Wednesday, June 26, 2019

Cosco Shipyard Group Co Ltd News

Offshore Accommodation Rig Order for COSCO

COSCO Corp. (Singapore} subsidiary COSCO Qidong Offshore Co to build the accommodation rig for European joint venture company. The contract, valued at US$200-million.is for the construction of a harsh environment semi-submersible accommodation rig for Axis Offshore, a joint venture between Danish shipowner, J. Lauritzen and Norwegian private equity fund, HitecVision. Signatory of the contract was COSCO Qidong Offshore Co., Ltd, a subsidiary of the Company’s 51% owned subsidiary, COSCO Shipyard Group Co., Ltd Delivery is scheduled for the first quarter of 2015.

FPSO Contract for COSCO

COSCO Corp. (Singapore) secures contract to construct a Floating Production Storage Offloading (FPSO) vessel in China. COSCO Nantong Shipyard Co. Ltd., a subsidiary of the Company’s 51% owned subsidiary, COSCO Shipyard Group Co. Ltd., has secured a contract valued over US$ 370-million from a European company to build a FPSO. The FPSO will measure 78 meters in diameter, 32 meters high and will have a storage capacity of up to 400,000 barrels of oil. The vessel is scheduled for delivery in June 2015.

COSCO Extends Partnership with Intergraph

Leading marine, offshore engineering & construction company COSCO chooses Intergraph's SmartMarine® Enterprise. COSCO Shipyard Group has extended its five-year master agreement with Intergraph®. The agreement strengthens the strategic partnership between COSCO and Intergraph and extends Intergraph's position within China's offshore market. Intergraph's SmartMarine Enterprise is an advanced, integrated offshore and shipbuilding solution, driving improvements in design efficiency, production schedule, handover, and overall life-cycle cost control for enhanced global competitiveness.

China Shipyards Deliver Three Bulk Carriers

COSCO Corporation (Singapore) announce deliveries of three bulk ships from its shipyards in China. Subsidiaries of the Company’s 51% owned COSCO Shipyard Group Co., Ltd have made the following deliveries: COSCO (Zhoushan) Shipyard Co., Ltd has delivered two bulk carriers of 57000 dwt, measuring 189.99 meters in LOA, 32.26 meters in breadth and 18 meters in depth. “OBSERVATOR” and “VOYAGER”, respectively to its European buyers. COSCO (Dalian) Shipyard Co., Ltd has delivered a bulk carrier of 57000 DWT, “GUOTOU 106”, to its Chinese buyer.

Offshore Wind Turbine Installation Vessel Order for COSCO

COSCO Shipyard Group Co., Ltd., has signed a contract valued over US$150 million with an European shipowner to build a vessel specially designed for the purpose of installation of offshore wind turbines. The construction will be the second jack-up vessel which COSCO will be building for the shipowner which 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 and will have a crane capacity of up to 900 tonnes. Delivery of the vessel to the shipowner is expected to take place in 2014.