COSCO (Qidong) Offshore Co. , Ltd, a subsidiary of the Company's 51% owned subsidiary, COSCO Shipyard Grou p Co., Ltd, has secured a Letter of Intent from a subsidiary of Prosafe SE, a company listed on the Oslo Stock Exchange, for the engineering, procurement and construction of 2 (two) semi-submersible accommodation vessels with options for 4 (four) more units, the company said in its press release.
The Letter of Intent covers two potential contracts, each in excess of USD200 m illion. The vessels will be of Gusto MSC Ocean 500 design a nd will be equipped with 500 beds, DP3 station keeping systems, 10-point chain mooring and 300 ton cranes. The vessels are scheduled for delivery in 2016. COSCO will make further announcements when the contracts are awarded or rendered effective.