Cosco bags $200m accommodation rig newbuild
Cosco Shipyard Group is making further gains in the offshore sector with a contract for a semi-submersible accommodation rig from a J. Lauritzen joint venture, Seatrade Asia online reports.
Cosco Qidong Offshore is to build a $200m harsh environment semi-submersible accommodation rig for Axis Offshore, a joint venture between J. Lauritzen and Norwegian private equity fund HitecVision.
This rig will be built to Global Maritime’s design, GM500A and will have a capacity of 500 POB, DP3 Dynamic Positioning system and is designed to operate in the harsh environment in the North Sea. The rig is due for delivery in the first quarter of 2015.
The contract is not yet effective but is expected to be made so within three months.