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

50 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

Maritime agreements - charter renegotiations when market conditions change

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

Lunch

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

Ian Harrison, Technical Manager, Intercargo

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

Afternoon tea

Challenges in the ship/shore interface for dry bulk shipping

• Impact of Chinamax and larger vessels on the dry bulk terminals
• Vertical integration of miners into the terminal landscape

Han Ozturk, Executive Committee Chairman, Dry Bulk Terminals Contact Group (DBTG)

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. Turth 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

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