COSCO Corporation (Singapore) said on Wednesday that its Dalian yard has secured contracts worth more than US$470 million to build four subsea supply vessels.
The contracts, which exclude owner-furnished equipment from Maersk Supply Service, a part of A.P. Moller-Maersk Group, comes with options for two more vessels.
The vessels are scheduled for delivery in the fourth quarter of 2016 and first-half 2017, respectively
Cosco (Dalian) Shipyard Co Ltd is a subsidiary of the company’s 51 per cent owned unit, Cosco Shipyard Group Co Ltd.
Cosco"s Dalian yard wins deals worth over US$470 million