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2023-11-16 11:22:28 -

The burgeoning offshore exploration sector is anticipated to open up new avenues for the Ship Conversion Market

The growth of the ship conversion market is driven by two key factors. Firstly, rising offshore oil and gas exploration activities are prompting companies to convert existing tankers and cargo ships into floating production storage and offloading (FPSO) units, floating storage regasification units (FSRUs), and drill ships. According to industry estimates, around 120 FPSOs and FSRUs will be...

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