The global bulk carrier market: trends, forecasts and challenges

• How are changes in commodity volumes and shifting trade patterns affecting the dry bulk freight markets?
• What are the impacts on the sector of geopolitics and heightened volatility of energy markets? 
• What is the medium-term outlook for vessels’ earnings?
• How is the focus on environmental objectives affecting shipping’s opportunities for growth?

Dr Plamen Natzkoff, Head of Dry Bulk Freight and Commodities Research, Maritime Strategies International (MSI Ltd)

Risk management and investment trends for bulk carriers  

• Trends in ship finance: will there be an acceleration in the growth and development of the bulk carrier industry?
• Insurance and risk management for cargo damage or loss 
• Implications of the ‘dark insurance’ market and loss of vessels from P&I portfolios

Taner Umac, Head of Operations EMEA, Rightship

Q&A

Panel discussion: The impact of global trade patterns and commodity prices on the bulk carrier market

• How will the demand for bulk carrier shipping change over the next few years, and what implications will that have for charter rates and the industry as a whole?
• Specific forecasts for market volumes of grain, coal, ore, fertiliser and cement, iron ore and bauxite
• What will encourage whole industry to come together to improve charter parties collaboration and co-operation?
• Chartering market trends, including anticipated impact on Baltic Exchange routes
• Freight rate analysis
• How does computer-driven derivatives trading impact physical rates

Capt Pappu Sastry, CEO, Arise Shipping & Logistics

Mark Jackson, CEO, The Baltic Exchange

Keith Denholm, Director, J&J Denholm Ltd. 

Networking coffee break in the exhibition area

Next steps for achieving EEXI and CII compliance: what are the expected effects of CII and EXII on the dry bulk carrier market?

• What are the commercial implications of the latest changes to international regulations and policies for sustainable shipping, and where might the costs ultimately be distributed?
• How might CII be enforced and how will the industry solve waiting time efficiencies 
• Are we expecting to see additional scrapping where retrofit costs exceed vessel value?
• Forecasts of new vessels and new buildings versus retrofit options for compliance
• Fit for 55, ETS and FuelEU implications

Morten Løvstad, Vice President, Global Business Director - Bulk Carriers / Sales & Marketing, DNV 

Panel discussion: 

Strategies for meeting environmental regulations and reducing carbon emissions in the bulk carrier industry

• How can bulk carrier shipping balance the need for profitability with the need for sustainability and social responsibility?
• How can round voyage efficiency become more recognised in charterparties or freight contracts?
• Which vessels and companies are achieving the best EEXI and CII values?
• What can be done today to further reduce emissions from shipping activity
• Building a crew culture which encourages environmental efficiencies
• How do we play better together for mutual benefit?
• Navigating EU ETS to ensure commercial and reputational risks are mitigated

Martin Crawford-Brunt, Chief Executive Officer, Lookout Maritime

Nikos Kakalis, Global Bulk Carriers Segment Director, Lloyd’s Register

Sunit Das, Director of Operations, Hadley Shipping Group 

Jan Kohzer, Sustainability Manager and Director of the Clean Shipping Alliance, Oldendorff Carriers GmbH & Co KG

Session

Port call optimisation and the impact of efficiency improvement measures on reducing the time spent in port

• Bulk carrier port calls: just-in-time operations for bulk carriers
• How will waiting times in ports affect CII ratings, and how can this be managed operationally and commercially?
• Optimising port operations to improve delivery times and reduce overall emissions
• Port State Control and inspections and interface with other inspecting authorities

Capt Hemant Gupta FNI, Principal Consultant, Drewry and representing Nautical Institute  

Panel discussion: 

Where do vetting and inspections contribute towards the safe running of a ship?

• Marine assurance and vetting process for charters
• Managing typical issues with post-inspection clearing for chartering
• Onboard safety improvements in bulk carriers: trends and mitigations
• Understanding Right Ships RISQ assessment criteria
• What is the benefit of inspection for the ship owner?
• Why should a trader choose an inspected vessel?
• The importance of crew welfare in safety management onboard
• DEBATE: Consolidating inspections: aspirational or a possibility?
• What will be the impacts from the implementation of the Dry BMS quality standards

Paul Markides, Marine-Quality Manager, INTERCARGO

Taner Umac, Head of Operations EMEA, Rightship

Capt Howard Snaith, General Manager, CDI

Q&A

Networking lunch break in the exhibition area

The Blue Visby Solution and bulk carrier Trades 

The Blue Visby Solution is a project aiming at resolving the single largest systemic carbon inefficiency in maritime trade, the practice of Sail Fast Then Wait. It is supported by a Consortium of 30+ companies and institutions, co-ordinated by Stephenson Harwood and NAPA. This paper details how the project is progressing to the prototype trials, of which two involve dry bulk carriers.

Haris Zografakis, Partner, Stephenson Harwood LLP

Green corridors: where are the corridors developing for alternative fuels bunkering?

• How are ports and fuel suppliers supporting with collaboration on supply?
• Why are we not yet seeing a switch to duel-fuel vessels?
• Specific safety considerations for new fuels for bulk carriers
• Impacts on ports, ship maintenance and repairs

Maja Felicia Bendtsen, Chief Business Officer - Bulk, Port of Roenne

Marieke Beckmann, Senior Programme Lead, First Movers, Global Maritime Forum

Alternative fuel options for bulkers: addressing the challenges, limitations and opportunities

-  What will be the opex impact of the new regulations regarding fuel?

- Considering the well-to-wake GHG effects of alternative fuels

- Comparing and measuring the impact of fuel options in operation and in trials

- Risks, technology and fuel market outlooks for:

• LNG and biofuels: intermediate or longer term for bulk shipping?
• Integration of fuel cells and hybrid solutions
• Hydrogen: future availability and deep-sea challenges
• Methanol
• Ammonia

Abdul Rahim, Corporate Officer, ClassNK

Q&A

Networking break in the exhibition area

Balancing the costs and efficiencies of retrofit versus new build

• Retrofit versus newbuild: balancing costs and efficiency 
• Retrofit opportunities to improve efficiency and reduce fuel consumption

Elias Boletis, Senior Marine Advisor, Enarete Marine

Advanced engine setup and alternative fuel considerations 

• More advanced engine setup to fulfil EU-Maritime requirements and to improve Cii 
• Alternative fuels - or simply stay with the fossils and some blend-ins if required?

Dr Elizabeth Lindstad, Chief Scientist, Energy and Transport, SINTEF Ocean

Dual Fuel Conversion – Decarbonisation for two-stroke marine engines

• Market drivers and solutions for bulkers
• Dual fuel technology available
• Project experience from DF conversions

Martin Skytte, Sales Manager - Retrofit, MAN Energy Solutions

Rotor Sail technology: why wind makes sense for bulk carriers

• Operational considerations for Rotor Sails on bulk carriers
• Port acceptance of wind propulsion
• Practical examples – retrofit and newbuild
• Rotor Sail installations and latest results
• Future rollout and growth

Kim Diederichsen, CEO, Anemoi Marine Technologies

The role of hull performance in performance optimization and emission reduction

• Impact of biofouling on fuel consumptions and emissions
• Developing regulatory framework
• Effective solution for hull cleaning and maintaining hull performance
• Best practice implementation 

Åge Højmark, CEO, Shipshave AS

Q&A

Chairman’s closing remarks 

Rod Johnson, Marine Director, Stephenson Harwood LLP

Edwin Lampert, Executive Editor & Head of Business Relations, Riviera Maritime Media

End of Day 1 followed by IBJ awards dinner

International Bulk Journal Awards 2023 - hosted at the HAC, London.
For more information and to purchase your ticket please visit the IBJ website.

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