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Middle East Branch Webinar on Dry Bulk - Report
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
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".
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