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

Fear of a new oil demand/supply imbalance has rattled the oil market.

Market sentiment has suddenly shifted.   Fear that Iran sanctions will cause oil prices to spike to $100+ has been superseded by concern that prices are heading south with no bottom in sight.  

Iran sanctions were expected to take a substantial volume of supply from the market.  Anticipating this, the Saudis and Russians increased production to offset (take advantage of) the expected loss of Iranian supply.   But granting of waivers weakened the sanctions impact and oil demand growth unexpectedly slowed.   As a result global supply is now exceeding demand -- and the demand/supply imbalance has the potential to drive prices to levels last seen in early 2016.   

Survey results by the US Energy Information Administration show that US crude inventories have increased in each of the past seven weeks -- and the EIA in its 7 November weekly report said "US crude oil inventories are about 3% above the five year average for this time of year."   The next survey results on 15 November will likely show further build in inventory.

Oil is a volatile market.   On 13 November Brent fell to $65, down 7% from the previous day.  WTI dropped to $55, down almost 8%.   So much for $100+.



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

Download Brochure

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.
read more...

LNG Investment Set to Grow

Video: LNG Investment Set to Grow

Following years in the pricing doldrums, LNG is hot again, with business prospects for floating production and regasification…

Floating Production News

Aoka Mizu FPSO Needs Extra Repairs

November 13, 2018

The floating production storage and offloading (FPSO) unit Aoka Mizu's planned stop in Algeciras…

KrisEnergy Begins Latest Thai Drilling Program

November 12, 2018

Southeast Asia focused upstream oil and gas company KrisEnergy announced on Monday…

Golar FSRU Wins LNG Croatia Project

November 12, 2018

State-owned LNG Croatia has selected Golar Power, a joint venture between Golar LNG…
October 2018 Annual Floating Production Systems Report

October 2018 Annual Floating Production Systems Report

WER's 2019/23 forecast of floating production system orders is now available. The report provides our assessment of the underlying market situation likely to prevail in deepwater development over the next five years. We examine oil/gas demand growth, deepwater's role in the future energy supply mix, risk of future oil/gas supply disruption, expected oil and gas prices, competitiveness of deepwater with shale…

Download

Energy News

Wind to be EU's Largest Power Source in Ten Years

November 14, 2018

Wind power is set overtake coal, nuclear and gas to become the EU’s largest power source well before 2030. This is according…

OMV, Sapura Energy Sign Pact

November 14, 2018

Malaysia’s Sapura Energy has entered into a heads of agreement with Austria’s OMV to form a strategic partnership and acquire…

Corallian Energy on Course for Wick Exploration Well in December

November 14, 2018

UK-based Corallian Energy has revealed that the UK Government had looked favourably upon its plans for two offshore exploration…