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 worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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