MARITIMEREPORTERANDENGINEERING NEWSM A R I N E L I N K . C O MHQ118 E. 25th St., 2nd FloorEDITORIALNew 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 6984PublishersJohn E. O’Malley John C. O’Malleyjomalley@marinelink.comAssociate Publisher/Editorial DirectorGreg Trauthwein trauthwein@marinelink.comVice President, SalesRob Howard howard@marinelink.comWeb EditorEric Haun haun@marinelink.com? eet from its current 279 ships to a Going into December 2017, based on numerous C-Suite interviews, I must admit Web Contributorminimum of 355. While the will and that I was decidedly bearish on the prospects for a broad-based maritime rebound Michelle Howard howard@marinelink.comthe interest among the shipbuilding and in 2018. While it would be foolhardy to be brimming with optimism today, there Editorial ContributorsKira Coley - UKsupply community are surely there, the are signs that the bears are going into hibernation and 2018 could be a watershed Tom Mulligan - UKClaudio Paschoa - Brazilend game will be to, as Rod Tidwell moment in the recovery of many things maritime. Here’s some of the good news we Peter Pospiech - GermanyWilliam Stoichevski - Scandinaviaproclaimed in the movie Jerry Maguire, see coming up the channel in 2018:Production“show me the money.”• While this is not exactly a Nostradamus-style pick, it appears The Cruise Market: Irina Vasilets vasilets@marinelink.comNicole Ventimiglia nicole@marinelink.com• While full recovery Offshore Energy:that the cruise sector’s torrid run will continue in 2018 and beyond. Having covered Corporate Staffin the traditional offshore oil markets this market for more than a quarter of a century, I’ve seen more than my fair shares Mark O’Malley, Marketing ManagerEsther Rothenberger, Accountingare still far over the horizon, at press of peaks and valleys. The factor that makes this cruise build-up different than the Information Technologytime the price per barrel was poking at past is the breadth of market. “Cruise” historically has been dominated by big ship, Vladimir BibikEmin Yuce the $60 barrier, and the industry as a bigger ship, oceangoing. Today’s cruise market is still ? rmly planted in the ocean, whole has taken four years to operate Subscriptionbut the cruise industry is exploding globally in the big ship, small ship, inland, Kathleen Hickey k.hickey@marinelink.comin the ‘new norm.’ There is increasing coastal, exotic locale and specialty luxury cruise segment. Just this week I had a activity offshore in the North Sea, and Salesnice conversation with industry icon Edie Rodriguez regarding her new stint at Lucia Annunziata annunziata@marinelink.comas you’ll see on page 9, even activity French luxury yacht cruise company Ponant. While the full interview will publish in +1 212 477 6700 ext 6220Terry Breese breese@marinelink.comdrilling in Alaska’s Beaufort Sea. The our February ‘Cruise’ edition, Ponant is small but intriguing luxury brand to watch +1 561 732 1185current Administrations loosening of as it has a new ? eet under constructions, including plans to build the world’s ? rst John Cagni cagni@marinelink.com631-472-2715 +1 environmental rules and opening of hybrid LNG fueled icebreaking cruise yacht.Frank Covella covella@marinelink.comfresh offshore ? elds will certainly help • Yes, bulk. Bulk carriers are the poster child of maritime hard The Bulk Market: +1 561 732 1659to expedite any recovery. But offshore Mitch Engel engel@marinelink.comtimes, as the new ships were popping out at a record clip when the global economy +1 561 732 0312energy is no longer the sole mandate of came to a screeching halt in 2008, and this massive sector has languished ever since. Mike Kozlowski kozlowski@marinelink.com +1 561 733 2477 oil, as offshore wind continues to grow But recent reports read that second hand ship sales have reached a 10-year high, and Jean Vertucci vertucci@marinelink.comglobally, with my backyard, the east there is optimism, albeit cautious optimism, that one of shipping’s deepest, longest +1 212 477 6700 ext 6210coast United States presenting some of downturns is nearing its end. According to published statistics citing Clarkson, by International Salesthe biggest opportunities globally.mid-December 2017 1,630 ships ($19 billion) were sold versus 2016 when 1,276 for Scandinavia & Germany Roland Persson roland@orn.nu$12.3 billion were sold. Seaborne trade is set to grow by 4% according to the WTO, Orn Marketing AB, Box 184 , S-271 24 Ystad, Sweden and China is building again, but building with imported materials as the country t: +46 411-184 00 f: +46 411 105 31comes under increasing pressure to clean up its own environmental signature. Need United Kingdom a bulk carrier quick? There an 80,000 ton unit for sale on Alibaba.com for $18m!Paul Barrett ieaco@aol.comHallmark House, 25 Downham Road, Ramsden The Navy Market:• With the change of administration one year ago there was Health, Essex CM11 1PU UK great enthusiasm for the reconstruction of U.S. naval forces which, while still the t: +44 1268 711560 m: +44 7778 357722 f: +44 1268 711567most dominant navy in the world, had dwindled in numbers and capability. Now that 355 ship mandate is law, included in the 2018 National Defense Authorization Classi? ed Sales +1 212 477 6700Act (NDAA) signed by President Donald Trump is policy to grow the U.S. Navy Gregory R. TrauthweinFounder: John J. O’Malley 1905 - 1980 Editor & Associate PublisherCharles P. O’Malley 1928 - 2000trauthwein@marinelink.comWatch us Download our Apps Follow us on Social Media Check out our websites:MarineLink.com MaritimeEquipment.com MaritimeProfessional.com MarineElectronics.comMaritimePropulsion.com YachtingJournal.comMaritimeJobs.com MaritimeToday.comMarineTechnologyNews.com TheMaritimeNetwork.com@ShipNews6 Maritime Reporter & Engineering News • JANUARY 2018MR #1 (1-9).indd 6 MR #1 (1-9).indd 6 1/9/2018 5:17:40 PM1/9/2018 5:17:40 PM