Cosco Corporation (Singapore) Limited announced the winning of two shipbuilding contracts signed by Cosco (Guangdong) Shipyard with an European shipowner.
The contract involves building two platform supply vessels (PSVs) at a total value of approximately $54m.
The two offshore vessels are scheduled to be delivered in the first quarter of 2015.
The shipowner has an option to render effective, within six months, for two more similar PSVs at about $54m in total as well.