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    COSCO secures option deals for four PSVs

    Yard News // May 27, 2014

    The Board of Directors of COSCO Corporation in Singapore has confirmed that option contracts awarded by a Singapore-based company to COSCO Guangdong) Shipyard Co Ltd, a subsidiary of the company’s 51 per cent owned subsidiary, COSCO Shipyard Group Co Ltd, for the construction of four PSVs have been declared effective.

    The vessels are scheduled for delivery from the second quarter of Q2016 to the first quarter of 2017. The shipowner has also secured options for two additional PSVs of the same type.

    The above contracts have a total value of approximately US$120 million.

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