World Maritime News – Page 167

Modec Issues USD 1.1 Bn in Bonds to Refund FPSO in Brazil

The project bond was issued for the FPSO Cidade de Mangaratiba MV24, currently in operation offshore Brazil.

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The port achieved a 4.1 percent advance to 69.4 million tons in seaborne cargo handling in the first half of 2019.

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The vessel will join Sinanju’s 13-vessel bunker fleet in December 2019.

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The product will be available in Northwest Europe.

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The officials have revoked the vessel’s earlier specified detention with effect from August 15.

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