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Cosco shipyard and Sevan Drilling agree to further extend delivery of rig

Cosco (Qidong) Offshore and Sevan Drilling have agreed to a fourth extension over the delivery of a newbuild drilling rig named the Sevan Developer.

Lee Hong Liang, Asia Correspondent

June 2, 2017

1 Min Read

Kalyakan - stock.adobe.com

“The board wishes to announce that the rigowner and Cosco Qidong intend to extend the deferral period to 30 June 2017 to allow the parties to continue negotiations,” said Cosco Shipping International (Singapore) Co, parent of the Qidong shipyard.

The delivery of Sevan Developer was last extended for six months until 15 April 2017. The rig was originally due for delivery back in April 2014.

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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