Guangzhou Shipyard International (GSI) has announced that it has signed a shipbuilding contract with Cosco Shipping for the construction of a 90,000dwt semi-submersible vessel.

The vessel will be equipped with DP2 system, and will be delivered in the fourth quarter of 2016.

Cosco Shipping is currently operating six semi-submersible vessels with a total capacity of 210,000dwt.