Greater ChinaShipyards
Cosco Shipyard secures research vessel order
Shanghai: Singapore-listed Cosco Corporation has announced that Cosco Guangdong Shipyard has entered into a contract valued over RMB129m ($20.78m) from an unnamed Asian buyer for the construction of a research vessel.
The vessel is expected to be delivered in the fourth quarter of 2017.
Cosco Guangdong Shipyard received its first ever research vessel conversion contract from Guangzhou Geological Survey at the end of May.
Cosco Shipyard reported a net profit of $0.58m for the first quarter of 2015, a sharp decline of 94% year-on-year.