Washington, DC, firm says FPS market strong

Over the next 5 years, 13-17 floating production systems will be ordered every year, says International Maritime Associates Inc., Washington, DC. In its latest forecast of the outlook for floating production, storage, and offloading vessels; production semisubmersibles; tension-leg platforms; and spars, IMA said the fundamentals for the FPS sector look very strong. It believes companies will spend $16-21.9 billion on FPS orders over the next 5 years.

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