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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