PUM wins first FPSO conversion

Pan-United Marine Limited (PUM) in Singapore has clinched its first conversion contract for a FPSO tanker owned by the Norwegian company Norwegian Nortechs FPSO Pte Ltd (Nortechs). The contract to convert the 55,230 DWT tanker East Fortune is valued at $7.1 million.

This order follows the company’s receipt of seven shipbuilding contracts worth $83.7 million from Bumi Armada Navigation Sdn Bhd which lifted PUM’s order book to a new high of over $324.4 million.