Yinson settles with PTSC over FPSO termination

Malaysian FPSO operator Yinson Holdings has announced that its 49% owned joint venture in Vietnam PTSC Ca Rong has executed a final settlement agreement with PetroVietnam Technical Services Corp (PTSC) over the termination of a $1bn FPSO charter contract. The 15-year bareboat charter contract was awarded to PTSC Ca Rong in April 2017 and was terminated in …

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