangdong) Shipyard Co. Ltd., a subsidiary of the company’s 51% owned subsidiary, COSCO Shipyard Group Co. Ltd., for the construction of two platform supply vessels have been declared effective.

The option contracts, valued at $60 million, were from an unnamed Singapore-based company.

02/17/2014