Middle East Silver Jubilee webinar on Dry Bulk Market Outlook was once again a grand success

Posted on Wednesday, May 20, 2020

The ICS Middle East Silver Jubilee webinar on  Dry Bulk Market Outlook was once again a grand success with over 600 registrations.

Mr. Henrik Jeremiassen - Executive Vice President at Delta Corp, Copenhagen and Mr. Rahul Sharan - Dry Bulk Specialist at Drewry Shipping Consultants, India enthralled the participants  with their insights on the dry bulk market.

Mr. Rahul Sharan explained the dry bulk market dynamics from the demand side, the supply side and how the supply-demand balance translates to charter hire. Mr. Henrik Jeremiassen explained the market factors contributable to Covid-19 from a ship operator's perspective: market drop, historically low oil prices, increased counter party risks and unprecedented number of Force Majeure being declared. The presentations were interspersed with Polls and comments from the participants which made the programme very interactive. The presentations were followed by a lively Question and Answer session.

The Webinar drew widespread compliments from the participants.  According to Mr Vincent O'Brien, Acting Director of the International Chamber of Commerce UAE  "The webinar was wonderful today - the best  I have seen".