The US$190 million FSO, built on order of the PetroVietnam Technical Services Joint Stock Company (PTSC), a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), is the first floating storage unit ever built in Vietnam and the biggest ever shipbuilding deal between the two domestic firms. “It is also the biggest product built by Vinashin so far, which once again strengthened our foothold in the world shipbuilding market” said Vinashin’s CEO Pham Thanh Binh at the launch ceremony in Hai Phong’s Nam Trieu Shipyard. The FSO-05 will be able to receive 15,000 tonnes of oil a day and has an offload capacity of 3,500-5,000 tonnes of oil per hour, he added.
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