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

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

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

US Crude Inventory Now 8% Above Five Year Average -- Brent Crude Price Down 17% Over Past Month

by Jim McCaul  12 June 2019

US crude inventory continues to build.  The latest EIA survey shows 486 million bbls in inventory as of 7 June -- 8% above the five year average inventory level for this time of year.   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 continuing inventory build is spooking the market, driving fears of a significant drop in crude prices. 

OPEC+ output curtailment, tightening of Iran sanctions and escalation of Mideast tensions had been providing support for crude prices since the beginning of the year.   But concerns about inventory build and slow down in future oil demand growth have sent market sentiment south. 

As of 12 June Brent is trading around $60 -- down from $72 same time last month.   WTI crude, the US oil pricing benchmark, is trading at a $9 discount to Brent, reflecting the continuing logistics bottlenecks in getting growing US tight oil production to market.  

  


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

Floating Production News

Brazil Postpones Santos Basin Bid Round

June 13, 2019

Brazil's oil regulator ANP announced on Thursday preliminary rules for a major oil…

Worley, Enaval Form Brazil Brownfield JV

June 12, 2019

Australian-based engineering firm Worley said it has entered into a 50:50 joint venture…

Libra Partners Launch Mero Phase 2

June 11, 2019

Project partners have taken the investment decision for the second phase of the Mero…
May 2019 Monthly Floating Production Systems Report

May 2019 Monthly Floating Production Systems Report

Despite rising supply risk, crude prices have shown remarkable resilience. Oil prices have trended in the low to mid $70s over the past month. Even an attack on several tankers outside the Strait of Hormuz failed to jolt the oil market. Expectation that OPEC+ will offset Iranian oil exports and continuing strong global oil demand growth has provided pricing support -- thus far. Meanwhile, two floater projects moved to the development stage.

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Energy News

Total Launches New Supercomputer

June 18, 2019

Energy major Total said its new supercomputer - which has propelled it to a world ranking as the most powerful computer in…

Further Delay in Barryroe Project Loan

June 18, 2019

Ireland's offshore Oil and gas company Providence Resources has again pushed back a deadline to receive $9mln of funding from Apec…

C&J Energy, Keane Merge in $1.8bln Deal

June 18, 2019

Oilfield services firms C&J Energy Services and Keane Group, said  that they will merge in an all-stock deal valued at about $1.8 billion.C&J Energy…