$105 million in Cosco contracts now active

It covers the delivery of four vessels by its Chinese subsidiary to an American shypyard starting early 2014.

Another six contracts valued at $160 million have also been lined up with optios for declaration starting March 13, 2013.

"The Board of Directors of COSCO Corporation (Singapore) Limited (the “Company”) is pleased to announce that four shipbuilding contracts signed by COSCO (Guangdong) Shipyard Co., Ltd (a subsidiary of the Company’s 51% owned subsidiary, COSCO Shipyard Group Co., Ltd) with an American ship owner for the construction of four UT 771 CDL Platform Supply Vessels (“PSVs”) have been made effective on 15 March 2012 at a value of over US$ 105 million in total," said COSCO in a release.

"Delivery of the above four vessels is expected to commence in early 2014. In addition, commencing 15 March 2013, the ship owner has options to declare up to another six contracts for the construction of the same UT 771 CDL PSVs, which have a value of over US$ 160 million in total. The Company will make announcements as and when the shipbuilding contracts subject to such options are declared effective," it added.

"None of the directors or controlling shareholders of the Company has any interest, direct or indirect in the contracts. The above four contracts that have been declared effective are not expected to have a material impact on the net tangible assets and earnings per share of the Company for the financial year ending 31 December 2012," it said further.

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia