COSCO to build new FPSO

Dec. 18, 2012
The COSCO Nantong Shipyard Co. Ltd. (SI:COSC) has secured a $370-million contract to build an FPSO.

Offshore staff

SINGAPORE –The COSCO Nantong Shipyard Co. Ltd. (SI:COSC) has secured a $370-million contract to build an FPSO.

The vessel, scheduled for delivery in June 2015, will have a storage capacity of 400,000 bbl of oil.

Aside from being European, COSCO did not reveal the buyer's name.

12/18/2012