For the first time, China converted 300,000 tons of oil tankers into production and storage vessels.

A U.S. company is set to invest a newly modified floating production and storage tanker in Brazil for oil, gas exploration, and mining activities. This move highlights the growing interest in offshore energy projects and the increasing role of advanced maritime technology in global resource development. The Dalian branch of COSCO Shipyard has successfully transformed a 300,000-ton Very Large Crude Oil Carrier (VLCC) from the U.S.-based MODEC company into a state-of-the-art floating production and storage unit. The vessel was officially named "FPOSCidadedeNitfroiMv18" yesterday, marking a significant milestone in China's ship repair and modification industry. This project showcases China's growing expertise in complex vessel conversions, demonstrating its ability to handle large-scale offshore engineering tasks. The successful completion of this conversion not only strengthens the partnership between Chinese shipbuilders and international clients but also reinforces China's position as a key player in the global maritime and energy sectors. With this achievement, the Dalian branch has further enhanced its reputation for high-quality ship modifications, opening up new opportunities for future collaborations on similar projects worldwide. The vessel is expected to play a crucial role in supporting Brazil's offshore energy initiatives, contributing to the country's economic growth and energy security.

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