Shipping Markets & Ship Operations
Decoding the Profit Mantra in a Challenging Markets
29th November 2012, The Leela,Mumbai

'Shipping Markets & Operations' seminar held in Mumbai

Bouquet of issues debated at Knowledge meet

The mood is still sombre in the shipping markets, thanks to the recession that hit in 2008. Every sector related to shipping is affected and, now, a significant number of ships are under the control of banks. How long will the maritime world remain in the dark and when will the fraternity see the light? With soothsayers and some sector leaders saying that 2014 may be the turnaround year, industry stalwarts and academicians got together to decode these challenging markets, theorise about the best time to buy ships, and how to emerge in the green in these testing times. 

An educational initiative of Endeavour Creatives, the shipping academic conference was held at Mumbai's Leela Hotel on November 29. Soon after the inauguration and welcome address by Capt Kamal Chadha- Editor, Marex Media- Mr CK Sharma, Academic Advisor, Endeavour Creatives & MD Shipping, OPG Power Generation, introduced the Chief Guest Mr Nigel Bell, MD of Bell Shipping. 

'Anyone in India who thinks of buying a ship knows Nigel Bell', said Mr Sharma. 

Mr Bell spoke about the opportunities in present markets, emphasising the real options available for both owners and charterers to take advantage of long-term planning. 

Mr Jagmeet Makkar, who is the Executive VP of Noble Chartering, threw light on shipping operations- where he said a profitable mix could be created by optimising speed, bunkers, voyage planning and CP clauses. 

A forecast of the freight market was provided by Mr Ashok Jain, MD, Diamond Shipbrokers. Simplifying the challenges in the current market, Mr Jain briefly explained the basic shipping cycle, pillars defining the freight cycle, and the Baltic Index. 

The networking lunch was succeeded by Mr Sharma holding a shipping quiz, which participants learnt from and enjoyed as well. 

Not ignoring the eyes with which humans see the world around them, the organisers had invited Dr Vinay Agrawal for the benefit of the delegates. The renowned ophthalmologist advised how to take care of the eyes, the precautions to be taken for the benefit of one's vision and the benefits of technology. Dr Agrawal shattered some myths as he spoke realistically about eye care. 

Getting the right cargo and charter combination is indeed a difficult task. Capt Rahul Bhargava, Head-Chartering & Operations, Essar Shipping, spoke on this subject through vivid animated presentations. He spoke about matching iron ore, coal, steel, crude oil and containers to ship purchase, COAs, time charters, and spot trading options. 

Penultimately, Mr Sharma, at his witty best, provided words of wisdom for managing risk with knowledge through real case studies in ship operations. 

A knowledge sharing session with panellists Capt Satish Deshmukh, Mr S Swaminathan, CEO, Kansa Maritime, and Mr Kailas Chati, Sr Surveyor, SGS India, took charge of the 'open house' and answered queries from the delegates. 

The lively day came to an end with the announcement of the winners of the quiz and a vote of thanks by Mr Alok Shirodkar, Sr Manager, Business Development, Endeavour Creatives.