COSCO Corporation announced today that COSCO (Nantong) Shipyard Co. Ltd. secured contracts from a Singapore firm for the conversion of two semi-completed hulls to high-end floating accommodation units valued at over USD $170 million each.
The contract for the first unit is effective.
The units are scheduled for delivery 24 months after the contracts are declared effective.
An announcement will be made when the contract for the second unit is rendered effective in six months’ time.
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