Maritime Giant with Norwegian Ties

The COSCO shipyards specialize in ship repair and conversions, offshore constructions and new-building. The COSCO Shipyard Group have longstanding relations with Norway through repairs, offshore constructions and newbuildings for Norwegian ship owners, including the advanced EPCI completion of semi-submersible drilling rig ‘SEVAN DRILLER’ built for Sevan Marine ASA. The Sevan Driller has commenced operations for Petrobras S.A. in June 2010 under a six year fixed term charter contract.

COSCO (Guangdong) Shipyard is currently negotiating with Norwegian owners on offshore support vessels construction contracts, and has recently taken on to build 1+1 supply vessels of Norwegian PX106 Ulstein design for German owners. – The combination of Norwegian ship design and effective and competent Chinese yards is becoming a proven formula for success. Such Sino-Norwegian partnerships are precisely what we seek to encourage, says Tormod C. Endresen.