COSCO (Dalian) Shipyard Co., a subsidiary of COSCO Corporation's 51% owned subsidiary, COSCO Shipyard Group Co., has secured contracts worth more than US$470 million, excluding owner-furnished equipment, from Maersk Supply Service (part of the A.P. Moller-Maersk Group) to build four subsea supply vessels.
MSS has also secured options for two additional subsea supply vessels.
The vessels are scheduled for delivery in 4Q 2016 and 1H 2017 respectively.