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

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 twenty three of the twenty eight weeks since March - and over the past sixteen weeks crude inventory has fallen 51 million barrels.   US crude inventory (excluding stock in the Strategic Petroleum Reserve) totaled 457 million barrels as of 13 October.    The increase in inventory in early/mid September was the result of Hurricane Harvey, which shut in production at several refineries and caused US refinery utilization to drop below 80%.  As refinery utilization returned to normal, crude inventory resumed a downward trend in late September.

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

September 2017 Monthly Floating Production Systems Report

September 2017 Monthly Floating Production Systems Report

As described in the September WER report, evidence is accumulating that supply and demand in the oil market is rebalancing. Oil prices are firming as excess global crude inventory continues to be worked down by strong demand growth and curtailed supply. Brent crude is now trading in the mid-$50s and the futures market is predicting prices in the upper-$50s five years out. Also in the report are details…

Download

There Are Signs of Hope for the Energy Industry

Video: There Are Signs of Hope for the Energy Industry

Jim McCaul, founder of International Maritime Associates, discusses the rebounding energy sector and the state of floating production.

Floating Production News

FPSOs: New Storage Tank Explosion Frequencies

October 19, 2017

The fatal explosion in the pump room on the Brazilian FPSO Cidade de São Mateus in February 2015…

Randgrid FSO Begins Gina Krog Field Contract

October 16, 2017

Teekay Offshore Partners announced the Randgrid FSO, which was converted from one…

Exmar FSRU Locks in For Longevity with EcoLock Protection

October 16, 2017

Subsea Industries has applied its hard-type Ecolock protective coating to the hull of a 26…

Energy News

Chevron Approves New Tech in North Sea

October 20, 2017

U.S. oil major Chevron has approved an investment to increase output from its Captain oilfield by using a new water-injection…

Aker Solutions' Shares Surge, Recovery in Sight

October 20, 2017

Shares of Norwegian oil services company Aker Solutions surged on Friday on higher than expected quarterly earnings, a better…

Loss for Oil Looms as Profit-Taking Weighs

October 20, 2017

Global refiners import U.S. oil to make up for OPEC cuts. Oil prices fell on Friday and were set for a weekly loss as investors…