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    Bluewater acquires VLCCs for conversion

    Vessel & ROV News // May 4, 2001
    Bluewater has purchased the VLCC Hellespont Paradise (built 1975, 315,000Dwt) for around $16m and plans to convert her for use as a 90,000bopd Floating Production, Storage & Offloading (FPSO) platform for the Albacora Leste field in Brazil on behalf of Petrobras.Bluewater successfully held off competition from SBM, Modec and Kvaerner.

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