S&P Global Commodity Insights Forum at Posidonia

Shipping markets: driven by geopolitics, changing trade dynamics & energy transition

Increased geopolitical tensions are impacting the global shipping industry, reshaping commodity trade dynamics and positively impacting freight markets. Near term market sentiment remains buoyant while the industry will need to increasingly gear towards the evolving regulatory landscape as generational decarbonization looms.

Join S&P Global Commodity Insights experts and market participants as we discuss what lies ahead for the shipping sector in 2024 and beyond.

FORUM STARTS IN

Agenda

11:15am	Drop in product demos
12:45am	Product demos conclude
1:30pm	Networking and refreshments
2:00pm	Welcome & introduction by S&P Global Commodity Insights Peter Norfolk, Global Head of Freight Pricing, MRTS
2:10pm	Decarbonization: an ambitious global test looms for the Shipping Industry As pressure mounts to deliver measurable progress toward carbon neutrality, the International Maritime Organization (IMO) is pledging to reach net zero by or around 2050. Although many types of alternative fuels are being explored such as hydrogen, ammonia, methanol, biofuels, fuel cells and more, there is no one clear frontrunner in the race. The Panel will explore the state of the current alternative fuel landscape and the path forward for shipping’s decarbonization journey. Panelists: John McDonald, President & COO, ABS Rowan Staden-Coates, Managing Editor, EMEA Residual Fuels, S&P Global Commodity Insights Claus Winter Graugaard, CTO, Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping Seonghoon Woo, CEO, Amogy Chris To, Managing Editor, Global Container Freight Markets, S&P Global Commodity Insights Moderator: Rahul Kapoor, Vice President, Global Head of Shipping Analytics & Research, S&P Global Commodity Insights
2:50pm	Tanker freight market update Geopolitical upheavals impacting tanker freight markets. Pradeep Rajan, Associate Editorial Director, Asia Freight Fotios Katsoulas, Associate Director, Lead Analyst Tanker Shipping & Alternative Fuels
3:15pm	Oil trade and tanker market outlook The global oil shipping landscape has undergone significant changes, impacting tanker freight rates. The intensifying tensions in the Red Sea have significantly impacted global trade dynamics. This has resulted in a notable reduction in transits through the Suez Canal, plummeting to less than half of the levels witnessed in 2023. Consequently, the elongation of voyages has disrupted freight markets, leading to considerable spikes in alternative routes. Where's the tanker market heading to in these times of global geopolitical turmoil, sanctions, low fleet growth and energy transition? The panel will offer insights into the foreseeable future, outlining expectations for enduring alterations in trade flows amidst these evolving geopolitical landscapes. Panelists: Nikolaos Michas, Global Tanker Segment Director, Lloyds Register Elpi Petraki, President, WISTA International Prof. Michael Fan, Chief Technology & Innovation Officer, Tsakos Energy Navigation (TEN) Ltd. Fotios Katsoulas, Associate Director, Lead Analyst Tanker Shipping & Alternative Fuels, S&P Global Commodity Insights Masrur Choudhury, Associate Editor – Freight Markets, S&P Global Commodity Insights Moderator: Pradeep Rajan, Associate Editorial Director, Asia Freight, S&P Global Commodity Insights
3:55pm	Networking and refreshment break
4:15pm	Dry bulk freight rate dynamics Analysis and projections of dry bulk freight markets. Anuj Garg, Associate Director, Principal Dry Bulk Shipping Research Analyst, S&P Global Commodity Insights Konstantinos Frentzos, Analyst / Editor, EMEA Shipping-Dry Bulk Freight Markets, S&P Global Commodity Insights
4:40pm	Dry bulk commodities and shipping outlook Intensifying geopolitical conflicts have had an impact on global dry bulk trade dynamics tightening freight market supply/demand balances. Dry Bulk shipping demand has remained strong despite a weakening Chinese economy while the supply growth remains muted and decarbonization is keeping a check on fresh newbuilds being ordered. The outlook for freight markets and cash flows remains strong. The panel will discuss prospects for Dry Bulk Freight markets in 2024 and beyond. The panel will also explore the role of information sharing, safety prioritization and environmental regulations in assessing the challenges and opportunities in the dry bulk shipping landscape. Panelists: Simon Ward, Director, Ursa Shipbrokers Kostas G. Gkonis, PhD, Director & Secretary General, INTERCARGO Galia Bereti, Head of Dry Bulk, Varamar Anuj Garg, Principal Dry Bulk Shipping Research Analyst, S&P Global Commodity Insights Moderator: Nikolaos Aidinis-Antonopoulos, MICS, Managing Editor, EMEA Freight Markets, S&P Global Commodity Insights
5:20pm	Closing remarks Rahul Kapoor, Vice President, Global Head of Shipping Analytics & Research
5:30pm	Networking reception
6:20pm	Event close