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.
Sign up for gCaptain’s newsletter and never miss an update
Essential maritime and offshore news, insights, and updates delivered daily straight to your inbox
China has further cemented its dominance of global shipbuilding, capturing nearly three-quarters of new orders over the past year as the industry’s order book approaches record levels, according to new...
China's state-owned shipping giant COSCO rejected allegations it used concealed equipment on its vessels to collect intelligence for Beijing, calling the claims "totally unfounded" and false.
The Republic of Korea and the United States have officially launched the Korea–U.S. Shipbuilding Partnership Center (KUSPC) in Washington, D.C., establishing a new hub intended to accelerate joint efforts to...
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
