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Cosco confirms $400m deal with Prosafe

Cosco confirms $400m deal with Prosafe
Cosco Corporation (Singapore) has confirmed $400m worth of orders for the engineering, procurement and construction of two semi-submersible accommodation vessels for Norwegian owner Prosafe.

Prosafe will pay $200m each for the accommodation vessels, which are scheduled to be delivered from Cosco (Qidong) Offshore in 2016.

The deal comes with an option for four further similar units.

The vessels, named Safe Notos and Safe Eurus, will be of Gusto MSC Ocean 500 design and be equipped with 500 beds, DP3 station keeping systems, 10-point chain mooring and 300-tonne cranes.

Cosco Corp said the designs will allow for operations in both DP and anchored mode, providing maximum cost efficiency and flexibility.