International Maritime Associates, Inc.

International Maritime Associates, Inc.

International Maritime Associates (IMA) is a firm of business consultants specializing in market analysis and strategic planning for companies in the marine and offshore sectors.

We provide

  • the front-end research needed to size the available market, analyze customer requirements, benchmark market position, identify new business opportunities, evaluate market positioning options and assess potential acquisitions or strategic alliances.
  • Since formation in 1973, IMA has performed over 350 consulting assignments for clients in more than 40 countries.
  • World Energy Reports (WER) was cofounded by IMA in 2014 and focuses on multi-client analytical studies in the offshore energy sector. Based in New York, WER maintains a proprietary online database of floating production systems and publishes monthly reports on the industry.
  • WER's client base includes many of the major companies in the offshore industry.

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Recent Articles

Floating Production Sector Continues to Rebound

February 1, 2020

Jim McCaul — Activity in the deepwater sector took a huge hit in the second half of last decade as a result of a global oil demand/supply imbalance, downturn in oil prices, hiatus in Petrobras production

Which FLNG and FSRU Projects Are Likely To Clear the Investment Hurdle?

February 14, 2019

Jim McCaul — IMA/World Energy Reports has just completed a twelve month detailed assessment of the floating liquefaction and regasification market. The 150+ page study examines future market opportunities

Growth in the FPSO Sector and Outlook for New Orders

February 12, 2019

Jim McCaul — Floating production storage and offloading vessels (FPSOs) are by far the most popular type of floating production system. They account for two thirds of the oil/gas production floaters now

Floater Sector Beginning to Regain Traction -- With More Than 70 Projects Awaiting the Market Upturn Signal

April 15, 2017

Jim McCaul -- Orders for production floaters have finally begun to flow.  The break came early this year when contracts for a production semi for use in the GOM and an FPSO for use off Malaysia were awarded.

Events Over the Past Two Months Have Changed the Dynamics of Domestic Energy Development

December 12, 2016

Jim McCaul -- Donald Trump’s presidential win and Republican sweep of the US government in November – along with OPEC’s oil production cuts in December -- have injected new dynamics into the US energy

Virus Driven Demand Destruction + Saudi Decision to Flood the Market Has Caused Oil Prices to Collapse 
-- Jim McCaul  27 March 2020  

The coronavirus crisis and oil price war has upended the offshore oil and gas sector.   We are seeing a repeat of the 2006/07 financial meltdown impact on the sector -- and the impact this time could be much worse.

Oil demand has sharply fallen as the virus spread shuts down economic activity worldwide.  Global oil demand is expected to fall 20% in April. 

In parallel, Saudi Arabia has kicked off a full-fledged price war with Russia by flooding the market with oil to see who blinks first. 

The result -- an oil glut is rapidly forming and global inventory is nearing full capacity.    Brent is trading at $28 -- down more than 60% from early January.   

A solution is not visible at the moment.  The Saudis are resisting US diplomatic efforts to get them to change direction -- and the virus spread continues as a furious pace.

The market downturn is forcing field operators to defer investment plans.   Major offshore project starts will be suspended through the remainder of the year -- and the impact will likely extend into 2021.   

  


Consulting Services

Jim McCaul

About Jim McCaul

Jim is the founder and manager of IMA, a consulting firm providing market analysis, competitive benchmarking and business planning support in the maritime and offshore sectors. Over the past 40 years IMA has performed more than 350 business consulting assignments for 170+ clients in 40+ countries.

One of the firm’s specialties is analyzing requirements for floating production systems. IMA has published more than 60 reports since 1996 analyzing this business sector and has been engaged by numerous clients to assist in analyzing specific market opportunities in the floating production sector.

Jim is also the co-founder of IMA/World Energy Reports, a New York based business intelligence service for the floating production supply chain.



International Maritime Associates, Inc.

3131 Connecticut Ave NW #2115
Washington D.C. 20008 USA

Report

FLOATING LIQUEFACTION AND REGASIFICATION
an Assessment of Future Requirements for FLNGs and FSRUs

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FLOATING LIQUEFACTION AND REGASIFICATION - An Assessment of Future Requirements for FLNGs and FSRUs

2019 Annual Outlook. Our new 150-page report is the first professional effort to systematically look at the universe of FLNG and FSRU projects in the planning stage – and categorize the likelihood of each making the development investment hurdle. Many FLNG and FSRU projects are planned – but only some will ultimately will move forward to development. The goal of our report is to objectively sort out likely winners and losers – and explain the rationale for the rating.
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Floating Production News

Teekay in Ten-Year FPSO Contract with BP

March 27, 2020

Teekay Corporation has secured a ten-year contract for its 1996-built Petrojarl Foinaven…

Woodside Halves Spending Plans. Delays Scarborough, Browse FIDs

March 27, 2020

Woodside Petroleum halved its forecast spending for 2020 and deferred go-ahead decisions…

Aoka Mizu FPSO Worker Tests Positive for COVID-19

March 27, 2020

Oil and gas firm Hurricane Energy has confirmed that a crew member on the Aoka Mizu…
March 2020 Monthly Floating Production Systems Report

March 2020 Monthly Floating Production Systems Report

The coronavirus crisis and oil price war has upended the offshore oil and gas sector. Oil demand has sharply fallen as the virus spread shuts down global economic activity. In parallel, Saudi Arabia and Russia kicked off a full-fledged price war by flooding the market with oil to see who blinks first. The combination is forcing field operators to defer investment plans – and the impact on the floating production sector is a repeat of the 2006/07 financial meltdown.

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Energy News

Nigeria Announces Offshore Oil Worker Restrictions to Battle Coronavirus

March 29, 2020

Nigeria's petroleum regulator has ordered oil and gas companies to reduce their offshore workforce and move to 28-day staff…

Empty Tankers Depart Venezuela; Sanctions Cancel Cargo

March 29, 2020

Three large crude carriers (VLCCs) chartered by units of Russian oil major Rosneft to transport Venezuelan oil left Caribbean…

FairWind Completes 59 Transition Pieces for Borssele 1+2 OWF

March 27, 2020

Wind industry solutions provider FairWind has completed its largest electrical and high voltage project in company history…