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Stealth on the lookout
Harry Vafias-led LPG owner on the lookout for fresh tonnage as bottom line climbs in the first and newbuild nears completion.
OGX fixes
OGX has chartered the former Nexus 1 FPSO from another Eike Batista-controlled company for an average of $263,000 per day, the Brazilian oil producer says.
The Brazilian oil producer will take the 133,000-dwt newbuilding floating production, storage and offloading unit (FPSO) OSX 1 for 20 years.
Both companies are controlled by Eike Batista.
OSX purchased the FPSO from Nexus Floating Production or $362m, revealing that the would-be shipbuilder also planned to become an owner of offshore units. The FPSO is nearing completion at Samsung Heavy Industries in South Korea.
Both OSX and OGX are controlled by EBX Group, the mining and energy conglomerate controlled by Batista, Brazil's richest man.
The OSX 1 charter is poised to be the first of many such agreements between the sister companies.
As TradeWinds reported on Wednesday, the two outfits have forged a partnership agreement aimed at seeing OSX charter to OGX the FPSOs and platforms that OGX needs to produce from the exploration blocks it controls off Brazil.
OGX forecasts that it will need 19 floating production units and 29 platforms.
Latest News
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Let’s make a deal
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Golar LNG Partners downed
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Boyden back in business
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MOL joins rivals
Japanese owner adding one post-panamax to Middle East service operated by K Line and others.
DFDS falls to a loss
But Danish owner sticking to profit forecast for 2012, despite over-capacity in North Sea ro-ro market.
Dung on the run
Police hunt Vietnamese owner's former chairman in mismanagement case after he fled before arrest.
Will you see an end product?
Clarksons questions if now is the right time to wade in with MR and LR newbuilding contracts.
Dark day for boxship
Zodiac vessel held in Hong Kong after inspectors found faults relating to insufficient lighting.
Vale rubbishes boycott talk
Brazilian mining giant says claims it is shunning the Chinese owner's vessels are wide of the mark.
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