Overseas Shipholding To Charter Two Tankers To Petrobras America

Monday, October 08, 2007
Overseas Shipholding Group, Inc. (OSG) revealed that it has entered into a definitive agreement to charter two 46,000 dwt Jones Act tankers to Petrobras America, Inc. a unit of Petroleo Brasileiro S.A. (PBR, PBRA). The company said that it would provide shuttle tanker services from a Floating Production Storage and Offloading facility, or FPSO. Wherever pipeline infrastructure is too costly, FPSOs and shuttle tankers are a cost-effective means of transporting offshore oil. Overseas Shipholding would convert to shuttle tankers two of the 12 product tankers that it has ordered from Aker Philadelphia Shipyard. The delivery of converted shuttle tankers to Petrobras is anticipated to occur in the first quarters of 2010 and 2011. [Source: http://www.tradingmarkets.com]
Maritime Reporter October 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


Ocean Installer in BP frame deal

Ocean Installer has been awarded a Regional Framework Agreement with BP for subsea work in the Gulf of Mexico region.   The agreement covers subsea fabrication,

Ulstein Debuts DP Construction Vessel

With the ULSTEIN S182 design, ULSTEIN introduces a new dynamically positioned multipurpose construction vessel suitable for shallow water operations. Main design

USCG Repatriates 12 Migrants

The crew of the Coast Guard Cutter Confidence repatriated 12 Cuban migrants to Bahia de Cabañas, Cuba, Saturday. While on routine patrol a Coast Guard aircraft

Tanker Trends

Gas Carrier Concept Stems from Bulker Design

Deltamarin Ltd and Brevik Technology AS, a VARD affiliate, have joined forces to develop a novel multigas carrier design concept that combines the design of Deltamarin’s B.

Poland: First LNG Shipment due in Nov-Dec

Poland expects to receive its first cargo of liquefied natural gas at its new LNG terminal at the end of November or early December, the treasury minister was quoted as saying on Sunday.

Poland Expects First LNG Shipment Next Month

As Świnoujście terminal which is designed to reduce Poland’s dependence on natural gas imported from Russia is at the final stage, Poland expects to receive its

Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1162 sec (9 req/sec)