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 global excess crude inventory build between October 2014 and March 2017 has been eliminated -- but US crude inventory is creeping up again.

Survey results by the US Energy Information Administration show a 19% decline in US crude inventory over the past seventeen months -- from 535 million bbls at the end of March 2017 to 432 million bbls as of 2 November 2018 (excluding stocks in the Strategic Petroleum Reserve).    

But 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." 

Contributing to the recent rise in inventory is lower refinery utilization as US refineries switch to winter blends and perform annual maintenance.   US refineries operated at 90% capacity last week. 

The rise in crude inventory has driven crude prices down.   Brent is trading around $71.65 as of 7 November -- down 15% since same time last month.


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

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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.
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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

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…

Total Launches $16 Bln Project Offshore Angola

November 12, 2018

Africa's second largest crude producer Angola and France's Total officially inaugurated…
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…

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Energy News

Oil Slumps to One-year Low

November 13, 2018

Oil's slide accelerated on Tuesday, with U.S. futures suffering their steepest one-day loss in more than three years due…

U.S. Calls on Hungary and Neighbors to Shun Russian Gas Pipelines

November 13, 2018

U.S. Energy Secretary Rick Perry called on Hungary and its neighbours to reject Russian gas pipelines which Washington says…

Start-up of Turkey's $6 bln STAR Oil Refinery Delayed

November 13, 2018

The commercial start-up of Turkey's new $6.3 billion oil refinery has been delayed until early next year and the plant is…