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Maritime Associates News

13 Jun 2022

Demand Grows for OSVs in the Offshore Floating Production and Storage Energy Sector

Copyright Igor Kardasov/AdobeStock

Over the last year we have seen an upswing in floating production and storage systems ordering after many years of low activity. According to our colleagues at World Energy Reports, “The global oil and natural gas markets are contending with rebounding energy demand on top of supply disruptions from Russia’s invasion of Ukraine. As a result, activity and business sentiment in the floating production sector has seldom been stronger.”  This increased activity in the floating production…

27 Jan 2022

Intelatus Formed Through WER-IMA Merger

© osabee / Adobe Stock

Long-serving marine, energy and industrial market consultancies International Maritime Associates and World Energy Reports have merged to form Intelatus Global Partners.While Intelatus is a new name, its team of business consultants has nearly five decades of experience across the entire maritime supply chain, producing multi-client analytical studies for sectors including offshore oil and gas, renewables and the energy transition, ports and terminals, transport and logistics…

26 Jan 2022

U.S. Offshore Wind Forecast: 45 Projects, $136B CapEx

Copyright osabee/AdobeStock

As of the end of January 2022, there were over 45 projects in development representing a $136 billion capital expenditure and $4.4 billion annual OPEX opportunity that are forecast to be brought on stream within this and early in the next decade.What a difference a year makes. This time last year there was still some uncertainty around the federal offshore wind permitting process, the timing of offshore wind projects and certainty for the supply chain.At the beginning of 2022 the situation is more positive.

03 Nov 2021

Wilson Sons Ramping Up to Support O&G Ops

(Photo: Wilson Sons)

Eying recent demand increases and oil prices recovery in the international market, Brazil's largest tug operator says it is ramping up to support a growing number of offshore oil and gas projects expected to take off in the coming years.Globally, around 30 production floater contracts are now queued up for award over the next 18 months, assuming no major market disruption occurs and the supply chain can absorb the orders within this time frame, according to an in-depth market analysis recently completed by International Maritime Associates/World Energy Reports.Wilson Sons…

29 Jul 2021

WER: Near-term Outlook for Floating Production Systems 'Very Positive'

An FPSO in Brazil - Credit: Ranimiro/AdobeStock

The oil and gas sector continues to rebound from the great downturn, though regional surges of Covid-19 have been spooking the market, causing crude prices to be a bit volatile over the past two weeks. But, the near-term outlook remains very positive. This is the conclusion of the in-depth market analysis in the July 2021 Floating Production Systems Report - a go-to database for all things FPSO/FPU - just released by International Maritime Associates/World Energy Reports (IMA/WER).Asked what is driving the positive sentiment…

27 May 2021

Market Signals Fast Rebound in Floating Production Orders

© Igor Kardasov / Adobe Stock

The deepwater market is rapidly returning to pre-COVID-19 activity levels, and the recovery appears to be gaining strength, according to a recent in-depth analysis completed by International Maritime Associates (IMA) and World Energy Reports (WER).“Lots of green shoots have appeared,” says Jim McCaul, head of IMA/WER. “Oil inventory has been brought down to seasonal average, crude remains in the mid-$60s, bullish forecasts are being heard from key industry players and an upward…

15 Feb 2021

Market Report: FPSOs ... Charting the Path Ahead

© Simon Peter / Adobe Stock

COVID-19 will continue to skew the floating production systems market for the coming 24 months, while buying power for a large portion of FPSO contracts will be centered in Brazil and Guyana/Suriname. These two areas are expected to account for more than 60% of the FPSO contracts awarded between 2021 and 2025.These are the findings shared in a recent floating production outlook report produced by International Maritime Associates (IMA) and World Energy Reports (WER).The 100+ page…

27 Aug 2020

Hill Dickinson Managing Partner Patrick Hawkins Dead at 59

Patrick Hawkins (Photo: Hill Dickinson)

International maritime law specialist Hill Dickinson announced the death of Patrick Hawkins, head of its office in Greece.Hawkins died in the hospital on August 20, having suffered a heart attack in early July. His funeral took place in Athens on Monday.Announcing his death, David Wareing and Tony Goldsmith, heads of Hill Dickinson’s Marine and Trade Group, said, “It is with enormous sadness that we have to inform you of the passing of our much loved colleague Patrick Hawkins.

10 Jan 2019

CAMM: A Call for Papers

Captain Jeff cowan, President, CAMM

The Council of American Master Mariners is holding its annual Professional Development Conference. CAMM has issued "a call for papers."The event takes place on 25 April 2019. Details to follow:Where: Island Palms Hotel & Marina, 2051 Shelter Island Drive in San Diego, California 92106 United StatesTheme: Who is Really in Command of the Ship?Benefits for Presenters: Presenters get one night free with meals on day of Conference. Ten minutes from San Diego Airport.For more Details…

19 Oct 2018

LNG Investment Set to Grow

“We’re starting to see a lot more investment in LNG, but if you want to be in you have to start now,” Jim McCaul of International Maritime Associates (IMA)

Following years in the pricing doldrums, LNG is hot again, with business prospects for floating production and regasification looking strong through 2023. We talk to Jim McCaul of International Maritime Associates (IMA) for his insights, as he is fresh off of a 12-month stint investigating the market in depth."We wanted to take a fresh look at the market, to identify opportunities both in the production and regassification of LNG" is how McCaul, founder of IMA, best describes his team’s 12-month effort to study and report on the industry.

11 Oct 2018

LNG Report: Floating Liquefaction & Regasification

Prelude. Photo: Shell

International Maritime Associates has completed a 12-month study of the global market for floating gas liquefaction plants and floating LNG regasification terminals. The 150+ page study, published by World Energy Reports, is the most detailed analysis yet made of this growing business sector. Project Success EvaluationThe IMA study 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.

04 Oct 2018

IMA Completes 12-month Study of the Floating Liquefaction and Regasification Market

© Wojciech Wrzesien / Adobe Stock

International Maritime Associates has just completed a 12-month study of the global market for floating gas liquefaction plants and floating LNG regasification terminals. The 150+ page study, published by World Energy Reports, is the most detailed analysis yet made of this growing business sector.Project Success EvaluationThe IMA study 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.

12 Jan 2017

What's next from Maritime Reporter TV?

Jim McCaul, founder of International Maritime Associates, and Greg Trauthwein, Editor, Maritime Reporter & Engineering News (Photo: Eric Haun)

Jim McCaul, founder of International Maritime Associates, sat with Maritime Reporter TV's Greg Trauthwein in Washington, D.C. to discuss key market trends affecting the global energy and maritime sectors. With inimitable insight, McCaul offers a candid look into the state of U.S. shipbuilding, the condition of the floating production industry, potential for an energy sector rebound, and the incoming Trump administration. In the first segment, McCaul identifies signs of hope within the global energy markets and provides an update on the state of floating production.

24 Jun 2015

Oil’s Downward Spiral Stalls LNG’s Ascent

As industry embraces gas, emissions regulations loom large and bunker logistics options develop, LNG’s fortunes nevertheless get a boost. For every gleeful consumer at the pump, and stockpiling tanker anchored offshore, there’s a corresponding trail of businesses that are struggling to ride out the worst price drop in crude since the mid-1980s. As oil giants slash CapEx, Halliburton and other industry players layoff thousands and record numbers of oil rigs go offline, less obvious is the impact of the latest oil market blow out on the growth of liquefied natural gas (LNG).

20 Jan 2014

Happy Birthday to Us!

Greg  Trauthwein, Editor & Associate Publisher

This year Maritime Reporter & Engineering News celebrates its 75th Anniversary. Founded by  in 1939, the publication today reigns as the largest audited publication serving the global maritime industry, with a circulation of more than 35,000. While the publication, with its signature size and booming red logo, easily remains our most recognizable brand, unlike 1939 when it was the stand-alone information product of the company, today it is surrounded by a family of four print and more than a dozen online and electronic editorial products that cover everything on the commercial maritime…

01 Aug 2013

Floating Production Systems: US$11+ Billion on Order

FPSO 'Mystras': Photo CCL 2

The floating production sector has been especially active over the past several months. Ten production floaters have been ordered since March, reports International Maritime Associates Inc. (IMA). 269 floating production units now in service or available – This figure is 22% greater than five years ago, almost 80% higher than ten years back. FPSOs account for 61% of the existing systems. The balance is comprised of production semis, tension leg platforms, production spars, production barges and floating regasification/storage units.

27 Nov 2012

Offshore Production Systems Analysis Published by IMA

Production Floater Order Backlog: Image credit IMA

29 Floating production units ordered over the past 12 months according to a recently published IMA in-depth analysis. International Maritime Associates (IMA) has just completed an in-depth analysis of the floating production sector. The 175 page report Floating Production Systems: Assessment of the Outlook for FPSOs, Semis, TLPs, Spars, FLNGs, FSRUs and FSOs is the 48th in a series of IMA reports on the deepwater production sector that began in 1996. Some highlights from the new report are below.

07 Feb 2012

ISS Names Board of Directors

Change in Organization’s Bylaws Specify Revised Board Tenure and Structure. The ISS (International Superyacht Society) announces its 2012-2015 Board of Directors and Past Presidents Council. ISS elections are held annually by peer selection. During 2011, ISS membership ratified changes to the Association’s Bylaws which now state that a total of 24 elected Board members will serve three-year terms. During the 2012, 2013 and 2014 election cycles, the ISS Board will be in transition. For the current year and based on a democratic voting system, ISS members have awarded eight Board positions for three years and four Board positions for one-year terms with the opportunity to re-run for the 2013-2016 term.

28 Mar 2011

120 To 175 Floating Production Systems Forecast Over The Next Five Years

The number of floating production systems in service continues to grow. There are now more than double the number of units ten years ago  – 250 units now vs. 120 units in 2001. Order backlog, which now stands at 47 units, will increase the inventory by another 20 percent over the next several years. Planned projects – In a new in-depth analysis of the floating production sector, IMA identifies 194 projects in the planning stage that are likely to require a floating production system for development.

09 Feb 2010

Int’l Superyacht Society 2010/2012 Board

The International Superyacht Society (ISS) announced its 2010-2012 Board of Directors and Past Presidents Council. ISS elections are held annually by peer selection. Sylke auf dem Graben, Lürssen Werft GmbH & Co. John D. Dieter Jaenicke, Viking Recruitment Ltd.

09 Sep 2003

Outlook for Floating Production Systems

By James R. International Maritime Associates, Inc. Floating production has evolved to a mature technology that opens for development oil and gas reservoirs that would be otherwise impossible or uneconomic to tap. The technology enables production far beyond the depth constraints of fixed platforms, generally considered to be 1,400 ft. (426.7 m), and provides a flexible solution for developing short-lived fields with marginal reserves and fields in remote locations where installation of a fixed facility would be difficult. Floating production systems vary greatly in appearance - from ship-shape FPSO vessels to multi hull production semis to cylindrical shaped production spars.

14 Jul 2000

GOM: Number Of Floating Production Systems Projected To Rise

The Gulf of Mexico offshore market is quickly shaping up to be the driving maritime force of 2001 and beyond. While the market today is, and will always be, largely dependent on the political wranglings of OPEC nations, the recent consolidation which has swept the oil majors and, to some degree, the offshore drilling and supply and service companies, has helped to alter some of the traditional instabilities. For example, despite the fact that the price per barrel of oil has elevated to and remained in the mid $20s to low $30s for much of the year, offshore activity in the Gulf of Mexico has been sluggish to initially respond. While it appears that offshore business in the region will rebound strongly in the latter part of 2000 through 2001…

15 Jul 2002

IMA Relocates As Client List Grows

International Maritime Associates (IMA) recently expanded its Ft. Lauderdale offices, moving to a new location central to major shipyards, deep water dockage and local yachting vendors. location at 1300 SE 17th Street, Suite 219, brings with it a team of experts specializing in a variety of yacht supervision skills. and information services, IMA's new offices were christened as one of their latest projects reached a milestone. offices to the center of Ft. Lauderdale's prestigious yachting community," said Sabrina Farmer, IMA's President and CEO. International Maritime Associates was established to assist the yacht-owners' team in overseeing projects, monitoring both costs and efficiency of services. for Bradford Marine, bring many years of diverse service and skills to the company.

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