Cosco seals PSV quartet

Singapore-listed yard group Cosco Corp has firmed up four supply ship newbuildings for a Singapore owner.
Chellsea: up to six more?

Chellsea: up to six more?

The contracts are worth $120m for its Guangdong yard, it said.

It did not name the owner, but it looks likely to be Chellsea, which ordered two PSVs at Guangdong last year, declaring two of six options earlier in February.

The owner has also added two more options as part of the new deal.

This gives it a potential series of 10 vessels.

The latest four are set for delivery from the second quarter of 2016 to the first quarter of 2017.

  • Cosco sees PSV deal grow

    Cosco Corp (Singapore) has seen contracts for two platform supply vessels (PSVs) firmed up.
  • Chellsea’s PSV pledge

    Singapore owner Chellsea has made good on its pledge of expanding its offshore fleet with an order for up to six supply ships in China.