COSCO to Deliver Two PSVs to European Client in 2015

COSCO to Deliver Two PSVs to European Client in 2015

China’s COSCO (Guangdong) Shipyard Co., Ltd has announced that two shipbuilding contracts signed with a European ship owner for the construction of two PX121 Platform Supply Vessels (PSVs) have been made effective on 28 January 2013 at a value of approximately US$54 million in total.

Delivery of the two vessels designed by Norway’s Ulstein are expected in the first quarter of 2015.

Additionally, the ship owner has an option to render effective, within six months, two contracts for the construction of similar PX121 PSVs,valued at approximately US$54 million in total. The Company will announce when the shipbuilding contracts under the option are declared effective.

January 28, 2013; Image: Ulstein

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