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 26% decline in US crude inventory over the past seventeen months -- from 535 million bbls at the end of March 2017 to 394 million bbls as of 14 September 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 "US crude oil inventories are about 3% below the five year average for this time of year.” 

Looking ahead, in August the EIA said it expects average global liquid fuels inventories to be 0.2 million b/d lower in 2018 compared with 2017, followed by an increase of 0.3 million b/d in 2019.  The EIA also said it expects average Brent crude oil prices to remain relatively stable between $70/b and $73/b from August 2018 through the end of 2019.   

Brent as of 19 Sept is trading just under $80.

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

September 2018 Monthly Floating Production Systems Report

September 2018 Monthly Floating Production Systems Report

Underlying market fundamentals look very good. The global economy is on steroids – growing at 3.9%. Oil prices have climbed again into the high $70 and sanctions on Iran oil shipments are likely to send prices much higher over the next few months. Bottlenecks in the major US shale oil region have raised costs and slowed growth in shale oil production, providing incentive for deepwater investment. Concerns…


Floating Production News

Big Oil Readies Brazil Offshore Bets

September 24, 2018

Exxon Mobil Corp , Royal Dutch Shell Plc and other companies will gather on Friday…

Reviewing Sapinhoá-Lula NE BSR System

September 22, 2018

The exploration and production of deepwater pre-salt plays offshore Brazil have triggered…

BW Adolo FPSO Produces First Oil

September 22, 2018

BW Offshore has announced that first oil from the BW Adolo FPSO was safely achieved…

Energy News

Russia's Novatek Ships First LNG Cargo to Brazil

September 25, 2018

Russian natural gas producer Novatek has shipped its first LNG cargo to the Brazilian market with LNG produced from the Yamal…

MSC to Introduce Global Fuel Surcharge

September 25, 2018

Improving the environmental performance of the container shipping supply chain is a common goal shared by shipping lines…

Big Oil Readies Brazil Offshore Bets

September 24, 2018

Exxon Mobil Corp , Royal Dutch Shell Plc and other companies will gather on Friday in possibly their last crack at Brazil's…