Cosco Bags Contract for Trailing Suction Hopper Dredger
By Aiswarya Lakshmi
Wednesday, February 3, 2016
COSCO (Guangdong) Shipyard Co., Ltd, has secured a contract from a European buyer to build one 15, 000m 3 Trailing Suction Hopper Dredger.
The Singapore-listed shipbuilder COSCO Guangdong and the buyer have agreed to keep the contract price confidential.
The vessel, to be built at its Guangdong yard, is scheduled for delivery in the second quarter of 2018.
Barring any unforeseen circumstances, the 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 2016.