Page 6: of Maritime Reporter Magazine (January 2016)

EDITORIAL

MARITIME

REPORTER

AND

ENGINEERING NEWS

M A R I N E L I N K . C O M

HQ 118 E. 25th St., 2nd Floor

New York, NY 10010 USA

Tel +1 212 477 6700

Fax +1 212 254 6271 www.marinelink.com New Year ...

FL Of? ce 215 NW 3rd St

Boynton Beach, FL 33435-4009

Tel +1 561 732 4368

Fax +1 561 732 6984

Same Story ...

Publishers

John E. O’Malley

John C. O’Malley [email protected]

Associate Publisher/Editorial Director

Greg Trauthwein [email protected]

GREG TRAUTHWEIN, EDITOR & ASSOCIATE PUBLISHER

Vice President, Sales

Rob Howard [email protected] ew Years means many things for many 1993 edition handy, I invite you to glance through one of our

Web Editor people, some attaching a somewhat mythi- signature “Riverboat Gaming Supplements,” complete with

Eric Haun [email protected] cal quality of renewal, goal-setting and advertising for slot machines in our pages! (If you don’t have

Web Contributor

Michelle Howard [email protected] prognostication. Personally it means a good a copy, ? nd it online at http://magazines.marinelink.com/Mag- dinner with good friends the night before, azines/MaritimeReporter/199308/? ash/ and turn to page 35).

Editorial

Joseph Fonseca - India and the turning of the clock following yet My point is not an aimless stroll down memory lane, simply a

N

Claudio Paschoa - Brazil

Peter Pospiech - Germany another 24 hour period; watching a ton of football for a day reminder that there are always opportunities.

and digging back into work. This year is certainly no differ- This month I’m happy to present the ? rst of a new quarterly

Production ent, and when I look at the global maritime market as a whole, series of reports on the rebuilding of the world ? shing vessel

Irina Vasilets [email protected]

Nicole Ventimiglia [email protected] on January 1, 2016, I see nearly the same picture as the day ? eet, authored by Oslo-based correspondent William Stoi-

Corporate Staff before: energy pricing remains in a historic slump and China’s chevski. Stoichevski sits in Norway, which has been hit with

Mark O’Malley, Public Relations

Esther Rothenberger, Accounting economy is stuck in neutral, both with varying rami? cations a good deal of economic pain from the precipitous drop in oil

Information Technology across the maritime sectors; and overall the world is a bit more pricing. Norway and North Sea oil go hand in hand, and while

Vladimir Bibik

Emin Tule chaotic, a bit more politically unstable. This is neither good no one is proposing that ? shing vessel design, supply and con- nor bad, it simply is reality re-lived. Our industry seems to struction will replace oil money, the ? shing industry strikes to

Subscription be particularly poor at ? nding and maintaining equilibrium. the very core DNA of the Norwegian industry, and as always,

Kathleen Hickey [email protected]

When oil was selling for $120 per barrel, many companies innovation of design and out? t is the hallmark. His report literally could not build and bring into service offshore assets starts on page 26. The small cruise vessel market is another

Sales

Lucia Annunziata [email protected] fast enough; those same assets now sitting inactive, stacked interesting niche, and design and construction in this small but +1 212 477 6700

Terry Breese [email protected] and waiting for the inevitable rebound, whenever that may vibrant market is on record pace. While there is still voracious +1 561 732 1185

Frank Covella [email protected] come. That’s the bad news. The good news? appetite for the big cruise sector, there is a growing demand +1 561 732 1659

Mitch Engel [email protected]

There are always new opportunities. for smaller vessels with access to more exclusive locales. Our +1 561 732 0312

Mike Kozlowski [email protected]

Maritime Reporter & Engineering News has published since report starts on page 44.

+1 561 733 2477

Dawn Trauthwein [email protected] 1939, and we have seen our fair share of market cycles. Per- Finally, a personal note of thanks to Captain Gregg Bau- +1 631 472 2715

Jean Vertucci [email protected] sonally, when I joined MR in 1992 the industry was engaged mann, U.S. Navy, Supervisor of Salvage & Diving; Director +1 212 477 6700 in another ‘historic’ energy slump: Oil was trading at about of Ocean Engineering for taking his time to share his insights $12 per barrel, the boat builders in the Gulf of Mexico were in our Salvage Report, starting on page 38. I had the good

International Sales

Scandinavia simply closing their doors and Houston was a ghost town. fortune to meet Capt. Baumann at the American Salvage As-

Roland Persson [email protected]

Orn Marketing AB, Box 184 , S-271 24

Then, lo and behold, the business of building “Casino Ves- sociation’s annual meeting in Stamford, Conn., last year. Capt.

Ystad, Sweden t: +46 411-184 00 f: +46 411 105 31 sels” caught ? re. While it was certainly no substitution for the Baumann and his team have a long and storied history of en-

Western Europe building binge surrounding the oil patch, it provided a modi- gineering solutions to make the impossible possible, including

Uwe Riemeyer [email protected] t: +49 202 27169 0 f: +49 202 27169 20 cum of business for a core of builders and suppliers. If you success in its latest high-pro? le mission: ? nding the ill-fated

United Kingdom should happen to have a copy of Maritime Reporter’s August El Faro in more than 15,000 ft. of water.

Paul Barrett [email protected]

Hallmark House, 25 Downham Road, Ramsden

Health, Essex CM11 1PU UK t: +44 1268 711560 m: +44 7778 357722 f: +44 1268 711567

Classi? ed Sales t: (212) 477-6700 [email protected]

Founder:

John J. O’Malley 1905 - 1980

Check out our other websites:

Charles P. O’Malley 1928 - 2000

MarineLink.com MaritimeJobs.com MarineElectronics.com

MaritimeProfessional.com MarineTechnologyNews.com YachtingJournal.com

MaritimePropulsion.com MaritimeEquipment.com MaritimeToday.com

Download our App iPhone & Android 6 Maritime Reporter & Engineering News • JANUARY 2016

MR #1 (1-9).indd 6 1/10/2016 11:07:16 PM