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Cosco shipyard bags deal to build self-elevating workover unit

Cosco shipyard bags deal to build self-elevating workover unit
Cosco (Nantong) Shipyard has won an order to build one self-elevating workover unit for an Asian shipowner, with an option for one more similar unit.

The unit is scheduled for delivery in the third quarter of 2017. Financial details of the deal were not disclosed.

The option can be exercised by the shipowner at any time four months after but not later than six months of the construction contract.