ASL Marine's shipyard located in Indonesia is to convert a single-hull tanker to a floating storage and offloading vessel (FSO).
The conversion contract is revealed to be worth S$13.5m ($11m).
Singapore-listed Federal International, owner of the 1990-built 52,000GT tanker, has sold the vessel for conversion to Indonesia-based Eastern Jason.
ASL Shipyard Indonesia will complete the works and re-deliver the vessel by 1 August 2013.
Headquartered in Singapore, ASL Marine owns and operates three shipyards in Singapore, Indonesia and China.
Published : December 4, 2012
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