MODEC acquires VLCC from Chandris

MODEC acquires VLCC from Chandris

Japan-based floating production specialist MODEC has acquired the 2002-built VLCC Britanis from Greek owner Chandris, according to shipbroking sources.

The price of the crude tanker in the deal was not disclosed, however MSI values the vessel at $23.9m.

MODEC is expected to convert the VLCC into an FPSO and deploy it at the company’s Brazilian project with Petrobras.

MODEC currently operates a fleet of 22 floating production units and has another two under construction.

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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