Cosco Corp's yard affiliate bags FSRU module contract

A YARD affiliate of Cosco Corporation (S) has won a contract to build a module for a floating storage regasification unit (FSRU).

Cosco (Qidong) Shipyard Co, a subsidiary of Cosco Corp's 51 per cent subsidiary Cosco Shipyard Group Co, has entered into an agreement with a European buyer for the construction of the FSRU module.

Cosco Corp did not identify the European buyer or disclose the contract price, which is said to be confidential.

Delivery of the module is scheduled for the first quarter of 2018.