ABS delivered an approval in principle  to OceanSTAR Marine & Offshore Investment  for its new build floating storage and offloading design.

The OceanSTAR FSO-01 is a shipshape hull design specifically developed to cater to midsize FSOs with a storage capacity to scale up to 750,000 barrels of oil for operational demands in Asia Pacific and African coastal offshore fields. Other features include a larger strengthened deck area, expandable living quarters and piping routings that can adapt to topsides for either FPSO or FPU applications.

“The floating production market is a cornerstone of ABS’ leading position in the offshore side of classification. We are proud to work with OceanSTAR on their latest FSO design which promises to support the growing demand for storage capacity,” said Matt Tremblay, ABS Vice President, Global Offshore.

James Zhang Zhiqiang, Group Chairman and CEO of OceanSTAR Elite Group, said: “At OceanSTAR Elite Group, our ambition is to lead in providing top-notch and one-stop engineering design and innovative solutions for the offshore energy sector. We appreciate ABS’ efforts and support, which reinforce our commitment to excellence.”