COSCO Singapore higher on drilling rig deal with Sevan Marine

Posted on Jun 11th, 2008 with tags , , , , , , , , , , , , , , , , , , , , , .

Shares in China-based shipyard and bulk shipping operator Cosco Corp (Singapore) rose on Wednesday on news that its unit Cosco Shipyard Group has secured options to build six additional drilling units from Norwegian oil services group Sevan Marine ASA.

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