In his end of year address, president Gerardo A. Borromeo listed special projects for the InterManager Board's consideration. "As 2012 comes to a close I would like to thank you for your involvement and support of InterManager this past year. No doubt the shipping industry continues to be challenged on a number of fronts given the prevailing global economic overhang. Needless to say, shipping will continue to dominate the global landscape and I am confident that we will as an industry and an association pull together and ride out these challenges. While we rely on heavy and expensive assets that create the means for shipping to proceed, it is the human side of shipping, our people, that provide the heart and soul of shipping.