Cosco Secures Contract For Two Bulk Carriers
28 November 2012
The Board of Directors of COSCO Corporation (Singapore) Limited (the
"Company") is pleased to announce that COSCO (Guangdong) 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 two bulk
carriers of 35,500 dwt each. Both vessels are scheduled for delivery in the
second half of 2014. The total contract value for the above two bulk carriers is
over US$41 million.
None of the directors or controlling shareholders of the Company has any
interest, direct or indirect in the contracts.
The above contract is not expected to have a material impact on the net tangible
assets and earnings per share of the Company for the year ending 31 December
2012.
Cosco Corporation (Singapore) Limited, press release
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