Since March 2007, COSCO Dalian Shipyard has signed 4 tanker based FPSO conversion projects with MODEC. One of these, 'SONG DOC PRIED MV19' has already been delivered to TSJOC and another VLCC 'Apollo Shoju', has been renamed.

On the September 10th 2008, the naming ceremony for the Petrobras Opportunity Oil FPSO Conversion was held in COSCO Dalian Shipyard. During the ceremony, 'Apollo Shoju' was renamed as "FPSO Cidade de Niteroi MV18". After delivery, the FPSO will join the Petrobras fleet in the Campos Basin.

The work scope for this VLCC conversion included repair & life extension, specialist FPSO structure construction, topsides module installation and integration, as well the fitting of steel structure, cable pulling and piping work.

Up to now, COSCO Dalian Shipyard has achieved outstanding safety results, a total of 4 million man hours have been spent on the two MODEC projects without any time being lost due to injury.