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www.seadiscovery.com NEW YORK 118 E. 25th St., New York, NY 10010 Tel: (212) 477-6700; Fax: (212) 254-6271 FLORIDA 215 NW 3rd St., Boynton Beach, FL 33435 Tel: (561) 732-4368; Fax: (561) 732-6984 PUBLISHER John C. O'Malley jomalley@ marinelink.com Associate Publisher & Editor Gregory R. Trauthwein trauthwein@ marinelink.com Contributing Editors Capt. Edward Lundquist, USN (Ret.) • Steve Withrow Production Manager Irina Tabakina tabakina@ marinelink.com Sales Administration & Office Manager Rhoda Morgan morgan@ marinelink.com Sales & Event Coordinator Michelle Howard mhoward@ marinelink.com Manager, Accounting Services Rhoda Morgan morgan@ marinelink.com Manager, Public Relations Mark O’Malley momalley@ marinelink.com Manager, Marketing Jocelyn Redfern jredfern@ marinelink.com Manager, Information Technology Services Vladimir Bibik bibik@ marinelink.com CIRCULATION Kathleen Hickey mtrcirc@ marinelink.com ADVERTISING Vice President, Sales and Marketing Rob Howard howard@ marinelink.com Tel: (561) 732-4368 • Fax: (561) 732-6984 Advertising Sales Manager Lucia M. Annunziata annunziata@ marinelink.com Tel: (212) 477-6700 • Fax: (212) 254-6271 Mike Kozlowski kozlowski@ marinelink.com Tel: (561) 733-2477 • Fax: (561) 732-9670 Japan Katsuhiro Ishii • amskatsu@ dream.com Tel: +81 3 5691 3335 • Fax: + 81 3 5691 3336 T he turn of the year has brought with it a renewed sense of hope and vigor to the subsea industry, though there are still plentiful reminders of the fis- cal pain wrought by a global economic downturn. The eco- nomic crisis — as painful as it was and remains for large sec- tors of our economy — was a process that forced upon cor- porate entities, government agencies and institutions of higher learning alike the virtues of becoming ‘lean and mean.’ While I admit it is a safe assumption that no time soon will we see a drastic expansion of budgets for subsea exploration, it is a similarly safe statement to point out that opportunities in this market abound, as the world collectively seeks to contiually improve and make more safe and efficient the way in which it works underwater. Last year’s oil well blowout and disaster nearly one mile deep in the Gulf of Mexico exposed, in stark terms, the current capabilities and limitations of these technologies, but at the same time brought to the forefront the intrinsic value of the work you do every day. I just returned from a swing through the Middle East which combined work for me in both the subsea and maritime sectors. While this region was hammered particularly hard over the last few years, many projects are coming back with a vengeance, with billions pouring into new energy projects, both traditional oil & gas as well as renewable, and a long list of port and facility projects that all rely on the various talents of the subsea industry to bring them quickly and efficiently from start to finish. Look for a special series on these Middle East business opportunities start- ing in the next edition. All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means mechanical, photocopying, recording or otherwise without the prior written permission of the pub- lishers. Marine Technology Reporter ISSN 1559-7415 is published monthly except for February, August, and December by New Wave Media, 118 E. 25th St., New York, NY 10010- 2915. Periodicals Postage at New York, NY and additional mailing offices. POSTMASTER: Send address changes to MARINE TECHNOLOGY REPORTER, 118 E. 25th St., New York, NY 10010-2915. Postmaster send notification (Form 3579) regarding undeliverable magazines to Marine Technology Reporter, 118 East 25th Street, New York, NY 10010. Publishers are not responsible for the safekeeping or return of editorial material. ©2011 New Wave Media. 118 East 25th Street, New York, NY 10010 tel: (212) 477-6700; fax: (212) 254-6271 Vol. 54 No. 1 ISSN 1559-7415 USPS# 023-276 www.seadiscovery.com Member Gregory R. Trauthwein • trauthwein@ marinelink.com • tel: 212-477-6700 Subscription: To subscribe please visit www.seadiscovery.com/subscribe editorial (Photo Cr edits: Global Diving & Salvage ) 6 MTR January/February 2011
