COSCO to build new 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.


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