# Cadeler signs $345M contract with COSCO Heavy Industries for new jack-up vessel

Cadeler A/S signed a $345 million contract with COSCO Heavy Industries to build a new F-class jack-up foundation installation vessel, with delivery expected in Q4 2025.

- Type: Contract
- Announced: 2022-05-09
- Where: China
- Value: $345.0M
- Status: announced
- Products: jack-up foundation installation vessel
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [COSCO Heavy Industries](https://endata.com/companies/13478.md) (supplier)
- [Cadeler](https://endata.com/companies/13479.md) (customer)

## Sources

- [bw-group.com](https://bw-group.com/newsroom/articles/2022/05/cadeler-signs-345-million-usd-contract-with-cosco-heavy-industries-to-deliver-a-new-jack-up-foundation-installation-vessel/), 2022-05-09: "Cadeler announces the signing of a new contract with COSCO Heavy Industries to build a state-of-the-art F-class vessel to cater for the largest projects in the offshore industry."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.