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COSCO secures contract valued over $370 million for one (1) unit FPSO


Published Dec 19, 2012
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COSCO Corporation (Singapore) Limited

The Board of Directors of COSCO Corporation (Singapore) Limited says that 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 USD370 million from a European company to build one (1) 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 FPSO is scheduled for delivery in June 2015.

Tags: COSCO Shipyard



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