Monday, December 24, 2012

[Ship Building] COSCO to miss sales target

COSCO to miss sales target

COSCO Corp (Singapore), which owns COSCO Shipyard Group in China, is coming up short of full year order target despite its latest deal to build a cylindrical FPSO.

Kim Eng Maybank says the $370m contract with a European customer will still leave it well shy of securing the $2bn worth of orders it had aimed at for 2012 new order-intakes.

Including the latest FPSO order, COSCO has yet to reach $1.6bn orders year to date.



Published : December 20, 2012


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