Cosco delivers drilling rig and bulk carrier

Nantong and Guangdong shipyards have successfully sent out orders this September.

In release to the Singapore Exchange, the Board of Directors of COSCO Corporation (Singapore) Limited (the "Company") announced that subsidiaries of the Company’s 51% owned COSCO Shipyard Group Co., Ltd have made two deliveries.

COSCO (Nantong) Shipyard Co., Ltd has delivered its new build deep water semi-submersible drilling rig “ISLAND INNOVATOR” to its Norwegian ship-owner. The deep water semi-submersible drilling rig measures 104.5 meters in LOA (length of all), 65 meters in breadth and 36.86 meters in depth.

Meanwhile, COSCO (Guangdong) Shipyard Co., Ltd has delivered a bulk carrier of 57000DWT, "ER MADEN", to its Asian buyer. The bulk carrier of 57000 DWT measures 189.99 meters in LOA (length of all), 32.26 meters in breadth and 18 meters in depth.

All the delivery documents were signed by and between the COSCO shipyards and the respective buyers in September 2012.

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