COSCO Corporation (Singapore) announced 2Q 2014 results
Singapore Exchange mainboard-listed COSCO Corporation (Singapore) Limited a leading ship repair & marine engineering and shipping group, today announced its 2nd quarter financial results for the 3 months ended 30 June 2014. Group turnover increased 28.8% to $1.1 billion in Q2 2014 from $890.3 million in Q2 2013 supported by the increase in shipyard revenue. Turnover from shipyard operations increased 29.3% to $1.1 billion in Q2 2014 from $877.2 million in Q2 2013 mainly on higher revenue contributions from ship repair, ship building and marine engineering segments. The Group delivered 3 bulk
COSCO Deliver Offshore Tender Rig 'T-15'
COSCO Corporation (Singapore) subsidiary COSCO (Nantong) Shipyard Co., Ltd deliver a tender rig to Seadrill. The tender rig is designed to be placed in close proximity to an oil platform in order to assist in drilling operations. The new delivery is named 'T-15', and the delivery documents were signed by and between COSCO Nantong and Seadrill on 18 December 2012.