FPSO builder for Australian projects suffers loss

JAPANESE shipbuilder MODEC, which is building the Barossa FPSO for Santos and the Sangomar FPSO for Woodside, has posted ¥9.7 billion (A$128M) loss for the first half of 2020.

FPSO builder for Australian projects suffers loss FPSO builder for Australian projects suffers loss FPSO builder for Australian projects suffers loss FPSO builder for Australian projects suffers loss FPSO builder for Australian projects suffers loss

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The company saw its profits plunge in the first quarter in line with peers and oil companies.

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