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Cosco down on rig delivery delays

Customer asks for nine-month postponement for 2 rigs

Published Wed, Apr 1, 2015 · 09:50 PM

Singapore

SHARES of shipbuilder Cosco Corp slipped on Wednesday after it said that a customer had asked for two jack-up rig deliveries to be delayed nine months. Negotiations over an Iran oil deal may also have dampened the share price.

The stock, which fell one Singapore cent, or 1.98 per cent, to 49.5 Singapore cents on 2.49 million …

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Companies & Markets

Companies & Markets

Cosco down on rig delivery delays

Companies & Markets

Meta releases early versions of its Llama 3 AI model

Seatrium unit ordered to pay US$108 million in arbitration over equipment supply contracts

TSMC estimates losses of US$92.4 million due to Taiwan earthquake

Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom

US: Wall St opens higher as some chip stocks bounce back after selloff

Valuations for office Reits lag counterparts, but re-rating may face uncertainty

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