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 seventeen of the nineteen weeks since March - and over the past seven weeks crude inventory has fallen 43 million barrels.   US crude inventory (excluding stock in the Strategic Petroleum Reserve) totaled 466 million barrels as of 11 August.

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

July 2017 Monthly Floating Production Systems Report

July 2017 Monthly Floating Production Systems Report

As described in the July WER report, oil prices continue to be constrained in the upper $40s, reflecting the dampening effect of the large crude inventory overhanging the market. But crude demand growth is now outpacing supply growth and there are increasingly clear signs that crude inventory is declining. Overall, it seems clear that rebalancing of the global crude market is underway – though the pace is slower than the market earlier anticipated.

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The State of U.S. Shipbuilding

Video: The State of U.S. Shipbuilding

Jim McCaul, founder of International Maritime Associates, discusses the state of U.S. shipbuilding, from naval to commercial.

Floating Production News

Latest Gulf of Mexico Auction Signals Offshore Return

August 19, 2017

Major oil producers pushed up high bids at a Gulf of Mexico offshore auction to $121…

Golar LNG Partners in FLNG Hilli Episeyo Stake Acquisition

August 19, 2017

Golar LNG Partners announced that it has entered into a purchase and sale for the…

Damen Shiprepair Rotterdam Completes the Refit of Petrojarl 1

August 19, 2017

On the August 18, 2017, Damen Shiprepair Rotterdam (DSR) has delivered the FPSO Petrojarl…

Energy News

Total: Maersk Deal to Boost Earnings

August 21, 2017

French oil major Total said on Monday that its acquisition of Maersk Oil for $7.45 billion would boost its earnings and cash flow…

Oil Dips as Rally Encourages Profit-Taking

August 21, 2017

Oil prices fell on Monday as a rally at the end of last week prompted investors to close positions at a higher price, against…

Rosneft, Trafigura Purchase Essar Oil Refinery

August 21, 2017

Rosneft to double Vadinar refinery capacity; may supply Venezuelan oil to Vadinar refinery. Russian oil major Rosneft, oil…