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    COSCO Guangdong Shipyard wins PSV contracts

    Yard News // January 30, 2013

    The Board of Directors of COSCO Corporation (Singapore) Limited have announced that two shipbuilding contracts signed by COSCO (Guangdong) Shipyard Co Ltd, a subsidiary of the company's 51 per cent owned subsidiary, COSCO Shipyard Group Co Ltd, have become effective.

    The contracts, with a European shipowner, are for construction of two PX121 design PSvs and are worth approximately US$54 million in total.

    Delivery of the vessels is expected in the first quarter of 2015.

    The owner has an option to render effective, within six months, two more contracts for the construction of similar PX121 PSVs.

     

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