Greater China

COSCO announces options for four PSVs

Singapore: COSCO Corporation announced that COSCO Shipyard Group has been awarded four options by a Singapore-based company for the construction of four platform supply vessels with total contract value of about $120m.

The vessels are scheduled for delivery from the second quarter of 2016 to the first quarter of 2017. The shipowner has also secured options for two additional vessels of the same type.

Gautam Chelleram, the head of Singapore's OSV owner Chellsea, confirmed to SinoShip News his company was behind the orders.[27/05/14]

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