China’s Cosco Shipyard Group has received two contracts, worth $100m, for the construction of emergency response / rescue / field support vessels (ERRV), as well as PX121 platform supply vessels (PSV).

"Under the first contract, Cosco (Guangdong) Shipyard will construct four emergency ERRVs for an Asian company, which are expected to be delivered in the first half of 2016."

Under the first contract, Cosco (Guangdong) Shipyard will construct four emergency ERRVs for an Asian company, which are expected to be delivered in the first half of 2016.

As part of the second contract, COSCO (Guangdong) Shipyard will develop two PX121 PSVs for a European ship owner, which are scheduled to be delivered in the first and second quarters of 2016 respectively.

The contract also includes an option to render effective, within six months, two contracts for the construction of similar PX121 PSVs.

COSCO Corporation (Singapore) operates one of the largest ship repair, ship building and offshore marine engineering operations in China.

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