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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.

Lee Hong Liang, Asia Correspondent

November 25, 2013

1 Min Read

Kalyakan - stock.adobe.com

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.

About the Author

Lee Hong Liang

Asia Correspondent

Singapore-based Lee Hong Liang provides a significant boost to daily coverage of the Asian shipping markets, as well as bringing with him an in-depth specialist knowledge of the bunkering markets.

Throughout Hong Liang’s 14-year career as a maritime journalist, he has reported ‘live’ news from conferences, conducted one-on-one interviews with top officials, and had the ability to write hard news and featured stories.

See more from Lee Hong Liang

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