Rigs_and_Vessels

China takes over high-spec jack-ups abandoned by Singapore player

SinoOcean ready to continue fabricating and marketing abandoned CJ50 jack-ups, but no immediate financing and construction efforts being made

Takeover: Chinese government-owned SinoOcean is to continue fabricating and marketing four abandoned CJ50 units
Takeover: Chinese government-owned SinoOcean is to continue fabricating and marketing four abandoned CJ50 unitsPhoto: AFP/SCANPIX
  • Xu Yihe
Singapore
ChinaSinoOceanSouth China SeaAsia & OceaniaEast Asia
Published 31 March 2020, 11:48Updated 8 April 2020, 00:22