Dutch shipowner Vroon recently announced the order of two newbuilding platform-supply vessels (PSV), with an option for two additional vessels.

After an extensive tender process, contracts have now been signed for the vessels, which will be constructed at COSCO Guangdong Shipyard in China.

These new PX121-type PSVs will be delivered early in 2015 and are intended for operation in European waters by Vroon Offshore Services B.V. in Den Helder.

COSCO is presently also constructing four livestock carriers for Vroon at the same Shipyard.

Meanwhile, the Board of Directors of COSCO Corporation (Singapore) Limited also announced that two shipbuilding contracts signed by COSCO (Guangdong) Shipyard Co., Ltd, a subsidiary of the Company’s 51% owned subsidiary, COSCO Shipyard Group Co., Ltd, with a European ship owner for the construction of two PX121 Platform Supply Vessels (PSVs) have been made effective on 28 January 2013 at a value of approximately US$54 million in total.

Delivery of the above two vessels are expected in the first quarter of 2015.

Additionally, the ship owner has an option to render effective, within six months, two contracts for the construction of similar PX121 PSVs，valued at approximately US$54 million in total.