MAY 10, 2013 — China's COSCO (Zhoushan) Shipyard Co., Ltd. (left) has won a contract worth over $23 million from a Malaysian shipowner covering construction of a float over launch barge.

The float over launch barge will measure 10.00 meters high, 38/46 meters wide, 160 meters long and will be capable of transporting and performing float over operations of offshore topside modules structures weighing up to 14,500 tons. It will also be capable of launching jackets up to 20,000 tons.

Delivery of the float over launch barge to the shipowner is expected to take place in the last quarter of 2013.