Yinson to buy FPSO Four Rainbow

Malaysian floating production specialist Yinson Holdings said on 30 July that it will buy the FPSO Four Rainbow.
The transaction will be done jointly with Four Vanguard Servicos E Navegacao LDA, the Portuguese unit of Italian tanker owner Premuda.
The joint venture will buy the vessel from FVSN,

Sinopacific hires new CEO, COO

Sinopacific Shipbuilding Group announced on 29 July that Jiang Qiang was named as the new CEO replacing Liang Xiaolei, and Wang Jianding will be the group’s new Chief Operation Officer (COO).
The company also stated that Wang Xingru will no longer serve as the company’s co-CEO.
Liang is the chair