NEWSMAKERSThey 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)!”destructionShashi 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. yearsThis 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 Councilates and World Energy Reports.(see story page 46)(See story page 38)Serving the Galveston, Houston and Texas Gulf Coast area, Malin International Ship Repair & Drydock is a full service topside repair facility ready to handle your scheduled or emergency repairs. s