Singapore-listed COSCO Corporation says that four shipbuilding contracts signed by its COSCO Shipyard Co. located in Guangdong, China with a so far undisclosed American shipowner have been made effective.
The order calls for the construction of four Platform Supply Vessels based on Rolls-Royce’s popular UT 700 series design (specifically UT 771 CDL), and is valued at approximately $105 million. In addition to the four PSV’s, COSCO says that the shipowner has the option to construct an additional six vessels of the same UT design for an added $160 million in total.
Delivery of the four vessels is expected to commence in early 2014.
Since the first UT 700 series was delivered in the mid-seventies, more than 500 UT design vessels have gone into service or are on order worldwide. Increasingly efficient hull designs, diesel-electric propulsion technology, and design solutions that minimize environmental impact and improve crew comfort and safety are all considered hallmarks of the newer models of the UT design from Rolls-Royce.