Cosco Corporation (Singapore) secured a contract with Energy Drilling to build two units of self erecting drilling tender barges valued at over $220m with an option for two more units, Seatrade Asia online reports. The two barges are scheduled to be delivered in the second quarter of 2014 through Cosco Corp's subsidiary Cosco Shipyard Group.
The barges will be made to advanced specifications and will be equipped with heavy lift cranes with a working load of 400 metric tonnes. They will be able to operate in deepwaters of up to 6,000 feet and in shallow waters of up to 700 feet.
Singapore-listed Cosco Corp said the contract is not expected to have a material impact on its net tangible assets and earnings per share for the year ending 31 December 2012.
The barges will be made to advanced specifications and will be equipped with heavy lift cranes with a working load of 400 metric tonnes. They will be able to operate in deepwaters of up to 6,000 feet and in shallow waters of up to 700 feet.
Singapore-listed Cosco Corp said the contract is not expected to have a material impact on its net tangible assets and earnings per share for the year ending 31 December 2012.
