Page 28 - ar2013.pdf

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COSCO Corporation (Singapore) Limited
We also continued growing our presence in the area
of accommodation vessels, securing six projects
over 2013. Of note would be a contract valued at
more than US$200 million for one semi-submersible
accommodation rig. In November, we secured two
contracts each in excess of US$200 million. These
are for the construction of two semi-submersible
accommodation vessels, with options for four more
units. Scheduled for delivery in 2016, 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 tonne
cranes.
We entered the offshore marine engineering market
in 2006 and have gradually grown our presence.
Nonetheless, we expect to incur higher costs in the
execution of new product types. Despite this,we aim
to continue developing our capabilities in this area
even amidst an environment of increasing players in
the offshore marine engineering field.
Operat i ons and F i nanc i a l Rev i ew
SHIP REPAIR, SHIP BUILDING
ANDOFFSHOREMARINE ENGINEERING
TYPES OFVESSELS REPAIRED IN FY2013
BY NUMBER OFVESSELS
Tankers
7%
Chemical Ships
12%
Others
12%
Containers Ships
12%
Bulk Carriers
57%
Ship Repair
10%
Ship Building
13%
Marine
Engineering
70%
SHIPYARD REVENUE IN FY2013
BYTYPE OF JOB
Ship Conversion
7%