Macro economy & Energy pattern
??Macro Economy & Energy Pattern
??◆ Federal Reserve declared increase of interest rates ; CNY joined the SDR basket
??◆ US-dominated TPP was periodically finalized; conflicts in Mid-East were upgraded again; along with ASEAN-centered RCEP and China-led Asia-Pacific FTAAP… how will the global political economy pattern be affected ?
??◆ China plans to accomplish 500 million SPR and 400 million commercial crude oil reserve by 2020: changes in China’s crude ????oil importing pattern and overseas investment
Shandong Teapot Refinery Focus
??◆ Status of Shandong Teapot Refineries??: capacity, products, newly-built or extension projects
??◆ Implementation Process of Using Right of Imported Crude Oil ; Current Situation of Port, Storage Tanks, Pipelines and Other Infrastructure Related
??◆ Future Planning and Shipping Demands of Major Teapot Refinerie??s??????
Oil Tanker Market
????Acquisition, merger and Pooling of shipowners:1 1>2?
??Tonnage seems to be an important factor for the shipowners to take more market share. China Shipping& COSCO, Sinotrans & CSC Holdings become a wholly-owned subsidiary of the China Merchants Group, Genmar&Navig8, Frontline2012&Frontline Tankers…
??◆ Will acquisition/merger/pooling be a trend? How will it impact global shipping market?
Dirty Tanker Market
VLCC Outlook
D??ay rates for VLCC’s are up 44% from the same period a year ago to $111,000 on the benchmark Arabian Gulf to Japan route. Average rates for VLCCs are now around 50% above their 25-year average spot rate, which sits just below $40,000 per day; China VLCC and other shipowners are accelerating expansion of their VLCC fleet.??
??◆ VLCC Shipping Market Outlook: Change in Fleet Supply, Freights and Shipping line
??◆ With current order book & delivery when will it actually impact VLCC market?
Suezmax tanker market is basically stable while Aframax Asian route is relatively active, with freights are relatively stable. However, in 2015, Aframax tankers are especially welcomed by the investors. In the first 8 months of 2015, there were 29 orders for Aframax tankers; By contrast, the newbuilding orders of Panamax tankers is fewer, and orders of the handy has also been kept at a low level since 2014.
??◆ Overview of Suezmax, Aframax and Panamax Market(Fleet Supply, Freights, Order Book, Shipbreaking)
??Transport Market of Refined Oil Products – Domestic market??
??Refined oil quality upgrading has been speeded up and the pricing mech??anism will be unveiled by beginning of 2016. How will ??it influence domestic trading market???
??◆ Domestic Product Tanker Market Outlook (Fleet Supply, Freights)
??◆ Costal Shipping Line Focus (Fleet Supply of Major Tonnage-Level Ships)
??◆ Seasonal & Regional Fleet Supply Differences
??◆ Costal ‘Swing’ tonnages’
Refined Oil Product Transport Market – International
????In 2015, about 200 MR product tankers were delivered; by the end of August 2015, there had been orders for 56 tankers, totally 4,800,000 DWT, which would be delivered between 2016 and 2017, most of which are LR2 and LR1.??
??????◆ Status of MR, LR1 & LR2 Ship Market Outlook (Fleet Supply, Freights)
??◆ To break former monopoly situation, teapot refineries are expected to win export quotas qualification. Will this benefit related product tanker market???????????????
Opportunities and Challenges
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???Panel Discussion & Brainstorming
????With opening of imported crude oil using rights & refined oil product exportation qualification quota, teapot refineries have a louder say in the international shipping market and become increasingly inspired to be a charterer.??
??◆ What else should these teapot refineries do to be an international charterer?
??◆ What make major international tanker owners hesitate when considering cooperation with teapot refineries?
Risks & Costs Control
??◆ New Marine Insurance Products??
??◆ Case Study & Practical Experience: How to Optimize Risk-control of Deepsea Shipping
??◆ In Era of Low Oil Price, How Will the Ship Owners Reduce Operation Costs Further???????
Terminal
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??◆ A Look Back at 2015 Terminal Market – Oil Storage Market Environment and Relevant Policies
??◆ Coastal Oil Storage Tank Distribution and Berths Status
??◆ Status of China’s State-Owned & Commercial Crude Oil Terminals?
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