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Annual World Yearbook

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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

FL Of? ce 215 NW 3rd St

Boynton Beach, FL 33435-4009

Tel +1 561 732 4368

Fax +1 561 732 6984 ... a look behind &

Publishers

John E. O’Malley

John C. O’Malley [email protected] a look ahead ...

Associate Publisher/Editorial Director

Greg Trauthwein [email protected]

Vice President, Sales

Rob Howard [email protected]

GREG TRAUTHWEIN, EDITOR & ASSOCIATE PUBLISHER

Web Editor

Eric Haun [email protected] veryone has (or should have) one or more ‘voices Another favorite voice is Jim McCaul, founder and manag-

Web Contributor

Michelle Howard [email protected] of reason’ in their business endeavors, a sounding ing director of International Maritime Associates and partner in board, an insight provider, a contrarian thinker that World Energy Reports. I have known Jim for each of my 22 years

Editorial always seems to have a depth and breadth of insight in my current post, and his connection to the publishers of this

Joseph Fonseca - India

Claudio Paschoa - Brazil

E that exceeds your own. Two of my favorites are magazine date another 20 years plus. Jim is an excellent sounding

Peter Pospiech - Germany presented in this edition, Dr. Sashi Kuman and Jim McCaul. board on nearly any matter maritime, but his true expertise lies

Production

Shashi N. Kumar, Ph.D., is a Master Mariner, Fulbright Senior in the offshore energy sector, more speci? cally the analysis and

Irina Tabakina [email protected]

Nicole Ventimiglia [email protected]

Specialist Fellow, Emeritus Professor of International Business & projection of the size, shape and direction of the Floating Produc-

Corporate Staff

Logistics, Academic Dean, United States Merchant Marine Acad- tion System market.

Mark O’Malley, Public Relations

Esther Rothenberger, Accounting emy. Given his position at USMMA his insights always come This month Jim spoke with our Patricia Keefe to lend perspec-

Gabby DelGatto, Of? ce Manager with the caveat that the opinions expressed are his alone and not tive to the continued low price of oil, and speci? cally it impact

Information Technology

Vladimir Bibik that of the U.S. government, etc. on the ascent of LNG. In the past year I have had hundreds of

Emin Tule

When you read the main feature of this 2015 World Yearbook discussions with hundreds of people regarding the drivers for the

Subscription you will quickly learn that he is certainly not shy to call it as he current low price of energy and the likely pace of its recovery.

Kathleen Hickey [email protected] sees it. And I’ve received hundreds of different answers.

Sales

His insights and opinions are rooted in nearly 40 years serving McCaul envisions a few years of oil in the $70 per barrel range,

Lucia Annunziata [email protected] +1 212 477 6700 an industry he clearly, dearly loves, and also in an intensive, daily with random spikes above and below. He, like most others,

Terry Breese [email protected] +1 561 732 1185 study and analysis of the myriad economic and social statistics believes that oil and gas is an excellent long-term play, and that

Frank Covella [email protected] +1 561 732 1659 and factors that cumulatively dictate the direction and duration of the current situation is a mere blip on the chart. Read his insights

Mitch Engel [email protected] +1 561 732 0312 maritime trends. I encourage you to read the full ? ve pages start- starting on page 34 through 39, or visit www.world energyre-

Mike Kozlowski [email protected] +1 561 733 2477 ing on page 28 to ? nd out, among other things, why: ports.com for information on his insightful report on Offshore

Dawn Trauthwein [email protected] +1 631 472 2715 • Hedge funds and equity investors have contributed to the Floaters which has been updated daily for nearly 20 years.

Jean Vertucci [email protected] +1 212 477 6700

Black Swans haunting the dry bulk shipping market today, a Finally, special thanks to Tom Cantero, Managing Director of

International Sales perfect recipe for destruction. Air Products and his artist at the Air Products stand at the recent

Scandinavia

Roland Persson [email protected] • The U.S. role as an energy swing player should power a Nor-Shipping 2015 in Oslo. I’ve never captained anything larger

Orn Marketing AB, Box 184 , S-271 24

Ystad, Sweden vibrant U.S. shipbuilding and maritime market for 20 years than my 27-ft. Glastron, so the chance to take the helm in full t: +46 411-184 00 f: +46 411 105 31 or more. captain regalia – even if only in caricature – was irresistible for

Western Europe

Uwe Riemeyer [email protected] • That ships are simply getting too big. this, my 22nd Yearbook Edition.

t: +49 202 27169 0 f: +49 202 27169 20

United Kingdom

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

Japan

Katsuhiro Ishii [email protected]

Ace Media Service Inc., 12-6, 4-chome, Nishiike,

Adachi-ku, Tokyo 121, Japan t: +81 3 5691 3335 f: +81 3 5691 3336 [email protected]

Korea

Jo, Young Sang [email protected]

Business Communications Inc., Rm 1232,

Gwanghwamoon Of? cia Bldg., 163, 1-Ga, Shinmoon-Ro, Jongro-Gu,

Seoul, Korea 110-999 t: +82 2 739 7840 f: +82 2 732 3662

Check out our other websites:

Classi? ed Sales t: (212) 477-6700

MarineLink.com MaritimeJobs.com MarineElectronics.com

Founder:

MaritimeProfessional.com MarineTechnologyNews.com YachtingJournal.com

John J. O’Malley 1905 - 1980

MaritimePropulsion.com MaritimeEquipment.com MaritimeToday.com

Charles P. O’Malley 1928 - 2000

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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.