Agenda

Competing in the dry bulk market - dry bulk shipping market analysis

• Dry bulk trade route changes and evolution of new trading patterns
• The role and function of the FFA market in modern risk management
• The development of the Asia-Pacific marketplace

Jeremy Penn, Chief Executive, The Baltic Exchange

World economic outlook and prospects for seaborne trade

• Prospects for recovery in world trade
• European credit concerns and economic stability
• The continuing influence of the banking crisis -
• Credit conditions and bond markets
• Prospects for the FFA markets
• Other emerging factors affecting demand for seaborne transportation
  

Do values represent the real intrinsic worth of vessels?

• Have the traditional valuation methods of ships changed in recent years?
• Market unpredictability – Do scrap rates reflect true values?
• What tools exist to assist the shipowner extract better returns?
• Interpreting and misinterpreting market data

Georgi Slavov, Head of Dry Freight and Basic Commodities Research, ICAP Shipping

Avoiding defaults when credit markets tighten - risk management in difficult economic conditions

• Clearing and its role in risk management?
• How do clearing houses protect derivatives transactions? Why are they increasing in importance?
• How will new regulations on derivatives affect the way clearing houses work?
• Hedging and other financial tools to reduce risk

Isabella Kurek-Smith, Director, Head of Energy and Freight, LCH.Clearnet

Lunch

Maritime agreements - charter renegotiations when market conditions change

Philip Roche, Partner, Maritime, Trade and Energy, Norton Rose LLP

Bulk carriers and the carriage of hazardous cargoes – an international regulatory update on current and future carriage requirements

Ian Harrison, Technical Manager, Intercargo

Afternoon tea

Vessel demand and shipbuilding order books

• Newbuild delivery in 2011 and beyond
• Ship cancellations, renegotiations, and deferments
• Ship classification and trends in dry bulk newbuilds

Prospects for new bank finance in 2011 and 2012

• Analysing global ship finance capacity
• What is the evolving position and lending ability by ship finance banks?
• Will the ship finance industry attract new entrants in the short and medium term?
• Will there be finance for everyone and who might be left out?
  

Networking drinks

Coffee

Opening remarks from the Chair

Can china continue to be the engine of growth?

• National iron ore resource strategies for industry and domestic consumption
• China’s increasing demand in the iron ore and coal markets
• Chinese domestic policy, medium and small steel mill closures – Reduction in competition or consolidation to improve price efficiencies?
• Sustainability and continued growth. Truth or fallacy?

Laura Brooks, Consultant, CRU

The outlook for thermal & coking coal markets

• Thermal & coking coal demand – Global climate change and carbon taxes reducing demand?
• New coal fired power generation
• Demand hotspots - Asia, China and India
• Atlantic to Pacific trade
• Emerging new demand and trade routes – Openings for new shipping opportunities

Hayden Atkins, Associate Economist, Macquarie Digital

Morning tea

Iron ore market outlook - supply and demand balance

• Iron ore outlook to 2015
• Expanding iron ore operations to meet demand
• Will suppliers, shippers and other partners be able to meet increased demand?
• Will the expansion plans create oversupply in the market

Michael Zeitler, Head of Metals Brokerage, BNP Paribas Commodity Futures

Correlating iron ore demand with economic improvement

• Iron ore demand as an indicator of economic conditions
• Supply and demand balance in difficult economic conditions
• Mine expansion plans and infrastructure spending
• Are mining commodities creating a two tier economy

Plamen Natzkoff, Freight, Coal & Iron Trader, Ronly Bulk Trading

Outlook for steel

• World crude steel production growth
• Changing dynamics within the steel industry
• Declining steel production markets versus growth
• China & India infrastructure expansion and the consumption of iron ore and steel

Anindya Mohinta, Director, Mining & Steel, Citi Investment Research & Analysis

Recent trends in the world cement industry and global cement flows

Elaine Chen, Consultant, Ocean Shipping Consultants

Lunch

Developments in grain markets

• Analysis of market trends - production, consumption levels and prices
• Prospects for growth in levels of production and demand in the European markets
• Production capacity by region - Projected levels for grain exports
• Import and export patterns on the global grains market
• Fundamental and speculative elements of grain commodity prices
  

World sugar market outlook

• An overview of global sugar production and consumption in 2011/12 and beyond
• Recent changes on the world sugar export and import maps
• Assessing prospects for future seaborn trade flows

Sergey Gudoshnikov, Senior Economist, International Sugar Organization

Afternoon tea

Global supply / demand of fertiliser and implications on dry bulk freight markets

Oliver Hatfield, Director – Fertilisers, Integer Research

Close of conference