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 Inventory Continues to Decline -- Brent Crude Stays Around $60

by Jim McCaul   16 January 2019

US crude inventory continued its downward trajectory last week.   The EIA weekly survey results for the week ending 11 January indicated a decline of 2.7 million barrels in US crude inventory -- the seventh week in a row with a decline or no change.   

But US crude inventory remains 8% above the five year average for this time of year, suggesting supply continues to exceed demand.   

Globally, crude in floating storage has been increasing.  According to ClipperData, 100 million bbls of crude was stored on tankers as of 6 January, an increase of 51% over last month and 31% higher than same time last year. 

But there are indications that crude supply is beginning to decrease.   US shale producers have cut back on production, crude imports in the US over the past four weeks are down 3.6% from last year and tanker tracking data indicate a decline in Saudi crude shipments.

Meanwhile, Brent crude as of 16 January is trading around $61 -- not much change from a week ago.   

The fear of crude prices dropping into the $40s or lower has faded.   Market sentiment has turned positive -- for the time being.   

Most analysts expect that the OPEC+ supply curtailment deal will ultimately rebalance supply and demand and provide support for higher oil prices.   The Saudis are targeting getting crude prices back to the $80 range.  This could happen if supply is kept under tight control and the Chinese economy remains solid.  

And while a global demand slowdown continues to be a near term possibility -- which would keep crude prices (and capital investment decisions) under pressure -- a slowdown seems less likely than a few weeks ago.   


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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Floating Production News

Woodside Boosts Spending for Next Leg of Growth

January 17, 2019

Australia's Woodside Petroleum Ltd on Thursday flagged higher-than-expected investment…

Woodside Awards Scarborough FEED Contracts

January 16, 2019

Australian independent oil and gas company Woodside said Wednesday it has awarded…

Petrobras 2018 Production Shy of Target

January 16, 2019

Petroleo Brasileiro produced an average of 2.03 million barrels per day (bpd) in Brazil last year…
December 2018 Monthly Floating Production Systems Report

December 2018 Monthly Floating Production Systems Report

Oil prices continued to descend over the past month as a result of inventory build and demand growth concerns. Brent dropped to the low $50s, WTI to the low $40s. Reversal of the price decline seems a ways off as it will take time for the OPEC+ production cut deal to impact inventory. A lot of oil is in transit. Q1 2019 will likely be a nerve racking time for the oil sector. Meanwhile BP has proceeded with a major LNG project in West Africa.

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Energy News

Ivar Aasen Now Operated from Land

January 17, 2019

Aker BP on Wednesday said it has begun operating the permanently manned North Sea platform Ivar Aasen from an onshore control room in Trondheim…

Woodside Boosts Spending for Next Leg of Growth

January 17, 2019

Australia's Woodside Petroleum Ltd on Thursday flagged higher-than-expected investment spending for 2019 as it steps up early…

Aker BP Plans Output, Dividend Hike

January 17, 2019

Norway's Aker BP will boost dividend payments between now and 2023 and step up investment in developing offshore oil and gas fields next year…