Page 6: of Maritime Reporter Magazine (April 2015)

EDITORIAL

MARITIME

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Editorial

George Backwell - Thailand; ometimes I surprise myself. As we assembled the While it might seem a bit ludicrous to be excited in the

Joseph Fonseca - India

Claudio Paschoa - Brazil features for this month’s “Offshore Annual,” I current energy market, it has been proven time and again that

Peter Pospiech - Germany must admit that some of the stories were downright downturns create opportunities, and strong companies with

Production depressing, no pun intended. The price per barrel of rational strategies and a long-term views will generally with-

Irina Tabakina [email protected]

Nicole Ventimiglia [email protected] oil is starting to have a deep impact on all matters stand the storm and emerge stronger.

S

Corporate Staff offshore and some maritime. More quickly than the energy Patricia Keefe examines the offshore energy market for

Mark O’Malley, Public Relations

Esther Rothenberger, Accounting market rose, it has ? amed out in a spectacular fashion, crash- us this month starting on page 44, and one of the companies

Gabby DelGatto, Of? ce Manager ing from per barrel prices of about $115 a year ago to just heavily quoted, Tidewater Inc., ? ts the previous description. I

Information Technology

Vladimir Bibik more than $50 today. Before I write this page I always ? nd must admit that I was a little surprised to read Joseph Ben-

Emin Tule

Christopher Lee it interesting to look back to the same edition one year ago, nett of Tidewater’s description of the price collapse as a “Left

Subscription and in this particular case I expected to see the word “Boom” hook out of nowhere.” But then again, companies like Tide-

Kathleen Hickey [email protected] prominently mentioned time and again. To my surprise, the water have weathered their fair share of ‘left hooks’ and stood

Sales

Lucia Annunziata [email protected] tone was a bit more subdued, warning of “strong headwinds” tall afterward.

+1 212 477 6700

Terry Breese [email protected] and “rapidly rising costs” in the offshore sector as cautionary This is not to say there will not be some pain in the coming +1 561 732 1185

Frank Covella [email protected] notes. months. The oil majors are quick to the punch as well and are +1 561 732 1659

Mitch Engel [email protected]

April 2014 seems a virtual lifetime ago, and today the reportedly asking their suppliers, large and small, near and far, +1 561 732 0312

Mike Kozlowski [email protected] maritime and offshore industries digest, try to make sense of, for a 30 percent reduction in pricing ... as a starter. But as sure +1 561 733 2477

Dawn Trauthwein [email protected] and plan for an uncertain future premised on unnaturally low as the price went down, it will rise again ... it always does.

+1 631 472 2715

Jean Vertucci [email protected] oil prices. It is times such as these that I lean back on an in- As Mark Charman, CEO of global recruitment ? rm Fast- +1 212 477 6700 terview I had several years ago with Joe Pyne of Kirby Corp., stream told us “the winners will see (this) as an opportunity

International Sales

Scandinavia who said “I’ve always been somewhat of a contrarian: when to pick up the people who they couldn’t ? nd easily during the

Roland Persson [email protected]

Orn Marketing AB, Box 184 , S-271 24 business gets really good I get nervous and when it gets really up market. As sure as apples are apples, this marketplace will

Ystad, Sweden t: +46 411-184 00 f: +46 411 105 31 bad I get excited!” come back.”

Western Europe

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United Kingdom

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Japan

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Korea

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