Rystad: Coronavirus could delay FPSOs under construction in Asia up to one year

The outbreak of the coronavirus is set to cause extensive staffing and supply shortages as well as delays on floating production, storage and offloading (FPSO) vessels under construction in China, South Korea, and Singapore, according to energy intelligence firm Rystad Energy.

Rystad said on Friday that 22 out of a global total of 28 FPSOs under construction were being built at shipyards in China, South Korea, and Singapore.

According to the company, the coronavirus outbreak could delay project deliveries by at least three to six months.

Continue reading

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.