The company's 51% owned subsidiary Cosco (Guangdong) Shipyard will deliver the four vessels by early 2014.
In addition, the US shipowner has options to declare up to another six contracts for the construction of similar PSVs worth over $160m in total.
Singapore-listed Cosco Corp said the declared contracts are not expected to have a material impact on the net tangible assets and earnings per share of the company for the financial year ending 31 December 2012.
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