"A leaner, more responsive and more productive shipbuilding and offshore construction business will be better placed to take advantage of emerging market opportunities and to counter the cyclical nature of ship-ordering patterns, " he said.
Moreover, the oil and natural gas services industry currently is nearing the bottom of its cyclical decline, but is continuing its secular growth patterns.
The temperatures we experience locally and in short periods can fluctuate significantly due to predictable cyclical events (night and day, summer and winter) and hard-to-predict wind and precipitation patterns.