Page 6: of Maritime Reporter Magazine (December 2023)

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

T +1 212 477 6700

CEO John C. O’Malley

What’s in [email protected]

President & COO

Publisher & Editor

Greg Trauthwein

Store in ‘24?

[email protected] t has been a literal whirlwind ride these pages (mostly), that’s not relevant

Editor - MarineNews nd

Eric Haun through the 2 half of 2024. Gener- because China is a closed market.

[email protected] ally, conference and exhibition halls • In? ationary Pressures Continue:

Offshore Energy Editor

Bartolomej Tomic

Ihave been fairly busy, everyone Interest rates are higher than they’ve been [email protected] on the perpetual lookout for that next big in decades, and to put it simply, stuff costs

Production Manager

Irina Vasilets deal. Particularly impressive was the 4th more. There has been a perceptible slow [email protected] annual Offshore Wind conference hosted down in new vessel construction inquiries in

Production & Graphic Design by the American Bureau of Shipping, held the U.S.; it’s slowed, not stopped. It appears

Nicole Ventimiglia [email protected] the Tuesday after Thanksgiving in New that the U.S. Central Bank has concluded

Corporate Staff

Orleans. While it’s not the biggest, it is the interest rate hikes that were touted as

Manager, Marketing

Mark O’Malley arguably one of the best I’ve attended in taming in? ation, and interest rate cuts might momalley@marinelink 2023. ABS is smart in dispatching with four even be in the cards for mid-2024, which

Accounting

Esther Rothenberger hours ? lled with ‘death by Powerpoint,’ and would make many markets buoyant.

[email protected] 212-477-6700 ext 6810 instead takes the ‘panel discussion’ route • Tightening Emission Regs will spur

Manager, Information Technology Services which – if you have the right panelists who New Vessel Construction: If you just read

Vladimir Bibik [email protected] are willing and able to be forthcoming about the headlines, one might assume we’ve al-

Circulation

Kathleen Hickey [email protected] the trends shaping the industry – can be ready arrived at a point where a majority of 212-477-6700 ext 6320 tremendously informative. Looking ahead to vessels have ‘gone green.’ That’s not true –

Sales

Vice President, Sales 2024 [and while I’ve never considered my- not even close – and long after I’m gone and

Terry Breese [email protected]; +1 561-732-1185 self a great prognosticator], these are some replaced by an AI bot, diesel will remain the worthy trends to watch in the coming year. dominate fuel. But the tide is turning, and

Lucia Annunziata [email protected]; • Offshore Wind in the U.S. is Wound- regulation will be the hammer that puts dual +1 212-477-6700 ext 6240 ed, not Dead: Being in the media for 30+ fuel, batteries, wind power or some combi-

John Cagni [email protected]; +1 631-472-2715 years, even I have trouble cutting through nation thereof in the driver’s seat.

Frank Covella the noise, as there are so many special • Go Digital. Now: The proliferation [email protected]; +1 561-732-1659 interest groups with an agenda that have the of connectivity and digital technologies is

Mike Kozlowski [email protected]; +1 561-733-2477 funding and the know-how to make a lot transforming this business faster than all

Gary Lewis of noise. Yes, there have been some monu- other combined. The ability to monitor, [email protected]; +1 516-441-7258 mental project cancellations; yes, there are manage, re? ne and adjust vessel operations

International Sales plentiful challenges ahead. However, big premised on data is here and now. Like any

Scandinavia & Germany

Roland Persson picture, long term, the offshore wind market other technology, not all are cut from the

Orn Marketing AB, Box 184 , S-271 24

Ystad, Sweden will be a solid and growing contributor to same cloth, so do your due diligence and [email protected]; +46 411-184 00 the U.S. maritime and energy markets. select wisely.

Founder: • Global Wind is ‘Going Gonzo’: While

John J. O’Malley [1905 - 1980]

Charles P. O’Malley [1928 - 2000] the U.S. market is beset with in? ghting and

John E. O’Malley [1930 - 2019] delays, there are many markets globally that are plowing forward fast on offshore wind.

This is led by China, but for the readers of

Gregory R. Trauthwein

Publisher & Editor [email protected] 6 Maritime Reporter & Engineering News • December 2023

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