COSCO Nantong Shipyard, a subsidiary of Singapore-listed Cosco Corporation, has won a contract to build a $370m FPSO for an unspecified European company, SinoShipNews reports.
The FPSO will measure 78 min diameter, 32 m high and will have a storage capacity of up to 400,000 barrels of oil. The FPSO is scheduled for delivery in June 2015.