Page 6: of Maritime Reporter Magazine (January 2018)

MARITIME

REPORTER

AND

ENGINEERING NEWS

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

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Publishers

John E. O’Malley

John C. O’Malley [email protected]

Associate Publisher/Editorial Director

Greg Trauthwein [email protected]

Vice President, Sales

Rob Howard [email protected]

Web Editor

Eric Haun [email protected] ? eet from its current 279 ships to a

Going into December 2017, based on numerous C-Suite interviews, I must admit

Web Contributor minimum of 355. While the will and that I was decidedly bearish on the prospects for a broad-based maritime rebound

Michelle Howard [email protected] the interest among the shipbuilding and in 2018. While it would be foolhardy to be brimming with optimism today, there

Editorial Contributors

Kira Coley - UK supply community are surely there, the are signs that the bears are going into hibernation and 2018 could be a watershed

Tom Mulligan - UK

Claudio Paschoa - Brazil end game will be to, as Rod Tidwell moment in the recovery of many things maritime. Here’s some of the good news we

Peter Pospiech - Germany

William Stoichevski - Scandinavia proclaimed in the movie Jerry Maguire, see coming up the channel in 2018:

Production “show me the money.” • While this is not exactly a Nostradamus-style pick, it appears The Cruise Market:

Irina Vasilets [email protected]

Nicole Ventimiglia [email protected] • While full recovery Offshore Energy: that the cruise sector’s torrid run will continue in 2018 and beyond. Having covered

Corporate Staff in the traditional offshore oil markets this market for more than a quarter of a century, I’ve seen more than my fair shares

Mark O’Malley, Marketing Manager

Esther Rothenberger, Accounting are still far over the horizon, at press of peaks and valleys. The factor that makes this cruise build-up different than the

Information Technology time the price per barrel was poking at past is the breadth of market. “Cruise” historically has been dominated by big ship,

Vladimir Bibik

Emin Yuce the $60 barrier, and the industry as a bigger ship, oceangoing. Today’s cruise market is still ? rmly planted in the ocean, whole has taken four years to operate

Subscription but the cruise industry is exploding globally in the big ship, small ship, inland,

Kathleen Hickey [email protected] in the ‘new norm.’ There is increasing coastal, exotic locale and specialty luxury cruise segment. Just this week I had a activity offshore in the North Sea, and

Sales nice conversation with industry icon Edie Rodriguez regarding her new stint at

Lucia Annunziata [email protected] as you’ll see on page 9, even activity

French luxury yacht cruise company Ponant. While the full interview will publish in +1 212 477 6700 ext 6220

Terry Breese [email protected] drilling in Alaska’s Beaufort Sea. The our February ‘Cruise’ edition, Ponant is small but intriguing luxury brand to watch +1 561 732 1185 current Administrations loosening of as it has a new ? eet under constructions, including plans to build the world’s ? rst

John Cagni [email protected] 631-472-2715 +1 environmental rules and opening of hybrid LNG fueled icebreaking cruise yacht.

Frank Covella [email protected] fresh offshore ? elds will certainly help • Yes, bulk. Bulk carriers are the poster child of maritime hard The Bulk Market: +1 561 732 1659 to expedite any recovery. But offshore

Mitch Engel [email protected] times, as the new ships were popping out at a record clip when the global economy +1 561 732 0312 energy is no longer the sole mandate of came to a screeching halt in 2008, and this massive sector has languished ever since.

Mike Kozlowski [email protected] +1 561 733 2477 oil, as offshore wind continues to grow

But recent reports read that second hand ship sales have reached a 10-year high, and

Jean Vertucci [email protected] globally, with my backyard, the east there is optimism, albeit cautious optimism, that one of shipping’s deepest, longest +1 212 477 6700 ext 6210 coast United States presenting some of downturns is nearing its end. According to published statistics citing Clarkson, by

International Sales the biggest opportunities globally.

mid-December 2017 1,630 ships ($19 billion) were sold versus 2016 when 1,276 for

Scandinavia & Germany

Roland Persson [email protected] $12.3 billion were sold. Seaborne trade is set to grow by 4% according to the WTO,

Orn Marketing AB, Box 184 , S-271 24

Ystad, Sweden and China is building again, but building with imported materials as the country t: +46 411-184 00 f: +46 411 105 31 comes under increasing pressure to clean up its own environmental signature. Need

United Kingdom a bulk carrier quick? There an 80,000 ton unit for sale on Alibaba.com for $18m!

Paul Barrett [email protected]

Hallmark House, 25 Downham Road, Ramsden

The Navy Market: • With the change of administration one year ago there was

Health, Essex CM11 1PU UK great enthusiasm for the reconstruction of U.S. naval forces which, while still the t: +44 1268 711560 m: +44 7778 357722 f: +44 1268 711567 most dominant navy in the world, had dwindled in numbers and capability. Now that 355 ship mandate is law, included in the 2018 National Defense Authorization

Classi? ed Sales +1 212 477 6700

Act (NDAA) signed by President Donald Trump is policy to grow the U.S. Navy

Gregory R. Trauthwein

Founder:

John J. O’Malley 1905 - 1980

Editor & Associate Publisher

Charles P. O’Malley 1928 - 2000 [email protected]

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MarineTechnologyNews.com TheMaritimeNetwork.com @ShipNews 6 Maritime Reporter & Engineering News • JANUARY 2018

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