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SINGAPORE (Jan 9): Cosco Corp (S) has issued a profit warning for the FY14 ended Dec. The China-based shipbuilder and shipper said the company would show significantly lower earnings in FY14 compared to FY13. “This is mainly due to the steep fall in crude oil prices over recent months which has had an adverse impact on the global offshore marine industry and the one-off charge in respect of the Octabuoy hull and topside module project,” said Cosco in a regulator filing. ....
Just one week after China Cosco Shipping Heavy Industry finished construction on BP's new Tortue FPSO, Typhoon Muifa slammed into the Yangtze Rive. ....
FPSO embarks on its journey to Brazil with a few stops planned along the way offshore-energy.biz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from offshore-energy.biz Daily Mail and Mail on Sunday newspapers.
Yinson and Sumitomo have named the Petrobras-bound FPSO Anna Nery during a naming ceremony held concurrently in Jiangsu, China, and Kuala Lumpur, Malaysia. ....