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25 November 2013 Our announcement dated 8 November 2013 refers. The Board of Directors of COSCO Corporation (Singapore) Limited (the “Company”) wishes to announce that contracts each in excess of USD200 million, awarded to COSCO (Qidong) Offshore Co., Ltd., a subsidiary of the Company’s 51% owned subsidiary, COSCO Shipyard Group Co., Ltd. for the engineering, procurement and construction of two (2) semi-submersible accommodation vessels have been declared effective. The vessels will be of Gusto MSC Ocean 500 design and will be equipped with 500 beds, DP3 station keeping systems, 10-point chain mooring and 300 ton cranes. This will allow for operations in both DP and anchored mode, providing maximum cost efficiency and flexibility. The vessels Safe Notos and Safe Eurus are scheduled for delivery in 2016. Save for their respective shareholdings in the Company, none of the directors or controlling shareholders of the Company has any interest, direct or indirect in the contracts. Barring any unforeseen circumstances, the contracts are not expected to have a material impact on the net tangible assets and earnings per share of the Company for the year ending 31 December 2013. By Order of the Board Wu Zi Heng Vice Chairman and President 25 November 2013 Cosco Corporation (Singapore) Limited, press release |
