COSCO Denies Its Ships Collected Intelligence for Beijing
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.
Ulstein PX121 file image, (c) Ulstein
COSCO Corporation announced today the signing of contracts with a undisclosed shipowners for four emergency response – field support vessels (FSVs) and a pair of Ulstein-designed PX121 platform supply vessels.
The total value of the contracts is approximately USD $100 million.
The FSVs will be built at COSCO (Dalian) shipyard and the PX121s are to be built at COSCO (Guangdong). All are scheduled to be delivered in the 1st half of 2016.
COSCO notes the European shipowner who has ordered the PX121s has a 6-month option to order two additional PS121 PSVs.
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