In a year where markets were resolutely focused on the long-anticipated IMO 2020 regulation, 2019 turned out to be one of the most volatile years on record for tanker freight. The extraordinary run of major incidents and vacillating geopolitical relations sent shock waves through the market causing the Baltic’s flagship TD3C route to peak at an unprecedented $300,000 per day in Q3.

Alongside increased safety risks and decision complexity for owners trading through the Gulf, freight risk exposure became an increasingly significant concern for commodity markets as traders ploughed volume into freight derivatives in a bid to mitigate risk and capitalise on rate volatility.

The Tanker Freight Risk Forum, hosted by the Baltic Exchange, supported by the FFA Brokers Association, is the annual market gathering for freight and oil traders globally. Taking place during IP week, attendees will hear from leading commentators including John Kemp from Reuters and Tim Smith from MSI as they share insights on tanker demand, supply and the outlook for both markets in 2020.

Alongside an update from the Baltic, traders and brokers will openly discuss market benchmark development alongside evolving trade patterns and other major industry issues impacting trade in both physical and FFA markets.

Agenda

13:00 – Lunch Registration

14:00 – Market Developments and the Baltic Exchange: Mark Jackson, Chief Executive Officer, The Baltic Exchange

14:20 – Oil Markets: Fundamentals and outlook by John Kemp, Senior Market Analyst, Commodities and Energy, Reuters News

15:00 – Tanker Market Keynote: Tim Smith, Senior Analyst, Maritime -Maritime Strategies International

15:35 – Coffee break

15:50 – Market Issues Panel Session

  • Chair:  Adrian Wooldridge;Chair – Baltic Exchange Advisory Council – Wet
  • Tom Stockton; Chair – FFA Brokers Association and Clarkson Platou Futures
  • Vivek Srivastava;  Shipping Industry Economist & Strategist
  • Tim Smith, Senior Analyst; Maritime Strategies International
  • Mark Jackson; CEO – Baltic Exchange
  • James Pendered; Senior Freight Market Reporter – Baltic Exchange

16:30 – Drinks reception at The Clarence, Dover Street

Registration and further details here.