Mitsubishi, Samsung vie to land FPSO deal

JAPANESE shipbuilder Mitsubishi Heavy Industries (MHI) will compete with South Korea’s Samsung Heavy Industries in the market for building the world’s first ships that can produce liquefied natural gas after it gained approval from classification societies for its storage tank designs.

MHI said it would “begin aggressive marketing activities” to secure its first contract to build vessels that combine offshore technology of floating production storage and offloading vessels with the capabilities of LNG carriers.
Samsung is ahead of the race as...

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