Cosco Shipyard secures research vessel order

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.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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