Shanghai: Cosco Corporation (Singapore) has announced that Cosco (Nantong) Shipyard, has secured contracts from a Singapore entity for the conversion of two semi-completed hulls to high-end floating accommodation units (FAUs) valued at over $170m each.
The units are scheduled for delivery 24 months after the contracts are declared effective. The contract for the first unit is effective and the contract for the second unit will be effective in six months time. [24/06/13]
