Page 13: of Maritime Reporter Magazine (April 2015)

Offshore Edition

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“While the dry cargo market was

They said it ...

depressed in most of 2014, the year ended with sharply increasing rates in the tanker market, and our tanker de- partment generated the best results since 2008.

The strong tanker market has continued into 2015.”

Klaus Nyborg, interim CEO at

Dampskibsselskabet NORDEN A/S “No one saw this [price collapse] coming.

It was like a left hook out of nowhere.”

Joseph Bennett, EVP and Chief Investor Rela- tions Of? cer, Tidewater, Inc., on rapid decline in oil pricing from mid-2014 to today.

Halul Offshore (See story page 44) “We need to make sure the tech- nology we adopt is reliable and that does not necessarily mean “People keep losing sight of the fact that about 90 percent of all goods having the most sophisti- are transported by sea – but only 4 percent of the emissions are related to cated technology.

” vessels. However, ships must ful? ll the strictest rules.

I think this is completely incomprehensible.”

Vivek Seth, CEO,

Halul Offshore Services

Alfred Hartmann, ship owner and new President of (See story page 66) the Association of German Shipowners (VDR).

(See story page 82) www.marinelink.com 13

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Maritime Reporter

First published in 1881 Maritime Reporter is the world's largest audited circulation publication serving the global maritime industry.