The Board of Directors of COSCO Corporation (Singapore) Limited announces, that contracts each in excess of USD200 million, awarded to COSCO (Qidong) Offshore Co., Ltd., a subsidiary of the Company’s 51% owned subsidiary, COSCO Shipyard Group Co., Ltd. for the engineering, procurement and construction of two semi-submersible accommodation vessels have been declared effective, the company said in its press release.
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. This will allow for operations in both DP and anchored mode, provid ing maximum cost efficiency and flexibility. The vessels Safe Notos and Safe Eurus are scheduled for delivery in 2016.