Chinese shipyard loses out on $US72M

CHINA'S COSCO Nantong shipyard has announced it will be $US72 million ($A87.6 million) out of pocket after it scrapped the construction of its Octabuoy offshore production platform.

Chinese shipyard loses out on $US72M Chinese shipyard loses out on $US72M Chinese shipyard loses out on $US72M Chinese shipyard loses out on $US72M Chinese shipyard loses out on $US72M

The platform was contracted by a UK subsidiary of ATP Oil & Gas in 2008. The US-based parent company subsequently filed for bankruptcy in 2012.

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