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MODEC, MOL, Mitsui and Marubeni agree FPSO investment

MODEC, Mitsui OSK Line (MOL), Mitsui & Co and Marubeni have agreed to invest in an FPSO for a MODEC promoted project in Brazil.

Marcus Hand, Editor

December 18, 2013

1 Min Read
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Under the terms of agreements signed on Wednesday Mitsui, MOL and Marubeni Carioca MV27 which signed a 20-year charter deal for an FPSO for the BM-S-9 Consortium, which comprises Petrobras, BG Group and Repsol Sinopec Brasil.

The vessel to be named FPSO Cidade de Caraguatatuba MV27 will be deployed in the BM-S-9 block offshore Brazil in the third quarter of 2016.

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About the Author

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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