2010 November-December Print Edition of Maritime Executive Magazine Now On The Street

Newest edition filled with 'intellectual capital" and something for everyone!

MarEx is pleased to feature Hornbeck Offshore and its Chairman, President and CEO, Todd Hornbeck, in this edition. Hornbeck and MarEx first met on a bayou in 1998 to photo-shoot the company’s inaugural offshore support vessel. It was the rebirth of Hornbeck Offshore, a company started by Todd’s father Larry in 1981 and merged into Tidewater in 1996. Todd Hornbeck’s vision was to build vessels to meet the requirements of the deepwater Gulf of Mexico. Over the years the company built or acquired 85 vessels, which made it one of the fastest growing companies in the industry over the past decade. The Case Study and Interview with Todd Hornbeck offer valuable insights into an organization that foresaw the deepwater not as a frontier but as a sound business investment.

Meanwhile, U.S. Coast Guard Commandant Thad Allen, who was scheduled to retire this year, was asked to stay on by President Obama to be the government’s point man on the BP oil spill. In the process he became a national hero to many throughout the world. We were fortunate to catch up with Allen, who is now a Senior Fellow at the Rand Corporation, as he sheds light on his brilliant Coast Guard career and talks about the road ahead. We are extremely proud to have this American icon in our pages, so enjoy.

BTW, did you realize that OPEC turned 50 this year? Well, it did and without much fanfare or notice by the mainstream media. But columnist Michael J. Economides didn’t allow it to pass without stating his point of view on one of the most influential organizations in the world. From its modest beginnings in September 1960 through its golden age and subsequent fall from grace, OPEC has challenged the prevailing “twilight in the desert” scenario to maintain its geopolitical importance. The “professor of oil” brings home another gem and must-read.

Columnists Larry Kierns and Jack O’Connell crafted their contributions for our mantra of “intellectual capital for executives” with their handy brands of precision and excellence. Kierns explores the key priorities and workings of the Coast Guard Authorization Act of 2010, which marks the first time since 2006 that the Coast Guard has had a clearly defined agenda, while O’Connell shares some tough love about workboat stocks which, not surprisingly, have had a bleak year. But the U.S. market is not the only place taking a hit; it’s really been a global downturn of huge proportions. And the markets will turn because the world is emerging from the Great Recession and expanding economies still need oil.

MarEx contributors Bob Spicer, Richard Carranza, Art Garcia, Barry Parker, Nichole Williamson and Barbara Saunders have crafted their magic as well with some great articles. Spicer takes us “Down Under” to see how the Australians are building some of the finest high-speed aluminum watercraft in the world. Richard Carranza reviews propulsion and the potential of LNG-fueled vessels to save the planet from pollution. Art Garcia’s first contribution to the magazine reaches out to some of the big hitters in the world of satellite communications to see how affordable and widespread these systems have become. Long-time contributor Barry Parker provides insight into the world of ship brokering, while Barbara Saunders writes about the battle to upgrade America’s Marine Highway. For our Executive Achievement feature, Assistant Editor Nichole Williamson checks in with the fourth generation of Rice Propulsion in Mexico to see how that company has grown into a global player. All in all, it’s a content-packed edition and a great way to end the year.

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