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BW Offshore has reported an increase in profit from $17.7m to $40.4m in the third quarter as utilisation and rates remained high.

FPSO outfit BW Offshore has signed a 10-year, $800m secured bank loan for its Catcher FPSO project.

BW Offshore has revealed itself as the buyer of a 2012-built VLCC ordered by Today Makes Tomorrow (TMT) at Daewoo Shipbuilding and Marine Engineering (DSME).

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