FPSO MODEC Venture 11, image: MODEC
SINGAPORE–Rig builder Keppel Corp. (BN4.SG) said Wednesday that its Keppel FELS Brasil unit has secured a floating production storage and offloading vessel contract valued at US$200 million.
In a filing to the Singapore Exchange, Keppel said that the contract was placed by Modec & Toyo Offshore Production Systems Pte. Ltd., a joint venture company established in Singapore by Toyo Engineering Corp. (6330.TO) and Modec Inc. (6269.TO).
The vessel is scheduled to be completed by the second quarter of 2014.
– P.R. Venkat, Dow Jones Newswires
Sign up for gCaptain’s newsletter and never miss an update
Essential maritime and offshore news, insights, and updates delivered daily straight to your inbox
By Subrat Patnaik Apr 12, 2025 (Bloomberg) –US President Donald Trump’s administration is planning an executive order to allow the stockpiling of critical metals from the Pacific seabed, according to the...
April 9 (Reuters) – A company controlled by Hong Kong-based CK Hutchison has invested $1.7 billion in two ports near the Panama Canal, it said on Wednesday, surpassing the amount required under its contract, which is...
China retaliated against new tariffs imposed by President Donald Trump by announcing it would raise duties on US goods, roiling markets and deepening a trade war between the world’s largest economies.
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
Stay informed with the latest maritime and offshore news, delivered daily straight to your inbox
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
