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Cosco yards delay deliveries for two accommodation unitsCosco yards delay deliveries for two accommodation units

Two shipyards under Cosco Shipyard Group have pushed back the delivery dates for two converted high-end floating accommodation unit (FAU) at the customer’s request.

Lee Hong Liang, Asia Correspondent

August 6, 2015

1 Min Read
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Cosco (Nantong) Shipyard said the delivery date of a FAU built at its yard will be extended for a period of not more than 12 months from its original delivery date of October 2015.

The delayed FAU is the second of two units ordered by the shipowner for construction at Nantong facility, and the first unit has been delivered. The FAUs are converted from semi-completed hulls.

During the extension period, the shipowner will pay all expenses and interests on the final instalment payment for the FAU until its delivery.

At Cosco (Qidong) Offshore, the same shipowner has also requested to extend the delivery of the third FAU it ordered by 120 days to the second quarter of 2017.

The latest extension to delivery dates over offshore units followed earlier announcements over delayed deliveries for a jack-up drilling rig and a floating accommodation vessel at the Nantong yard, and an accommodation rig at Qidong yard.

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.

 

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