Vietnam shipyard builds oil tank for PetroVietnam

Vietnamese state-owned shipyard Vinashin has clinched a US$110 million order for a floating storage and offloading (FSO) unit for an affiliate of state giant PetroVietnam.

Under an agreement signed Monday between Vinashin and Petroleum Technical Service Company (PTSC), FSO-05 will be designed to have a loading capacity of 150,000 tons and handle 15,000 tons of oil a day.