Cosco wins $470 mn contracts to build 4 subsea supply vessels for Maersk
SINGAPORE -- The Board of Directors of Cosco Corporation (Singapore) Limited reported that Cosco (Dalian) Shipyard Co., Ltd., a subsidiary of the Company’s 51% owned subsidiary, Cosco Shipyard Group Co., Ltd., has secured contracts valued over $470 million excluding owner furnished equipment from Maersk Supply Service AS (MSS), part of the A.P. Moller-Maersk Group, to build four subsea supply vessels. MSS has also secured options for two additional subsea supply vessels.
The vessels are scheduled for delivery in 4Q2016 and 1H2017 respectively.