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Annual Report 2014
Inside COSCO and Corporate Citizenship
As one of the majors in the marine industry, COSCO
is mindful that innovation is vital to eventual success
in the ever-changing and dynamic maritime sector.
Our extensive research and development efforts have
enabled us to produce innovative solutions, as we seek
to enhance our broad range of modern shipbuilding and
marine engineering capabilities.
Spearheading the research and development (R&D)
activities is our COSCO Shipyard Technology Centre.
With satellite offices in our COSCO Shipyard Group
headquarters and various shipyards, it staffs over 1,600
research professionals. The Technology Centre primarily
engages in the R&D of oil and gas-related products and
technologies. It also undertakes design of specialised
vessels and marine engineering products. The R&D
Centres in Nantong and Qidong shipyards, designated
as National Level Training Centres in 2011 and 2013
respectively, designs marine engineering projects, such
as cylindrical rigs, semi-submersible rigs, FPSOs and
wind turbine installation vessels.
At Dalian Shipyard Technology Centre, the team
engages in design work for FPSO conversion, jack-up
rigs, LNG carriers and platform support vessels, among
other things. Concurrently, our supporting enterprises
work together with the shipyards to develop designs of
complementary products such as the jack-up drilling
platform’s lift system and single-point mooring systems.
With dedicated R&D capabilities, we endeavour to
manufacture and patent innovative, efficient, reliable
and industry-leading products. These activities augment
our core operations, allowing us to offer more value-add
in our services.
R&D Endeavours in 2014
Despite challenging business, operational and global
economic conditions throughout the year, COSCO was
able to secure various contracts spanning ship repair,
ship building and marine engineering. This is a testament
to our range of modern expertise.
In March 2014, our COSCO Nantong Shipyard delivered
a pipelay heavy lift vessel to SapuraKencana Petroleum
in Malaysia. Named “SapuraKencana 1200”, the vessel
is designed for operations in oil piping processing, laying,
installation, and heavy lifting. Classed by the American
Bureau of Shipping (ABS), this vessel is equipped with
a DP3 dynamic positioning system which allows heavy-
lifting installation of large-scale offshore structures like
platform blocks, modules and jackets, as well as S-type
pipe laying operations in water depths of up to 1,500
metres. With a design draft of 7.5 metres and a lifting
capacity of 1,300 tonnes, “SapuraKencana 1200” also
operates in shallow waters of up to 200 metres with a
ten-point mooring system.
Research and
Development
