ABS Awards AIP for OceanSTAR’s FSO Design
Classification society ABS said it has granted an approval in principle (AIP) to OceanSTAR Marine & Offshore Investment Pte. Ltd., for its newbuild floating storage and offloading (FSO) design.The OceanSTAR FSO-01 is a shipshape hull design specifically developed to cater to midsize FSOs with a storage capacity to scale up to 750,000 barrels of oil for operational demands in Asia Pacific and African coastal offshore fields. Other features include a larger strengthened deck area…
China Plans Bohai Bay Economic Hub in the North
The central government is considering plans to upgrade regional cooperation between Beijing, Tianjin and Hebei province to build a trilateral economic sphere in the Bohai Bay area, according to Xinhuanet. The Bohai Bay area is considered China's third economic engine, alongside the Pearl and Yangtze river deltas. A final blueprint covering issues such as logistics, tourism and environmental protection will be drafted based on the three proposals, with input from experts, industry insiders and central government departments, reports Xinhuanet, citing Zhang Zhiqiang, head of the Tianjin Development and Reform Commission. Tianjin, a port city with a population of 14 million…