Maistros Shiptrade Limited

Nearly 120 floating production systems could be ordered in the next five years, according to Scottish consultancy Energy Maritime Associates (EMA).

Floating production systems (FPS) first emerged in the 1970s as an option for the production of hydrocarbons discovered at greater ocean depths, surpassing the viability of fixed platform installations.

In the shuttle tanker category of tankers that load oil from floating extraction platforms, the Angelikousis Group is making its presence stronger. More specifically, it acquired $2 billion Altera Shuttle Tankers L.L.C. (AST) through Maistros Shiptrade Limited, a company affiliated with the Angelikosis Group.