Greater China

BW Offshore acquires TMT VLCC

Taipei: BW Offshore has acquired the financially troubled Taiwanese owner TMT’s tanker Blue Opal from Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) at a cost of $83.4m.

The 320,100dwt Blue Opal was originally named H Elephant and was built by DSME in 2012. The plan is now to convert it into an FPSO.  [03/01/14]

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