COSCO Nantong Secures Accommodation Ship Deal

By Finance

COSCO Corporation (Singapore) Limited informed that COSCO (Nantong) Shipyard Co. Ltd., a subsidiary of the Company’s 51% owned subsidiary, COSCO Shipyard Group Co. Ltd., has  secured a deal estimated over USD 200 million from COTEMAR S.A.

De C.V., a firm located in Mexico, to build 1 Harsh Environment Semi Submersible Accommodation Ship. The product is
The vessel is expected to be built with design of GustoMSC Ocean500 with capacity 50 POB, DP3 Dynamic Positioning system and will operate in the Santos Basin, Gulf of Mexico and in the North Sea.

COTEMAR S.A. De C.V., has now exercised the first option unit awarded by COSCO. COTEMAR S.A. De C.V., was awarded altogether 2 options units in March last year when the first unit hull were contracted.

The ship is expected to be delivered in 1 year.