Cosco Bags Contract for 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.