Page 14: of Maritime Reporter Magazine (June 2015)

NEWSMAKERS

They said it ...

“Then, there are the hedge funds and equity investors who have the black swans contributed in their own ways to haunting dry bulk shipping today.

What a perfect recipe for market (from the owners’ perspective)!” destruction

Shashi N. Kumar, Ph.D., Master Mariner, Fulbright Senior Specialist

Fellow, Emeritus Professor of International Business & Logistics,

Academic Dean, United States Merchant Marine Academy.

(See story page 28) “The most likely sce- nario is for oil prices to hover in the $70s over the next few – with spikes above and below. years

This price level will support many deepwa- “We are creating the means for companies to collaborate ter project starts, particularly as devel- for the good of business - and the good of the ocean - opment costs fall as a result of surplus that has not existed before. A prime example is our “Smart Ocean- supply capacity.”

Smart Industries” program which builds on the concept of ‘ships of opportunity.’”

Paul Holthus,

Jim McCaul, International Maritime Associ-

CEO, World Ocean Council ates and World Energy Reports.

(see story page 46) (See story page 38)

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