NEWS
Current Application Release:
November 2009 |
Next Release:
February 2010
What Impact
Did the Chinese
Economy Have on
Shipping in 2009
– and what
can we expect in
2010?
Arlie Sterling,
President of
Marsoft, will be
delivering his
presentation on
the above on
Tuesday, 9th
February at the
prestigious
Hellenic/Norwegian-American
Chambers of
Commerce
Sixteenth Annual
Joint Shipping
Conference.
Details to
follow.
Client Meetings
2010
Tuesday,
9th
March
Fortis Bank
Nederland
is kindly
hosting the
first European
client meeting
for 2010 at
their offices in Rotterdam. Paal Monsen and Belinda Adye will
give the current
view of the
Marsoft dry
bulk, tanker and
containership
markets.
Guy Verberne,
Chief Economist
at Fortis will
be the guest
speaker.
Marsoft 2009 IRMS
Forum
INVESTMENT AND
RISK MANAGEMENT
IN SHIPPING, the
global shipping
forum run by
Marsoft and our
partners has
just taken place
for the first
time in
Asia.
After a
decade of
collaboration
with MIT in the
US
and IMD in Lausanne we shifted the event to Singapore to join with the Nanyang Business
School as hosts for IRMS
2009.
The forum
was co-directed
by Dr Arlie Sterling, President of Marsoft and Dr Nilanjan
Sen, Associate
Professor of
Nanyang Business
School and
Associate Dean
of Nanyang
Executive
Education.
This was an
opportunity to
explore and take
on board fresh
ideas and
concepts – our
focus each year
with the IRMS;
particularly so
this time with
an Asian home
team and leading
academics such
as Prof Wee Chow
Hou, who
inspired us with
his session on
Leadership,
Associate Prof
Fock Siew Tong
(Family
Business), and
Prof Tan Joo
Seng, who had
the participants
looking inwardly
as well as
globally with
his presentation
on Cultural
Intelligence.
Although
shipping must be
the greatest
exemplar of
global
interaction this
latter session
emphasized how
necessary it was
for all of us to
be able to
empathize with
the different
cultural
traditions – the
self-awareness
profiles were
illuminating!
The forum began
with a macro
overview by the
distinguished
Professor Lim
Chong Yah.
Professor
Lim’s unique
historical
perspective lent
a memorable
beginning to a
stimulating
three days’
debate.
Prof Gunter
Dufey shared his
insights on
global financial
markets and the
role of the
board.
And Karin
Thorburn,
Professor of
Finance at the
Norwegian
School of Economics and
Business
Administration,
joined the
Marsoft faculty
for her
specialist
subject,
restructuring
distressed debt.
One of the
highlights of
the event was
the address
given by the
guest speaker,
ENG Aik Meng,
President of
APL.
Mr Eng
shared his views
on the outlook
for the liner
industry and
stimulated a
lively Q&A
session on the
opening night.
For the past six
years the IRMS
has benefited
from the
participation of
Peter Lorange.
Dr.
Lorange,
President of the
Graduate School
of Business
Administration
Zurich concluded
the forum with a
discussion on
crisis
management with
examples drawn
from the 2009
edition of his
book ‘Shipping
Strategy’.
The
clarity and
simplicity of
his vision was
highly
appreciated by
all.
The fundamentals
of the shipping
markets remain
at the heart of
the IRMS and
Marsoft’s senior
partners focused
on directions
for the future
of the dry bulk,
tanker and
containership
sectors.
Focus
this year was
very much on the
supply side
overhang, the
potential for
newbuilding
cancellations or
delays and the
timing for
investments in
the cyclical
downturn.
IRMS is a forum
which provides a
degree of
intimacy and
concentrated,
continual focus
on the shipping
business by key
industry
players.
This in
turn facilitates
an exciting
global exchange
of information
and ideas that
we believe is
not replicated
anywhere else.
It has now
established
itself as the
leading
international
senior executive
shipping
program.
Watch
this space for
news of 2010
plans!
Marsoft's LNG
Tanker Market
Services
The world’s LNG
fleet grew by
about 8.4
million m3
of cargo
capacity, or
25%, in 2008 –
the largest
growth ever
recorded for the
LNGC fleet – and
is set to grow
by a similar
amount in 2009.
Combined
with weakened
LNG trade growth
due to the
global economic
slowdown, this
has led to
significant
overcapacity in
the LNG fleet,
and very weak
earnings for LNG
carriers engaged
in short-term
trades.
What are
the prospects
for a recovery
in this market?
When are
new LNG orders
likely to
materialize?
Marsoft’s
forecast of the
LNG trades and
shipping market
conditions
suggests that we
are likely to
see another 12
months of
depressed rates.
Keys to
recovery are a
return of Asian
import demand
growth and the
volatile US LNG
import
situation.
Ordering
is expected to
resume in 2010;
and it is
possible that
LNG trade and
shipping market
conditions could
revert to supply
constrained
patterns by
2012.
For further details about Marsoft’s
LNG Tanker Market Services please contact one of our offices.
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