Growth & Trade Disruptors

Sofia Kokkini- Deputy Managing DirectorMarine Money Greece, October 15th 2019

Sale & Purchase Brokers- Marine Insurance – Market Research – Ship Valuations

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Growth & Trade Disruptors

Golden Destiny – Sofia KokkiniMarine Money Greece 15/10/2019

What is a disruptor:

According to CAMBRIDGE DICTIONARY, to disrupt is

to prevent something, especially a system, process, or event, from continuing as usual or as expected.

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Growth & Trade Disruptors

Golden Destiny – Sofia KokkiniMarine Money Greece 15/10/2019

Dry side

The two major disruptors in the dry market are:

• The US tariffs • Animal bacteria – known to everyone as swine flue

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Source: Thompson reuters

Stimulus measures

Chinese growth – Iron Ore / Coal %

%

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Golden Destiny – Sofia KokkiniMarine Money Greece 15/10/2019

Tariffs – soya imports

China has counter imposed tariffs on over 1,000 US Agricultural & related products

Growth & Trade Disruptors

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Golden Destiny – Sofia KokkiniMarine Money Greece 15/10/2019 6

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Growth & Trade Disruptors

Golden Destiny – Sofia KokkiniMarine Money Greece 15/10/2019

Wet sideThe wet side has been disrupted by

• Geopolitics• New regulations

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Golden Destiny – Sofia KokkiniMarine Money Greece 15/10/2019

Vlcc charter rates

VLCC t/c rates Middle East Gulf - Singapore

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Drone attacks

Cosco’sblacklisting

Golden Destiny – Sofia KokkiniMarine Money Greece 15/10/2019

IMO 2020

Growth & Trade Disruptors

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Bunker Spread Between IFO 380cst & MGO in SPORE

Source:shipandbunker.com 14

Growth & Trade Disruptors

Golden Destiny – Sofia KokkiniMarine Money Greece 15/10/2019

• 2 tier market

• Bunker storage

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Golden Destiny – Sofia KokkiniMarine Money Greece 15/10/2019

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