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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.

08/13/2014

 

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