Company Briefs
Cosco yards secure contracts
COSCO Corporation (Singapore) said yesterday that Cosco (Dalian) Shipyard has secured contracts worth more than US$470 million to build four subsea supply vessels. The contracts, which exclude owner-furnished equipment from Maersk Supply Service, a part of AP Moller-Maersk Group, come with options for two more vessels. Separately, Cosco (Zhoushan) Shipyard has won a contract worth over US$56 million from an Asian buyer to build two 64,000 DWT bulk carriers. Both the yards are subsidiaries of the company's 51 per cent owned unit, Cosco Shipyard Group.
Global Logistic bags new lease agreements
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