Cosco Singapore Secures $566M In Shipyard Contracts

Law360, New York (September 13, 2013, 1:03 PM EDT) -- The Singapore division of China-based conglomerate Cosco Group has secured roughly $366 million in new maritime energy services contracts and had a separate $200 million contract rendered effective, Cosco said Friday.

Cosco Corp. (Singapore) Ltd. said three of its shipyard subsidiaries have signed vessel manufacturing and services contracts totaling $366 million with a number of global energy companies. The identities of the energy firms, which are based in Europe and China, were not disclosed.

The most prominent contracts are for Cosco (Guangdong) Shipyard Co. Ltd., which...
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