Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Cosco shipyard secures FPSO conversion contract

Cosco shipyard secures FPSO conversion contract
Cosco (Dalian) Shipyard has clinched a conversion contract for a FPSO worth approximately $95m from MODEC Offshore Production Systems (Singapore).

The converted FPSO vessel is scheduled for delivery in the fourth quarter of 2016, the Chinese shipbuilder announced.

The state-owned group said the contract is not expected to have any material impact on its earnings for the year ending 31 December 2015.