Dry bulk demand, particularly iron ore, coking, and thermal coal demand from China and India remain strong and are set to surge in the second half of 2010. 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. With China’s appetite for steel-making raw materials expected to peak by 2020 with imports of iron ore of 1.3 billion tons/year, the outlook is for cautious optimism.
The Dry Bulk Shipping Market Outlook conference, October 6-7, 2010, The Devere Holborn Bars, London, is the only global event to bring together a distinguished panel of experts to analyze market drivers and assess demand and supply fundamentals in the dry bulk shipping sector.
Finance experts, including Ted Jadick, executive director and head of international section, HSH Nordbank, and Evan Cohen, managing director and global head Dry Bulk Group, DVB Group Merchant Bank (Asia,) will provide their insights into the global economy and how the dry bulk shipping sector is adapting. They will be joined by renowned experts including Jeremy Penn, chief executive, The Baltic Exchange, and Bill Scotting, executive vice president, head of strategy, ArcelorMittal, during two days of analysis as the sector seeks to reap rewards from buoyant demand while avoiding the threat of oversupply.
Full details are available at www.immevents.com/drybulkshipping.