COSCO inks US$200m semi-submersible accommodation rig deal

It’s scheduled for delivery in Q12015.

According to a release, the Board of Directors of COSCO Corporation (Singapore) Limited is pleased to announce that the contract for one (1) unit of Harsh Environment Semi-Submersible Accommodation Rig, signed by COSCO Qidong Offshore Co., Ltd, a subsidiary of the Company’s 51% owned subsidiary, COSCO Shipyard Group Co., Ltd with Axis Offshore, a joint venture between Danish shipowner, J. Lauritzen and Norwegian private equity fund, HitecVision, has been made effective at a value of over US$200 million.

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