Growth & Trade Disruptors - Marine Money · 2019. 10. 22. · Golden Destiny –Sofia Kokkini...
Transcript of Growth & Trade Disruptors - Marine Money · 2019. 10. 22. · Golden Destiny –Sofia Kokkini...
Growth & Trade Disruptors
Sofia Kokkini- Deputy Managing DirectorMarine Money Greece, October 15th 2019
Sale & Purchase Brokers- Marine Insurance – Market Research – Ship Valuations
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Growth & Trade Disruptors
Golden Destiny – Sofia KokkiniMarine Money Greece 15/10/2019
What is a disruptor:
According to CAMBRIDGE DICTIONARY, to disrupt is
to prevent something, especially a system, process, or event, from continuing as usual or as expected.
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Growth & Trade Disruptors
Golden Destiny – Sofia KokkiniMarine Money Greece 15/10/2019
Dry side
The two major disruptors in the dry market are:
• The US tariffs • Animal bacteria – known to everyone as swine flue
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Source: Thompson reuters
Stimulus measures
Chinese growth – Iron Ore / Coal %
%
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Golden Destiny – Sofia KokkiniMarine Money Greece 15/10/2019
Tariffs – soya imports
China has counter imposed tariffs on over 1,000 US Agricultural & related products
Growth & Trade Disruptors
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Growth & Trade Disruptors
Golden Destiny – Sofia KokkiniMarine Money Greece 15/10/2019
Wet sideThe wet side has been disrupted by
• Geopolitics• New regulations
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Golden Destiny – Sofia KokkiniMarine Money Greece 15/10/2019
Vlcc charter rates
VLCC t/c rates Middle East Gulf - Singapore
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Drone attacks
Cosco’sblacklisting
Golden Destiny – Sofia KokkiniMarine Money Greece 15/10/2019
IMO 2020
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Bunker Spread Between IFO 380cst & MGO in SPORE
Source:shipandbunker.com 14
Growth & Trade Disruptors
Golden Destiny – Sofia KokkiniMarine Money Greece 15/10/2019
• 2 tier market
• Bunker storage
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