Recently, COSCO Shipping Heavy Industry (Shanghai)’s independently developed “720,000 BBLS FSO (Floating Storage and Offloading) vessel” received an Approval in Principle (AIP) certificate from Bureau Veritas (BV), marking another major breakthrough for the company in the field of high-end offshore equipment research and development.
The 720,000 BBLS FSO that received the AIP certificate is another medium-to-large FSO product introduced by COSCO Shipping Heavy Industry (Shanghai), based on the previous approval of the 450,000 BBLS FSO by BV. This further enriches its FSO product lineup. This FSO is specifically tailored to meet the unique demands of the Southeast Asian market, demonstrating COSCO Shipping Heavy Industry (Shanghai)’s deep understanding and analysis of the target market, as well as its capabilities in technological innovation and customized design.
The successful development of these two FSOs not only enhances COSCO Shipping Heavy Industry (Shanghai)’s offshore product line, enabling it to more comprehensively cover various scales and needs for oil and gas storage and transfer, but also significantly boosts the company’s competitiveness in the global offshore market. By providing diversified, high-performance FSO solutions, COSCO Shipping Heavy Industry (Shanghai) has laid a solid foundation for securing future potential orders and is expected to win more cooperation opportunities on the international stage, further consolidating and expanding its market share in the offshore sector.
With the adjustment of the global energy structure and the continuous development of marine resources, the demand for FSOs, as a key link between offshore oil fields and land markets, will continue to grow, especially in regions rich in oil and gas resources and in urgent need of energy infrastructure, such as Southeast Asia.
COSCO Shipping Heavy Industry (Shanghai) will continue to focus on technological innovation and product iteration, while strengthening cooperation with classification societies, continuously improving the energy efficiency, safety, and environmental performance of FSOs to meet the growing and diverse market demands.