China: Cosco to build two PSVs for a client in Singapore

 China’s COSCO (Guangdong) Shipyard Co. has received a contract for the construction of two platform supply vessels.

The contracts, valued at approximately USD60 million, were from an undisclosed company based in Singapore

“Barring any unforeseen circumstances, the option contracts are not expected to have a material impact on the net tangible assets and earnings per share of the Company for the year ending 31 December 2014,” Cosco said in a press release.

 

February 18, 2014

 

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