Cosco Singapore $23M deal

By Finance

COSCO Corp (Singapore) informed for a deal for $23m. The company ordered a floatover launch barge. The subsidiary COSCO (Zhousan) Shipyard signed a deal with shipowner from Malaysia. The barge's height is 10m and the width is 40m and 160m long. It is needed for floatover operations of structures weighing up to 14,500t.
Profits of COSCO for the first 4 months this year dropped 65% to $7.9m bud the deal is not expected to have impact on the company.