The Board of Directors of COSCO Corp. (Singapore) has announced that COSCO (Nantong) Shipyard Co. Ltd, a subsidiary of the Company’s 51% owned subsidiary, COSCO Shipyard Group Co. Ltd, has secured a contract valued over USD 220 million from an Asian company to build two Self Propelled Pipelay Heavylift Offshore Construction Vessels. The vessels are scheduled for delivery in the fourth quarter of 2013 and the first quarter of 2014 respectively.
