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.

Learn more »

Recent Articles

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

Floating Production Systems Contracts Hit by Market Downturn – But the Cycle Seems to Have Bottomed

April 28, 2016

Jim McCaul -- No question that the market for new floating production systems has taken a battering. The past 12 to 18 months have been a difficult period for everyone in the business sector. Absence of

Crude Oil Inventory

The excess crude inventory build between October 2014 and March 2017 has been eliminated.

Survey results by the US Energy Information Administration show a 23% decline in US crude inventory over the past fifteen months -- from 535 million bbls at the end of March 2017 to 411 million bbls as of 13 July 2018 (excluding stocks in the Strategic Petroleum Reserve).    

While the EIA inventory survey covers only the US market, the survey results are considered more reliable than international estimates and are often used as a surrogate for world crude inventory trends.

The EIA in its latest weekly report said "U.S. crude oil inventories are about 2% below the five year average for this time of year." 

In mid July the International Energy Agency said OECD inventories at the end of May were 23 million barrels below the five year average and "preliminary data show stocks falling in June."

Reflecting tightening crude supply and continued strong oil demand growth, many industry analysts have been raising their crude price expectations for 2018 and 2019.   Brent prices in the $80s are being forecast -- though Brent has recently dipped into to the low $70s and the futures market sees prices in the low to mid-$70s one to two years out. 

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

June 2018 Monthly Floating Production Systems Report

June 2018 Monthly Floating Production Systems Report

While orders for new production floaters have slowed over the past few months, the near term outlook for the floating production sector continues to be very positive. Over 200 deepwater projects are in the planning queue – with more than 20% likely to reach the contracting stage by the end of 2019. Assuming no major change in the underlying market, these projects could produce orders for 22 FPSOs, 2 production semis, 2 FLNGs and 18 FSRUs over the next 18 months.

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Floating Production News

Petrobras to Start Up Four New Platforms in Q4

July 19, 2018

Brazil's state-controlled oil company Petrobras will start pumping pre-salt oil from…

MODEC Secures FPSO FEED Contract

July 18, 2018

MODEC, Inc. subsidiary MODEC International Inc. has been awarded a contract by ConocoPhillips…

Royston Completes FPSO Engine Overhaul

July 18, 2018

An engineering team from power specialist Royston has completed the overhaul of engines…

Energy News

Turkey's Tupras Reduces Iranian Crude Purchases as U.S. Sanctions Loom

July 20, 2018

Turkey's biggest oil importer Tupras has cut back purchases of Iranian crude since May, when the United States said it would…

UK Union to Ballot 2,500 Offshore Oil Workers for Strike

July 20, 2018

Offshore oil services workers will be balloted for potential strike action after they rejected a pay increase offer by the Offshore Contractors Associ

Aker Solutions Workers at Equinor's Mariner Platform Vote to Strike

July 20, 2018

Unite the Union members working for Aker Solutions on Equinor's Mariner oil platform voted for strike action relating to pay, Britain's largest worker