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

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 Oil Inventory

Crude prices are being held in check by the excess oil inventory overhanging the market. Global crude oil inventory in OECD countries has risen almost 25% over the past two years – and oil pricing will continue to be held in check until the level of oil inventory is worked down.

The oil inventory survey conducted weekly by the EIA provides a convincing indicator that crude stocks in the US are now declining. As shown below, crude oil inventory in the US peaked at the end of March – after increasing over the first thirteen weeks of 2017.   US crude inventory has fallen in ten of the eleven weeks since March. 

US inventory data represent trends in only one area of the global oil market. But estimates for global oil inventory are notoriously weak – and industry analysts heavily rely on the weekly US oil inventory data as a surrogate for global inventory movement.

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 50 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



International Maritime Associates, Inc.

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

June 2017 Monthly Floating Production Systems Report

June 2017 Monthly Floating Production Systems Report

The June WER report reviews the negative impact of excess crude inventory on oil prices. Crude prices have been driven back into the mid-$40s. But as described in the report, despite near term pricing weakness, production floater orders have been heating up. Over the past month ENI proceeded with its floating LNG project in Mozambique and ExxonMobil made the investment decision on the Liza oil project offshore Guyana.

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The Hurting Offshore Energy Sector Faces a New Competitor

Video: The Hurting Offshore Energy Sector Faces a New Competitor

Jim McCaul, founder of International Maritime Associates, discusses the energy market downturn and the emergence of shale…

Floating Production News

Aker Solutions to Supply Umbilicals Coral South FLNG

June 26, 2017

Aker Solutions was awarded a contract to deliver three umbilicals and associated…

SBM Offshore Awarded Liza FPSO Contract

June 25, 2017

SBM Offshore said it has secured contracts from ExxonMobil to construct, install…

Oil Prices Pause after Sharp Falls

June 23, 2017

Oil prices edged higher on Monday, pausing for breath after coming under pressure…

Energy News

Naftogaz asks for China Energy Loan Extension

June 26, 2017

Ukrainian state energy company Naftogaz has asked a Chinese state bank to extend the deadline by which Naftogaz must submit…

Eletrobras CEO Says Not Considering Resigning

June 26, 2017

Wilson Ferreira Jr, the chief executive officer of Brazilian state-controlled power utility Eletrobras, on Monday said he…

Heriot-Watt Sets Global Data Landscape for BP Statistical Review

June 26, 2017

The economics professor who leads the in-depth data collation process for BP’s annual Statistical Review of World Energy…