Totem Plus Secures FPSO Contracts

Monday, February 12, 2007
Totem Plus, manufacturer of Marine automation and navigation systems, has secured a contract for the engineering, supply and installation of a comprehensive Tank Level Gauging system for a Floating Production Storage and Offloading (FPSO). The FPSO of 92,802T dwt is currently being retrofitted by Jurong shipyards (Singapore) for Tanker Pacific Offshore Terminals. The Tank Level Gauging system will integrate into one system several functions such as inert gas monitoring, cargo temperature monitoring, ballast and cargo level gauging, draft gauging, and stress and stability calculations.

Contracts

Banks Halt Support for Hanjin

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Finance

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Banks Halt Support for Hanjin

A bankruptcy would be biggest ever for a container shipper. Hanjin Shipping Co's banks are halting support for the South Korean company, its lead creditor said,

China Cosco Sinks into Red

Dragged by lackluster freight rates in the maritime transport market during the first half of 2016, China Cosco Holdings logged a 7.2 billion yuan ($1.07 billion) net loss for the January-June half,

 
 
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