Maersk awards Cosco USD 470m subsea vessels contract

Submitted by Paddy Harris on Wed, 2014-08-13 11:14

13th August 2014

Cosco Corporation has announced that Cosco (Dalian) Shipyard, a subsidiary of the company, has secured contracts valued over USD 470m from Maersk to supply four subsea supply vessels

Maersk awards Cosco USD 470m subsea vessels contract

The vessels are scheduled for delivery in latter half of 2016 and the first half of 2017 respectively.

Maersk Supply Service (MSS) has also secured options for two additional subsea supply vessels.

The vessels are scheduled for delivery in latter half of 2016 and the first half of 2017 respectively.

Save for their respective shareholdings in the company, none of the directors or controlling shareholders of the Company has any interest, direct or indirect in the contracts.