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Cosco yard wins $340m conversion job

Cosco yard wins $340m conversion job
Cosco (Nantong) Shipyard clinched orders worth over $340m to convert two semi-completed hulls to high-end floating accommodation units.

The units, ordered by an unnamed Singapore company, will be delivered 24 months after the contracts are declared effective.

The contract for the first unit is effective while the second contract will be effective in six months' time, according to Cosco Corporation (Singapore).