Cosco Shipyard secures FPSO conversion contract

Cosco Shipyard secures FPSO conversion contract

Dalian: Singapore-listed Cosco Corporation has announced that its subsidiary Cosco Dalian Shipyard has secured a conversion contract for a floating production storage and offloading (FPSO) vessel from MODEC Offshore Production Systems (Singapore). Total value of the contract is about $95m.

The converted FPSO vessel is scheduled for delivery in the fourth quarter of 2016.

MODEC is a general contractor specialising in engineering, procurement, construction and installation of floating production systems including FPSO vessels, FSO vessels, tension leg platforms, production semi-submersibles and mobile offshore production units.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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