ABS Brings Together Leading Industry Players to Tackle Safety Challenge of Aging FPSO Fleet
Industry Action to Address Evolving Risk Profile of Aging Assets(HOUSTON) ABS has brought together leading companies in the Floating Production Storage and Offloading (FPSO) sector to address the safety challenges produced by a fleet where more than half of the ship type vessels are over 30-years-old and a quarter are over 40-years-old. The working group, consisting of Chevron, Shell Trading (U.S.) Company, Petrobras, MODEC and SBM as well as The Bahamas Maritime Authority (BMA), the Republic of the Marshall Islands (RMI) Registry, and the U.S Coast Guard 8[th] District, led by ABS