The Singapore-listed Chinese yard group said poor market conditions have made it difficult to offload the unit that was ordered for a project east of Shetland.
ATP’s order for the semi-submersible Octabuoy concept at Cosco’s Nantong shipyard for its Cheviot oilfield development was chopped after Houston-based parent ATP Corporation went bankrupt.
Cosco said inJuly the hull was 96% complete and the topsides almost 48% complete.
The
