COSCO gains first FSO contracts

COSCO Corporation (Singapore) Limited announced Friday that its subsidiary COSCO Shipyard Group has gained the first batch of Floating Storage and Offloading Unit (FSO) new building and conversion contracts.
According to a statement issued by the company, the contracts, involving an FSO new building project, as well as conversions of six single-hull vessels and two heavy lift vessels, are worth 74.8 million U.S. dollars.