Lack of labour and escalating cost could tarnish China’s FPSO fabrication prominence

China is now the world’s FPSO fabrication hub, but faces challenges in competition with rivals in Singapore and South Korea in part due to lack of labour force and rise in cost.

Carioca (MV30) FPSO: built by Chinese yard Cosco and delivered to Modec for operation off Brazil
Carioca (MV30) FPSO: built by Chinese yard Cosco and delivered to Modec for operation off BrazilPhoto: COSCO
Published 16 November 2020, 09:49Updated 16 November 2020, 09:49