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Cosco enters into another rig delivery extension agreement

PC Lee Published on Tue, Nov 01, 2016 / 6:15 PM GMT+8

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SINGAPORE (Nov 1): Cosco Corp (Singapore) has agreed to push back the delivery date of semi-submersible rig for another customer.

Cosco Qidong Offshore Co., a subsidiary of the Cosco Corp’s 51% owned subsidiary, Cosco Shipyard Group Co., arrived at an agreement with shipowner Axis Vega Singapore to extend the delivery date of the semi-submersible accommodation rig to Aug 20, 2017 from March 10, 2016.

(See also: One extension, one termination and one breach for Cosco)

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