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Corporate digest

Published Fri, Apr 7, 2017 · 09:50 PM

Cosco Corp

COSCO Corporation said that a unit of its shipyard subsidiary has agreed with a client to delay the delivery of two jack-up rigs under unfavourable international marine market conditions.

Cosco (Dalian) Shipyard Co, a subsidiary of Cosco Shipyard Co, reached a mutual agreement with Bermuda-based rig owner Northern Offshore Ltd to extend acceptances of two jack-ups, Energy Engager and Energy Encounter, to the end of September 2017 and the …

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