ccording to a new study published by the Washington, D.C. based International Maritime Associates (IMA), industry can expect to see orders for 103 to 130 production floaters over the next five years. This figure includes 75 to 95 additional units that will be purpose-built or converted from existing hulls and 28 to 35 redeployments of existing units. These orders are expected to generate capital expenditures of $35 to $44 billion over the five year period. In addition, orders for 25 to 35 FSOs will generate another $1.5 billion in conversion/construction capital expenditure.

Nearly half, approximately 46 percent, of all floating production units under construction around the world are being built to ABS class.

For a full copy of the report visit the IMA website.