Petrobras has sold one of its larger floating production, storage and offloading vessels for recycling, but the deal provides little consolation to ship-starved recyclers on the Indian subcontinent — it will be scrapped in Brazil.
The Brazilian oil major cut the South Asian ship recycling nations out of the picture when it first invited offers for the 280,000-dwt FPSO Petrobras XXXIII (built 1978) last September.
