Greater ChinaOffshoreOperations

Cosco ordering semi-submersible vessel at GSI

Cosco Shipping Specialized Carriers has announced a plan to order a 80,000 dwt semi-submersible heavy lift vessel at Guangzhou Shipyard International (GSI).

Cosco has allocated $123.8m for the newbuild contract.

The company said semi-submersible heavy lift vessel market will be a main development focus of the company in the next five years and vessel is expected to meet the growing demand from offshore oil and gas, LNG and offshore wind industry.

Cosco currently owns seven semi-submersible heavy lift vessels.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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