COSCO bags US$230m worth of new deals

For projects due in 2016 and 2017.

COSCO Corporation recently announces that it has secured contracts valued at approximately USD230 million to build one (1) Floating Accommodation Unit (FAU) and one (1) Module Carrier.

The first contract is from a Singapore entity to build one (1) Floating Accommodation Unit (FAU) scheduled for delivery in 1Q2017. The buyer has also secured options for five (5) additional FAUs.

The contract under the first option cited in the announcement dated 12 September 2013 to build one (1) 21,000DWT Module Carrier for a European company has been rendered effective. The vessel is scheduled for delivery in 2Q2016.

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