Dry bulk demand, particularly iron ore, coking and thermal coal, remain strong and are set to surge in 2011. The rapid recovery of freight rates from a catastrophic collapse in 2008 has seen fixtures for capesize, panamax, handysize and handymax vessels rebound and remain firm. This rebound in demand and increase in freight rates, driven primarily by demand for China, will see further competition in the marketplace as we enter 2011 and beyond with India moving from a net exporter to an importer of these commodities.
However cautious optimism should prevail with recovery in many European markets slow and many new vessels entering the market, adding further to competition. This has created a volatile market where all industry participants must now ensure they are fully informed of the most up to date commodities data as well as new shipbuilding activity, fleet projections, freight rate movements and finance / credit issues.
The 3rd Annual Dry Bulk Shipping Market Outlook, 10th in the series, will address all of the above issues as well as comprehensively cover one of the most rapidly developing markets in the world today – the Freight Derivatives Market, which enables market participants to minimize future risk exposure in such a volatile market.
This is the one place to gain competitive insight into the European Shipping and commodities markets and gain strong strategic insight into the economic outlook moving forward.
By attending this event, you will meet all the key luminaries of this dramatically shifting market in one place at one time.
The 2011 programme is being finalised at present. If you an enquiry about the upcoming agenda please contact the conference manager, contact SeaNews Turkey on +905346840105 or admin@seanews.com.tr