Cosco extends delivery date of jackup rig for an Asian company

Delivery date would be moved to March 30, 2018.

Singapore shipbuilder Cosco Corporation extended the deadline for the delivery of a jackup drilling rig signed between its subsidiary Cosco Shipyard Co. and an undisclosed Asian company.

The group said both parties have mutually agreed to
extend the delivery date of the Rig from 30 March 2017 to 30 March 2018. This was agreed upon taking into account the current unfavourable international marine market
conditions.

"In view of the rescheduling and the uncertainty as to when the Owner will take delivery of the Rig, it is not possible to ascertain the financial impact of the agreement for rescheduling at this point in time," Cosco said.

The group announced that it has snapped up the said deal back in October 17, 2013.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. 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