Cosco Corp Unit Signs US$130 Million Deal To Build New Vessel
July 12 2010 - 8:14PM
Dow Jones News
Cosco Corp. (Singapore) Ltd. (F83.SG) Tuesday said its unit has
signed a contract valued at over US$130 million with an European
ship owner to build a vessel designed for installation of offshore
wind turbines.
Cosco Shipyard Group Co. Ltd., a 51% subsidiary of Cosco, is
expected to deliver the vessel in the second half of 2012, it said
in a statement to the Singapore Exchange, without identifying the
customer.
The jack-up vessel will be designed to be able to carry 8 to 10
wind turbines at a time to operate at water depths of up to 45
meters, the statement said.
-By Gaurav Raghuvanshi; Dow Jones Newswires; +65 64154 154;
gaurav.raghuvanshi@dowjones.com
Cosco Shipping Internati... (PK) (USOTC:CSCMY)
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