- The Chairman’s Cocktail Party
One of the standout events of the Baltic calendar, the Chairman’s Cocktail Party, will take place this year on Wednesday 15 May.
Attended by 600 guests, this historic event originally celebrated the end of a Baltic chairman’s two year tenure, held on the floor of the old Baltic Exchange. Now held at Christ Church Spitalfields in London, it brings Baltic members from across the globe together for a unique annual networking and social event, which is also attended by politicians, industry leaders and journalists amongst others.
Baltic Exchange Chairman, Duncan Dunn, will undertake the customary speech, presenting the David Bradley Cup to the 2018 winners, The Baltic Exchange, as well as reviewing another eventful year.
For those interested in attending, we suggest securing your tickets early by following this link to ensure you don’t miss this great occasion.
For pictures from last years event, click here.
- Baltic Academy
The Baltic Exchange is excited to announce that it will be launching the first of its new Baltic Academy shipping courses this June in Singapore.
These unique new courses are specifically focused on the core risk management challenges faced by our industry.
Each course is a one-day event and takes a hands-on practical approach to solving real-life challenges.
The courses will be taught by Mr. Mikal Boe who has 28 years experience in practical risk management across the enterprise, operations freight, fuel, counterparties, bulk commodities and finance.
The two courses that will be taught are:
Counterparty Risk Management for Shipping
Thursday 13 June 2019 | SGX Centre 1, Singapore
This course is ideal for executives dealing with counterparty evaluations, treasury, operations, chartering, company finance and those responsible for managing counterparty credit risk.
On the day, you will learn these four important things:
- Where does credit risk come from, the origination of risk, credit assessment and how to measure the value of your exposures.
- Understand and measure the real-time value of credit risk including how to work with Probabilities of Default, Loss Given Default, Potential Future Exposures and how to use Baltic Indices to apply Credit Variance Assessments.
- How to build an actual credit risk portfolio and how to monitor ongoing credit risk. This puts risk in perspective and helps you apply Baltic forward data to your risk exposures.
- How to mitigate risk exposures: simple and effective methods for minimizing, mitigating and dealing with credit risk in today’s challenging markets.
Indexation and the creative use of the Baltic Indices in Risk Management for Shipping
Friday 14 June | SGX Centre 1, Singapore
This course is ideally suited to shipping executives and ship brokers working with timecharters, COAs, period charters, cargo programmes and fleet employment.
It is highly recommended for persons in chartering, finance, operations, risk management as well as consultants, brokers, project managers and decision-makers across all shipping sectors.
On the day, you will learn these four important things:
- How the Baltic Indices are created, what they represent and what they can be used for.
- How to creatively benchmark different vessel designs and types against Baltic Indices and adjust the Baltic Indices using time charter and voyage charter metrics, across capesize, panamax, supramax and handysize sectors.
- How to build new and creative forward curves for specific routes and how to create ‘hybrid’ routes using Baltic Indices
- How to use benchmark-adjusted Baltic Indices, new forward curves and hybrid routes to create opportunities in FFA hedging and trading as well as the development of index-linked business.
For more information, or to register, email email@example.com or call Mark Ma on +65 8575 1588
- For companies who are Baltic Exchange members, buy 2 passes and receive the 3rd for free – if your company books 2 courses (can be the same course or 1 of each course), you will be given an additional free pass to either of the courses. This discount will be extended to our partner associations, please contact us for more information
- For non-Baltic members, 20 % Discount applies to those companies which book BOTH courses – you can send different employees for different courses, as long as the booking is done under your company
- Singapore Goods and Service Tax (GST) applies to transactions in Singapore
- Baltic ICS Lunchtime Lectures
The fifth and final edition of the second series of lectures will be held in Athens, London, Shanghai and Singapore on 29 May.
In Athens, the lecture will focus on maritime arbitration. Jon Elvey, maritime arbitrator and mediator, will talk about the best ways to prepare and present your case, and how to deal with risks and pitfalls. Jon was the managing partner of Ince & Co’s Piraeus office for many years and was with the firm for nearly 40 years as a litigator. Now on the other side of the table, Jon will talk about matters from both sides.
Athens | 29 May | 18.30
Jonathan Elvey, LMAA Arbitrator
In London, Shangai and Singapore, the focus will shift to China’s One Belt One Road (OBOR) initiative. The lecture will take a dive into the two trillion dollar OBOR initiative led by China which is transforming global trade and is anticipated to dramatically impact areas covering; 70% of the global population, 75% of known energy reserves and 55% of global GNP.
After the initial, multi-billion dollar investments and development of major infrastructure that’s already been seen along the OBOR maritime routes, there can be no doubt of the intention but what will the impact be and where will it most dramatically be felt, what does OBOR mean for shipping markets and who will be the beneficiaries of this truly awesome long term project?
Speakers in London, Shanghai and Singapore are:
London | 29 May | 13.00
Prof. Dr. Qing Liu
Maritime Economics Research Centre
Hamburg Business School, University of Hamburg
Shanghai | 29 May | 13.00
Ning Han, Director, Drewry Shanghai
Yu Du, Consultant, Drewry Shanghai
Singapore | 6 June | 13.00
Rajiv Biswas, Executive Director & Asia-Pacific Chief Economist,
Melissa Charn, Senior Consultant, Drewry Singapore
Those interested must register by email to firstname.lastname@example.org (reference: BXICS205)
- Baltic Exchange Training Courses return to London
Details of the Shipping Economics and Investment training course taking place in London this June.
Shipping Economics and Investment – 10-11 June
With access to more traditional finance limited, shipping companies are increasingly considering private equity and debt markets as a way to help them make key capital investments, whether meeting new emissions legislation or ballast water management controls or expanding their fleet to meet new opportunities. Likewise, many investment banks and bond traders are becoming alert to the significant opportunities in the sector.
Aimed at mid-level executives working for ship owning, operating and managing companies in the bulk and container sectors. It will also be of interest to investment banks involved in ship finance, trading companies as well as investors in the shipping market.
The Baltic Exchange runs a series of professional training courses in key shipping centres designed to help shipping, finance and commodity executives build on their knowledge of maritime markets. The courses are led by academics from CASS Business School’s world-renowned Centre for Shipping, Trade and Finance and deliver a high-level education, combining theory with real-life practical examples. By attending these courses participants will learn skills which they can use in their day to day business.
Launched in 2005, the courses are held over an intensive two day period. Each course involves a mixture of classroom teaching, practical exercises, group discussion and case study analysis. Comprehensive study notes are provided together with a certificate of attendance.
- Discounted events for Members in Shanghai this June
Baltic Members can take advantage of discounted rates to both the 12th Dry Bulk Shipping Summit and 9th Oil Tanker Shipping Summit taking place this June in Shanghai.
The face value price per person for each event is US$1,495, with Baltic members able to attend for US$900. More information, including how to register, can be found below.
12th Dry Bulk Shipping Summit 11-12 June
Keynote speaker: Mark Ma, Sales Manager, Asia Pacific, Baltic Exchange
The 12th Dry Bulk Shipping Summit 2019 is hosted by Enmore and supported by BIMCO and the Baltic Exchange. The event attracts professionals from both domestic and overseas dry bulk ship owners, charterers, ship brokers, shipping agents, forwarders, financial institutes and other industry related companies.
The event will focus on the uncertainty in dry bulk shipping at present and what is in store for the dry bulk market in the future.
The two-day summit will examine big industry topics such as the 2020 Sulphur Cap and digital transformation as well as more dry bulk specific topics such as assessments on the current international dry bulk market and an analysis of the coastal dry bulk market.
Keynote speakers include:
- Mark Ma, Sales Manager, Asia Pacific, Baltic Exchange
- Julian Davies, Partner HFW
- Li Chengshan, Director, Clarksons Platou
- Julie Jiang, China Business Development Manager, Metal, Argus Media
For more information or to register, click here.
9th Oil Tanker Shipping Summit 12 June
The 9th Oil Tanker Shipping Summit 2019 (OTSS2019) will focus on crude and product oil tanker transportation. Analysts and experts from charterers, ship owners, brokers and companies related will share their opinions and forecasts on this market. Major charterers and refineries from China will also be in attendance.
The key themes of the summit will include the trend of global oil price, forecasts on the tanker market and regional geopolitical impacts.
Keynote speakers include:
- Anoop Singh, Regional Head of Tanker Research, Braemar ACM
- Capt. Madhu Vadakkepat, General Manager, N2 Tanker
- Dag Kilen, Senior Shipping Analyst, Oil & Tanker Markets, Fearnleys AS
- Evangeline Quek, Partner, Stephenson Harwood
For more information or to register, click here.
- Job opportunity: Marketing Executive
An exciting opportunity has arisen, for an experienced marketing professional to join the team at the Baltic Exchange.
Reporting to the Chief Commercial Officer and working closely with our London and overseas-based teams, the successful applicant will be charged with developing and implementing a marketing strategy to promote and raise market awareness of the range of services to potential members and users of the Baltic data.
- Member update: 15 May
The following company has applied for Corporate Membership:
Company Individual Ince Gordon Dadds LLP
Mr P Dell
The following individuals have applied for membership of an existing member company:
Company Individual Braemar ACM Shipbroking Ltd
Mr H Pattison Hudd Castleton Commodities International LLC
Mr T Hewitson Clipper Bulk A/S
Mr M E Salomonsen Exxon Mobil Corporation Mr M Kobeck Frachtcontor Junge & Co GmbH
Mr M Zeitler Mr P Luehmann Mr T Troeber Mr C Varisli Mr J Lischeid Howe Robinson & Co Ltd Mr A Brown Lorentzen & Stemoco AS
Mr N Zhang Ms K L Seetoh Thomas Miller & Co Ltd Mr K Tang
Any comments should be passed to Karen Karanicholas by 22 May 2019.
- Space for rent at the Baltic Exchange
The Baltic Exchange wishes to inform members that room RLG10A (546 sq ft) on the lower ground floor of the Baltic Exchange is now available for rent.
For more details, please contact Mark Read. Pictures of the space can be found below:
- Fehr Cup: 26 June
This year’s Fehr Cup will be held on Wednesday 26 June at Surbiton Rackets and Fitness Club.
Tennis, Pimms, summer lunch with strawberries and cream, this fantastic networking opportunity for tennis players of all levels is a must in the shipping social calendar. Taking place on the grass courts of Surbiton and including lunch and tea in the clubhouse. The tournament is split into two parts, after an initial stage, more social players can enjoy an afternoon of relaxed open competition in the American Tournament, while the pros peel off to dual for the ‘Fehr Cup’ prize.
Any firm represented on the Baltic Exchange is eligible to enter one or more pairs. However, both players must be from the same member company, but the people do not have to be Baltic members themselves. Any player may be substituted but still needs to work for the same company.
Both male and female players are welcome, and the pairs can be in any combination. The matches will be the best of three sets in the main draw with a tie break at six-all in each set.
The games will be on grass (weather permitting) with play commencing at 10am sharp. The Club asks that players do not wear trainers or running shoes in order to protect the grass for the season.
The entry fee is £75 per pair, payable in advance. This fee includes the courts, coffee, lunch and afternoon tea for all players, as well as prizes for the placed teams in both tournaments. Catering for non-players is priced at £15 per head, but this also needs to be booked in advance.
The Tournament will be refereed by Perry Perera, with the American format arranged by Costas Mamarides, who will umpire the main final.
The points gained in this Tournament will go towards the David Bradley Cup. Pictures from last year’s event can be found here.
Useful information for those taking part
Address: Berrylands, Surbiton KT5 8JT tel 020 8399 1594
If you are coming by car, the parking is only on the Club side of the road in Berrylands or on the adjacent roads.
If you are coming by train, Surbiton Station has a faster, more frequent, service from Waterloo and is slightly nearer than Berrylands. It is a five-minute taxi ride or a 10-minute walk.
Further contact details
Tel: 07563 790273 or 020 8399 0398
Tel: 020 8391 0351
- Baltic Exchange CC fixtures this summer
The Baltic Exchange Cricket Club will be taking part in a number of 20 and 40 over fixtures this summer, these include:
Friday 7 June, 2pm start, 40 overs vs. Lloyds of London CC at Walton on Thames CC, KT12 1ET
Wed 12 June, 5.30pm start, 20 overs vs. SSY at Battersea Ironsides CC, SW17 0AW
Wed 26 June, 5.30pm start, 20 overs vs. Clarksons at Battersea Ironsides CC, SW17 0AW
Tues 2 July, 5.30pm start, 20 overs vs. Howe Robinson at Barnes CC, SW13 9QL
Thur 5 September, 10am start, City T20 tournament vs Lloyds & R.I.C.S. at Malden Wanderers CC, KT3 4LE
Those interested in taking part or interested in finding out more about Baltic CC are invited to get in touch with Will Halliday.