Greater China

Jiangsu New Yangzi builds offshore reputation

Shanghai: State run newswire Xinhua has reported that Jiangsu New Yangzi, a yard under Yanzgzijiang Shipbuilding, has signed a newbuilding contract worth around $2bn with a Singaporean drilling operator on February 7.

Last month the same yard firmed up contracts for two units of Moss CS50 semi-submersible drilling platforms plus two options with Singapore’s Primepoint.

Meanwhile, the builder’s first offshore project, construction of Super 116E jackup drilling platform, has already commenced. Its launching is scheduled in March, 2015, while delivery is planned in August.  [11/02/14]

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