Yinson Production, a Singapore-based floater owner and operator, has secured a bareboat charter extension with PetroVietnam for the FPSO PTSC Lam Son until June 2026, with an additional six-month option. The joint venture between Yinson Production and PetroVietnam Technical Services Corporation will see Yinson receive $17.7m of the $36.2m deal for the vessel operating offshore Vietnam’s Block 1-2/97. Yinson Production’s fleet includes 10 FPSOs with an orderbook valued at approximately $22bn until 2048.
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North Korea confiscates dog fur-lined coats from civilians to clothe soldiers
North Korean authorities are confiscating winter coats lined with dog fur from civilians and giving them to soldiers due to shortages. The coats are considered a luxury item, symbolizing authority, but are popular with civilians for their warmth. The crackdown aims to provide warm gear for soldiers in need and prevent civilians from looking like they are wearing military uniforms. Full Article
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