MES Ventures into FPSO Chartering

Japanese shipbuilder Mitsui Engineering and Shipbuilding is setting up a business section within its Ocean Business Promotion Department that will be engaged in Floating Production, Storage & Offloading vessels (FPSO) chartering businesses.

The new business arm is becoming effective February 1 and will handle all operations and management related to the company’s participation in FPSO chartering-related businesses.

As part of the company’s Mid-Term Business Plan 2014 (MBP14), MES acquired shares of Cernambi Norte MV26 B.V., an FPSO chartering business company that operates in the Iracema Norte field of the pre-salt layer off the coast of Brazil, from MODEC, Inc. The transaction will enable MES to engage in the chartering business.

Cernambi Norte MV26 is a Dutch corporation with investments from Petrobras Netherlands B.V. (65%), BG Overseas Holding Ltd., (25%), and Galp Sinopec Brazil Services B.V. (10%).

“MES will continue to work toward business engagement and the expansion of related service businesses and aggressively invest in businesses conducting FPSO chartering. We will further enhance our cooperation with MODEC as we continue to focus on the Ocean Business Promotion Department,” MES said.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Feb 2020 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 1

The 9th Annual Event Green Shiptech China Congress 2020

The 9th Annual Event- Green Shiptech China Congress 2020 will be held on next…

read more >

2nd GREENTECH IN SHIPPING GLOBAL FORUM

Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >

World Future Ports Summit 2020

This event will bring together ports and maritime shipping professionals from global leading companies and authorities to discuss recent digital technologies…

read more >