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                                                                                   MANAGEMENT
                                                                                   GREETING


                                                                                   Dear reader,

                                                                                   Welcome to the first edition of
                                                                                   NEWSBREEZE in 2017. We are
                                                                                   already three months into the year
                                                                                   and we have had some busy months
                                                                                   since New Year.
                                                                                   When I look back on 2016, there is no
                                                                                   doubt that it was a historic year in
                                                                                   shipping – unfortunately in its nega-
                                                                                   tive sense. 2016 showed us the worst
                                                                                   crisis witnessed in 30 years, and
                                                                                   together with our peers we have
                                                                                   fought through a very tough year.
                                                                                   Also 2017 will come with challenges
                                                                                   and our industry is going through a
                                                                                   transition which will likely be chal-
                                                                                   lenging for many. We will undeniably
                                                                                   be part of this transition, but I have no
                                                                                   doubts that SAL will remain one of
                                                                                   the strongest brands in the business.
                                                                                   We will continue to bring Marine
                                                                                   Transport Engineering to the next
                                                                                   level.

                                                                                   Enjoy your reading,


                                                                                   Toshi Yamazaki
                                                                                     CEO
                                                                          Rich J Matheson
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