Cosco Corporation secures contract valued over USD 200 million for one unit semi submersible accommodation vessel
COSCO Corporation (Singapore) Limited announces that COSCO (Nantong) Shipyard C o. Ltd., a subsidiary of the Company’s 51% owned subsidiary, COSCO Shipyard Grou p Co. Ltd., has secured a contract valued over USD200 million from COTEMAR S. A. De C.V., a company incorporated in Mexico, to build one (1) Harsh Envi ronment Semi Submersible Accommodation Vessel, said in the company's press release.
This vessel will be built to GustoMSC Ocean500 design and have capacity of 750 POB, DP3 Dynamic Positioning s ystem and is designed to operate in the Santos Basin, Gulf of Mexico and in the Nort h Sea. COTEMAR S.A. De C.V., has now exercised the first o ption unit awarded by COSCO. COTEMAR S.A. De C.V., was awarded altogether two options units in March 2012 when the 1st unit hull were contracted. The vessel is scheduled for delivery in 24 months time.
