COSCO (Guangdong) Shipyard Co., Ltd, a subsidiary of the Company’s 51% owned subsidiary, COSCO Shipyard Grou p Co., Ltd, has secured a contract valued at approximately USD30 million from a European buyer to build one (1) 4500 square meters Livestock Carrier, the company said in its press release.
The Livestock Carrier is scheduled for delivery in the second quarter of 2016. Additionally, the ship owner has an option to render effective, within six months, one contract for the construction of a similar vessel.