COSCO (Zhoushan) Shipyard Co., Ltd., a subsidiary of the Company’s 51% owned subsidiary COSCO Shipyard Group Co., Ltd. , has secured a contract from a European company to build a 152,000 DWT shuttle tanker, the company said in its press release.
The shuttle tanker is scheduled for delivery in the 1 st quarter 2017. Separately, the contract awarded to COSCO (Dalian) Shipyard Co., Ltd., a subsidiary of the Company’s 51% owned subsidiary COSCO Shipyard Group Co., Ltd., under the second option cited in the announcement dated 12 September 2013 to build one 21,000 DWT module carrier for a European company has been rendered effective. The delivery of the module carrier is scheduled in the 1 st quarter of 2017.