Latest Events

2004-03-09 - 2004-03-10

Mark Richardson, SSY Executive Director, and Robin Thomas, SSY Business Development Manager, particpated in the shipping section at the Asian Coal Supply and Forecasting Conference, organised by the McCloskey Group in Kuala Lumpur on 9-10 March.

2004-02-24 - 2004-02-25

SSY's Business Development Manager, Robin Thomas, gave a presentation entitled "Background to Shipping Pricing Developments in 2003" to the Intercem Shipping & Terminal Operations Workshop in Amsterdam on 24-25 February 2004. The conference examined freight rate developments as well as cement carrier operations.

2004-02-23 - 2004-02-24

David Schenk, an SSY Partner based in the Sydney office, addressed the Annual Global Steel & Iron Ore Forecast Conference in Perth, Australia, on 23-24 February 2004. The title of his presentation was "Freight Rates: Future Expectations for 2004 & Beyond", in which he assessed how long the current high dry bulk market can last.

2004-02-02 - 2004-02-03

Robin Masters, Vice President of SSY USA, addressed the Coaltrans Americas conference on 2-3 February 2004, held on Aruba. His paper "Freight Overview: Uncharted Waters" considered the jump in freight rates and the prospects for the coal trades in 2004.

2004-01-20 - 2004-01-22

Robin Thomas, Business Development Manager at SSY, spoke to the Arab Fertiliser Association’s 10th International Annual Conference in Cairo on 20-22 January 2004. In a discussion session alongside representatives from the fertiliser industry and the IMO, he spoke on the topic "Shipping for Bulk Fertiliser Raw Materials," concentrating on current shipping trends in the Handymax and Panamax markets as well as outlining the merits of various freight strategies.

2003-12-08 - 2003-12-10

Louisa Follis, Director at SSY Consultancy & Research Ltd, spoke at the International Product and Chemical Tanker Conferences hosted by Informa on 8-10 December 2003, presenting a "Review and Outlook of the Product Tanker Market." The presentation examined the global economic recovery and accompanying rise in oil and tanker demand, with the outlook focusing on future fleet growth and the impact of new market regulation.

2003-12-04 - 2003-12-05

Martin Rowe, Director at SSY Hong Kong, examined "Supply and Demand Factors for Container Vessels" at the Container Summit V, which was organised by Informa and held in Shanghai on 4-5 Dec 2003.

2003-12-02 - 2003-12-02

John Kearsey, SSY's Head of Research, at Steel Success Strategies Europe conference in Paris on 2 December 2003 tackled the question "Freight Rates Now at an Unsustainable Peak?" and considered the factors involved in boosting freight rates as well as the future duration of rates at such high levels.

2003-10-22 - 2003-10-24

Robin Thomas, SSY's Business Development Manager, addressed the 17th FMB European Fertiliser Conference in Munich on 22-24 October 2003, speaking on "Freight Rate Trends for Bulk Fertiliser Raw Materials".

2003-09-18 - 2003-09-19

John Kearsey of SSY Consultancy & Research delivered a presentation on "Shipping in Asia: Redrawing the Freight Market Cycle?" at the Coaltrans Japan 2003 conference in Tokyo on 18-19 September. The discussion looked at the ongoing shift in the centre of gravity of the seaborne import market towards Asia-Pacific.

2003-06-04 - 2003-06-05

John Kearsey, Senior Director at SSY Consultancy & Research, spoke at the Greek Ship Finance Conference 2003 on 4-5 June in Athens on the subject of "Dry Bulk Market Prospects." The presentation examined the strength of demand against bulker fleet supply.

2003-03-28

Chinese oil imports have grown by 35% from last year and this year we expect volumes to reach record levels leading it to becoming the key Asian driver of tanker tonnage demand within 12 months.
SSY's forthcoming edition of World Oil Tanker Trends (WOTT) examines the tanker markets in light of this massive growth trend in China and the pressures currently facing the market. This includes the new EU regulations due to be introduced later this year and the pressure on the IMO to enforce stricter global standards on tanker tonnage. The WOTT will also examine the current chartering climate and expectations in light of the very high earnings seen during the 1q03 and into the 2q03. The WOTT is available from SSY Consultancy & Research Ltd for an annual subscription of

2003-03-17 - 2003-03-17

globalCOAL(TM) and SSY are delighted to announce that SSY, the world's largest independent shipbroking group, will launch a live freight derivative trading service on globalCOAL's trading platform.

Mark Richardson, Head of Futures at SSY said, "We feel very strongly that a blend of voice and screen broking is going to be a great asset in maintaining our strong position in the FFA market. At this moment on voice broking we already have 3 brokers on Wet and 6 on Dry and we are actively looking to expand that number."

Mark Walters, CEO of globalCOAL stated: "Freight constitutes a critically important component of seaborne coal trading. Our initiative with SSY will enable all globalCOAL Market Members to monitor and trade both coal and freight prices at a single location in real time. This combination provides an important new tool for exploring and implementing hedging, trading and arbitrage opportunities."

John Welham, Chairman of SSY said, "The client base in the Mineral Sector that we and globalCOAL already share is key to the structure of this deal. globalCOAL's shareholders and users encompass most of the World's major coal producing/trading and consuming entities. In addition SSY brings strong links with steel mills, grain houses, freight traders and ship owners together with an established commercial presence in the Far East".

About globalCOAL

globalCOAL is a leading online marketplace for physical coal and related financial derivative instruments. Its physical trading contract, SCoTA (Standard Coal Trading Agreement), is internationally recognised and forms the basis for globalCOAL's benchmark coal price indices, the RB(TM) Index and the NEWC(TM) Index.

The company was founded on April 18, 2001 by Accel-KKR Company LLC, Anglo American plc, BHP Billiton plc, E.ON Kraftwerke GmbH, Enel FTL S.P.A., EPDC Overseas Coal Co., Ltd., Glencore International AG, Rio Tinto plc and TXU Europe Energy Trading Limited and is headquartered in London, England.

globalCOAL has 34 Market Members. For further details see www.globalcoal.com.

About SSY

SSY is the World's largest independent shipbroking group providing a comprehensive world-wide service on Dry Cargo chartering, Tanker chartering, Freight Futures, new-building contracting, sale and purchase of second-hand tonnage and demolition.

SSY's international network of offices comprise of London, New York, Sydney, Brisbane, Vancouver, Hong Kong, Singapore, Shanghai, Jakarta, Bogota and Naples.



PRESS CONTACTS:



CONTACT AT SSY
Mark Richardson
+ 44 (020) 7265 1871
futures@ssy.co.uk
www.ssyonline.com



globalCOAL(TM) TRADING/MARKETING ENQUIRIES:
Patrick Markey
patrick.markey@globalcoal.com
+ 44 20 7758 9110 (tel)
+ 44 20 7758 9102 (fax)
www.globalcoal.com

globalCOAL(TM) TRADING ENQUIRIES:
Richard Bennett
richard.bennett@globalcoal.com
+ 44 20 7758 9106 (tel)
+ 44 20 7758 9102 (fax)
www.globalcoal.com

2003-03-13 - 2003-03-14

Robin Masters, General Manager of Dry Cargo Chartering at SSY's New York office, gave a presentation on freight market issues to McCloskey’s Coal Conference of the Americas, held March 13-14 in Cartagena, Colombia. He considered the current strength of the dry bulk freight market, explaining how a build-up of cargoes has combined with a slowdown in fleet supply growth to push earnings upwards in recent months. Robin also noted the influence of 'non-fundamental' factors including the Japanese nuclear crisis and delays at key loading ports.

2003-03-03 - 2003-03-05 @ London

This year's 7th Annual Obtaining Finance For Shipping event in London hosted three presentations from SSY. Louisa Follis and Peter Norfolk from SSY Consultancy & Research identified trends in the current tanker and dry bulk markets, as well as giving their outlooks and predictions for the coming years. Mark Richardson, Senior Director of SSY Futures gave a presentation explaining cash flow management through hedging, focussing in smoothing the earnings curve through FFAs and other derivative instruments. The event took place on 3rd-5th March 2003 at the Grosvenor House Hotel in London and was organised by the Lloyds Maritime Training Programme.
http://www.lloydslistevents.com/lm1464

2003-01-28 - 2003-01-30 @ Cairo

Robin Thomas, SSY's Business Development Manager, addressed the 9th Arab Fertilizer Association Conference which was held in Cairo between 28-30 January. This is the premier gathering for companies producing, trading and consuming fertilizers in the Middle East and attracted over 400 delegates from regional and international companies and institutions. Robin gave a paper entitled "Shipping for Dry Bulk Fertilizer Raw Materials", examining the seaborne movement of the main raw, semi-processed and processed fertilizers. He drew attention to the ageing of the Handysize dry bulk carrier fleet and discussed how this could impact on the structure of the fertilizer trades in years to come.

2002-10-29 - 2002-11-01 @ The International Congress Centre (ICC) Berlin, Germany

John Kearsey, Senior Director, SSY Consultancy & Research Ltd made a presentation at Coaltrans 2002 on prospects for the dry bulk freight market in 2003.

The annual Coaltrans conference in Europe was run from 28-30 October 2002 in Berlin. This 22nd annual event is the largest annual gathering of the international coal industry and in recent years has attracted over 1,300 delegates from upwards of 60 countries. Coaltrans 2002 continued its tradition of providing good contacts, market intelligence and networking opportunities.

Details: http://www.coaltransconferences.com/coaltrans.asp

2002-10-21 - 2002-10-22 @ Shanghai

SSY hosted the Shipping Panel of the Metal Bulletin Iron Ore Conference in Shanghai. Chaired by Cindy Huang from SSY's Shanghai office, who presided over the session in both English and Chinese. Also on the panel were Frank Wang, General Manager, Chartering Division from Boasteel, and Kevin Wang, Superintendent of Sales from Rio Tinto's Shanghai office. Ian Staples, Director of SSY Consultancy & Research gave a presentation outlining the prospects for dry bulk shipping, with particular emphasis on iron ore trades into China. He noted at the time that as the freight market was likely to rise significantly in the coming months and into 2003 Chinese ore importers could expect a freight bill of over $1billion in 2003. The conference was attended by delegates from diverse businesses spanning ore producers, importers, steel mills, traders, analysts and shipping companies, the majority of which were based in China, although many were from the Chinese representative offices of overseas companies.

2002-10-15 - 2002-10-15

Seen it all before?

Oil imports by the key importing economies are down to 2000 levels, there is the threat of war in the Middle East, oil prices are high and a massive volume of tanker tonnage is due for delivery over the next 18 months.

SSY's latest edition of World Oil Tanker Trends (WOTT) examines the current industry climate - where the collapse in oil demand made its mark on tanker rates during 1h02 - in the context of previous downturns. In drawing on historical data, we can see the depth and duration of historical downswings and draw some parallels and differences to today's market.

The most significant influence on the tanker, LPG and LNG markets this year has been lower cargo demand. But while we expect world oil consumption to show some signs of recovery over the next 12 months, volumes of newbuilding deliveries are on the rise. With a tanker order book of more than 20% of the existing fleet, it is currently at its highest level since the mid-1970s. The tanker fleet is predicted to grow by 2% in 2002 and 3.6% next year.

While 2003 is shaping up to be another tough year for annual average tanker rates, the coincidence of rapid (but unevenly distributed) fleet growth with an anticipated recovery in world oil demand and trade growth does imply the potential for greater volatility in spot rates than seen during the first half of 2002.

The WOTT is available from SSY Consultancy & Research Ltd for an annual subscription of

2002-09-16 - 2002-09-17 @ Beijing, China

In September 2002, Jonny Maher, SSY Shanghai's chartering manager, addressed the first Coaltrans China conference on the subject of dry bulk carrier market prospects. In order to demonstrate where SSY thinks the market is headed in 2003, Jonny's presentation considered a number of factors including freight rates, global steel production, Chinese dry cargo imports and the growth of the world's bulk carrier fleet. He highlighted the effect of the surge in Chinese coal exports over the last three years on tonne-mile demand in the Pacific, demonstrating how the Korean market, in particular, has been transformed.

The Coaltrans China conference, exhibition and field trip took place in Beijing. The innovative event gave delegates the opportunity to view at first hand China's rapidly expanding coal export industry, now set to overtake South Africa as the world's largest exporter of thermal coal.

Jonny's presentation is available to subscribers...

Details: http://www.coaltransconferences.com/coaltrans.asp

2002-02-28 - 2002-03-01 @ Sheraton, Perth

Jonny Maher, Shipbroker, Director, Simpson Spence & Young (SSY) Asia gave a talk on the Impact Of The Freight Market On The Iron Ore Trade.

Papers are now available for this past event, which took place on 28th February 2002.