EDITORIALMARITIMEREPORTERANDENGINEERING NEWSM A R I N E L I N K . C O MHQ118 E. 25th St., 2nd FloorNew York, NY 10010 USATel +1 212 477 6700Fax +1 212 254 6271www.marinelink.comFL Of? ce 215 NW 3rd StBoynton Beach, FL 33435-4009Tel +1 561 732 4368Fax +1 561 732 6984... a look behind &PublishersJohn E. O’Malley John C. O’Malleyjomalley@marinelink.com a look ahead ...Associate Publisher/Editorial DirectorGreg Trauthwein trauthwein@marinelink.comVice President, SalesRob Howard howard@marinelink.comGREG TRAUTHWEIN, EDITOR & ASSOCIATE PUBLISHERWeb EditorEric Haun haun@marinelink.comveryone has (or should have) one or more ‘voices Another favorite voice is Jim McCaul, founder and manag-Web ContributorMichelle Howard howard@marinelink.comof 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 Editorialalways seems to have a depth and breadth of insight in my current post, and his connection to the publishers of this Joseph Fonseca - IndiaClaudio Paschoa - BrazilEthat exceeds your own. Two of my favorites are magazine date another 20 years plus. Jim is an excellent sounding Peter Pospiech - Germanypresented in this edition, Dr. Sashi Kuman and Jim McCaul. board on nearly any matter maritime, but his true expertise lies ProductionShashi N. Kumar, Ph.D., is a Master Mariner, Fulbright Senior in the offshore energy sector, more speci? cally the analysis and Irina Tabakina tabakina@marinelink.comNicole Ventimiglia nicole@marinelink.comSpecialist Fellow, Emeritus Professor of International Business & projection of the size, shape and direction of the Floating Produc-Corporate StaffLogistics, Academic Dean, United States Merchant Marine Acad- tion System market. Mark O’Malley, Public RelationsEsther Rothenberger, Accountingemy. Given his position at USMMA his insights always come This month Jim spoke with our Patricia Keefe to lend perspec-Gabby DelGatto, Of? ce Managerwith 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 TechnologyVladimir Bibikthat 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 Subscriptionyou 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 k.hickey@marinelink.comsees it. And I’ve received hundreds of different answers. SalesHis 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 annunziata@marinelink.com +1 212 477 6700an industry he clearly, dearly loves, and also in an intensive, daily with random spikes above and below. He, like most others, Terry Breese breese@marinelink.com +1 561 732 1185study and analysis of the myriad economic and social statistics believes that oil and gas is an excellent long-term play, and that Frank Covella covella@marinelink.com +1 561 732 1659and factors that cumulatively dictate the direction and duration of the current situation is a mere blip on the chart. Read his insights Mitch Engel engel@marinelink.com +1 561 732 0312maritime trends. I encourage you to read the full ? ve pages start- starting on page 34 through 39, or visit www.world energyre-Mike Kozlowski kozlowski@marinelink.com +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 dtrauthwein@marinelink.com +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 vertucci@marinelink.com +1 212 477 6700Black Swans haunting the dry bulk shipping market today, a Finally, special thanks to Tom Cantero, Managing Director of International Salesperfect recipe for destruction. Air Products and his artist at the Air Products stand at the recent Scandinavia Roland Persson roland@orn.nu• 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 31or more. captain regalia – even if only in caricature – was irresistible for Western EuropeUwe Riemeyer riemeyer@intermediapartners.de• That ships are simply getting too big. this, my 22nd Yearbook Edition.t: +49 202 27169 0 f: +49 202 27169 20United Kingdom Paul Barrett ieaco@aol.comHallmark House, 25 Downham Road, Ramsden Health, Essex CM11 1PU UK t: +44 1268 711560 m: +44 7778 357722 f: +44 1268 711567JapanKatsuhiro Ishii amskatsu@dream.comAce Media Service Inc., 12-6, 4-chome, Nishiike, Adachi-ku, Tokyo 121, Japan t: +81 3 5691 3335 f: +81 3 5691 3336trauthwein@marinelink.comKorea Jo, Young Sang biscom@biscom.co.krBusiness 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 3662Check out our other websites:Classi? ed Sales t: (212) 477-6700MarineLink.com MaritimeJobs.com MarineElectronics.comFounder: MaritimeProfessional.com MarineTechnologyNews.com YachtingJournal.comJohn J. O’Malley 1905 - 1980 MaritimePropulsion.com MaritimeEquipment.com MaritimeToday.comCharles P. O’Malley 1928 - 2000Download our AppiPhone & Android6 Maritime Reporter & Engineering News • JUNE 2015MR #6 (1-9).indd 6 MR #6 (1-9).indd 6 6/9/2015 10:46:18 AM6/9/2015 10:46:18 AM