JOIN US FOR A COMPLIMENTARY LIVE WEB SEMINAR
 |
|
 |
WEDNESDAY, JANUARY 27, 2010 11:00 AM EST
(4:00 PM LONDON) (5:00 PM PARIS) (6:00 PM ATHENS)
DURATION: 45 MINUTES FOLLOWED BY Q&A SESSION
LISTEN TO OUR EXPERT PANELISTS LIVE FROM YOUR OWN DESK
FREE Download of the PDF Presentation will be available.
|
 |
|
 |
Tanker Market Outlook 2010: What's on the Horizon?
Presented by
Media Sponsors
Panel Structure
The focus of the discussion (and the Q&A) will be on sector trend and fundamentals, and not on company specifics or company recommendations. McQuilling will focus upon historical events during 2009 and provide a broad overview for 2010 and beyond.
Overview
2009 was a difficult year for the global tanker industry. While strong freight markets during 2008 led ship owners to place record newbuild orders, the global credit crisis and the economic downturn saw shipping markets fall off the proverbial cliff. In 2009 reduced international trade and scarcity of bank debt have compounded the situation as tanker owners are faced with weak demand, sharply lower cash flows and restricted access to much needed capital.
The severity of the financial crisis dramatically impacted both the supply and demand of crude oil and petroleum based products. Going into 2010 and beyond, tanker owners are searching for clues as to when and where ton-mile demand will recover. The much anticipated retirement of the single hull tanker fleet continues to dominate the tanker supply side analysis. Today however, the tanker sector faces record orders for the delivery of vessels over the next several years. The investment required to fund these deliveries is well in excess of previous requirements but with subdued investor risk appetite the ship finance markets remain highly volatile and uncertain.
Understanding what the future may bring is now more critical than ever, however, market forecasting is by definition inaccurate and imprecise. In the current environment the challenges are magnified. Amidst this uncertainty, firms must develop a sound strategy for their future business activities and for projecting their performance.
Each year McQuilling Services publish the McQuilling Tanker Market Outlook which examines 11 tanker trade routes for eight tanker sectors over the next five year period. This webinar presents an overview of the results of this work. We will take listeners through oil supply and demand, tanker tonnage supply and demand, asset markets and an overall tanker market outlook. A discussion on the global economic context for the outlook, methodology and quantitative results is included. A question and answer session will follow the main presentation.
The discussion will cover oil tanker fundamentals:
- Supply & demand of crude and petroleum based products (both refined and unrefined)
- Supply & demand of tankers, including newbuild orderbook, exits & short term supply factors
- Overview of equipment prices and tanker sale and purchase market
- FFA derivative market overview and outlook
- Oil tanker market outlook
Participants
- Ship Owners
- Ship Yards
- Trading Houses
- Investment Banks
- Marine Equipment Suppliers
- Media
|
|
- Investors
- Hedge Funds
- Private Equity Firms
- Equipment Lease Funds
- Consulting Firms
- Sovereign Wealth Funds
|
Featured Panelists
|
Mr. John M. Schmidt
President
McQuilling Partners
|
Mr. Schmidt is the President for McQuilling Partners, LLC. He brings to this position over 25 years of broad experience in the maritime industry. Mr. Schmidt graduated the United States Merchant Marine Academy (Kings Point) in June 1982 with a Bachelor of Science in Marine Engineering. He was subsequently recruited as a Marine Engineer by the Department of Environmental Protection in New York City.
In September 1983, he joined Seabrokers (H. Clarksons New York subsidiary), initially working as a spot clean tanker broker and over the years earned the responsibility to manage the ULCC, VLCC and Suezmax client accounts. Mr. Schmidt was appointed a director of Seabrokers in 1987. In May of 1992, Mr. Schmidt joined McQuilling Partners, Inc. He was made a partner and was subsequently appointed to the board of directors. In April of 1998, he was made Vice President of McQuilling with the responsibility of Head of Spot Chartering.
In April 2005 Mr. Schmidt was appointed President of McQuilling and in January 2007 was named Chief Operating Officer with overall responsibility of McQuilling Partners and all of the subsidiary companies. Mr. Schmidt currently dedicates most of his time managing term charter and special project transactions.
|
Mr. David J. Saginaw
Commercial Director
McQuilling Services
|
Mr. Saginaw is the Commercial Director for McQuilling Services, LLC. He brings to this position over 25 years of broad experience in the maritime industry.
Trained as a Naval Architect at the University of Michigan, Mr. Saginaw worked for several years at National Steel and Shipbuilding in San Diego, California where he played a key role in the introduction of modern ship production techniques.
Returning to Michigan for further academic studies he also taught applied economics, shipping and ship production and graduated with joint advanced degrees in Naval Architecture (Master's of Science in Engineering) and Business Administration (Master's of Business Administration).
A decade-long career with Chevron Shipping Company included commercial and operational management responsibility and technical positions. Mr. Saginaw's tenure at Chevron concluded with managing the scheduling and deployment of the company's proprietary and chartered fleet.
In 1997 he formed McQuilling Services, LLC., a marine transportation consulting enterprise and has led the firm on a path of continued growth in service offerings and clients since that time.
|
Mr. James Ronan
Freight Derivatives Desk Head
GFI - McQuilling
|
Mr. Ronan graduated from the United States Merchant Marine Academy in 2002 with a B.S. in Marine Transportation and Intermodal Logistics, USCG 3rd Mates License, and commission as an Officer in the United States Marine Corps.
Upon Graduation from Kings Point, he immediately entered active duty as an officer in 1st Tank Battalion, 1st Marine Division. While serving on active duty, Mr. Ronan deployed to Iraq where he participated in combat operations in support of Operation Iraqi Freedom. Mr. Ronan was honorably discharged from active duty in 2006.
Following active service he joined GFI-McQuilling as a freight derivatives broker and in 2008, became GFI-McQuilling Freight Derivatives Desk Head in New York. He and his team provide market intelligence in order to facilitate the financing and hedging requirements for North/South American shipping companies, Oil Companies, Banks, and Hedge Funds.
Q&A Session
Participants can submit questions to the panelists prior to or during the event through the special feature on the event page, or they can email them to us at
questions@CapitalLinkWebinars.com.
The Tanker Market Outlook Forum is organized by Capital Link, a New York-based Investor Relations and Financial Communications firm with strategic focus on shipping,
Registrants can download the PowerPoint Presentations from this webcast
A Free and Invaluable Resource
This webinar will also be available on demand at any time after the live broadcast.
Transcript
A transcript of the panel discussion will be publicly available at no cost within approximately 48 hours after the event and those interested can request it when they register for the event or afterwards through the event page at websites indicated.
About McQuilling Partners
McQuilling Partners provides chartering, sale and purchase, operations, research, project management and ship finance services to a global clientele. McQuilling Partners was formed 37 years ago in 1972 and offered ship-brokering services to the tanker industry from offices located at 17 Battery Place in Manhattan. Serving an increasing number of U.S. and international charterers and owners, McQuilling has grown prudently over the years. The commitment to quality, service and reliability remained the same during this period, even as the client base continued to expand.
McQuilling Partners is a privately held firm numbering approximately 80 people, specializing in the marine transportation of crude and petroleum products for a global client base. Representing broad commercial experience in the international tanker markets, McQuilling provide professional, reliable and personalized service to our clients from offices located in New York, Houston, Caracas, Lima, Mexico City and Singapore.
The Chartering Group consists of experienced brokers who focus on spot and period tanker chartering in the major international crude and petroleum product markets. Through a joint venture with GFI, McQuilling have a dedicated FFA desk. McQuilling leverage their in house physical and derivative capabilities to provide their clients with comprehensive and long term risk management and trading strategies.
The Sale & Purchase department focus upon marine equipment sale and purchase transactions. Extensive relationships with both new build and repair ship yards are used to develop tailored, client driven asset management and investment strategies. McQuilling Partners have a dedicated Operations team located around the globe to provide clients with comprehensive post fixture and voyage management support 24/7.
McQuilling Services adds another dimension to the firm by providing consulting and research services to an international client base.
About McQuilling Services, LLC
McQuilling Services, LLC is a business consulting enterprise, formed in 1998 to provide marine transportation advisory services to a global clientele. We combine our broad backgrounds, strengths and experience with a worldwide network of professional relationships to provide our clients with individually crafted solutions.
The primary focus of McQuilling Services, LLC is to provide our clients with commercial consulting services related to global seaborne transportation. Our approach is to develop products and services based on specific client requirements, data, and the systematic employment of quantitative methods. We develop and execute tailored solutions within the marine transportation sector.
We combine senior experienced personnel who represent the core of our advisory capabilities with exceptional industry partners to produce a team of directed experts who address specific client requirements. In this way, we bring the right combination of skills and experience to support our clients' needs in a highly cost effective manner.
The firm offers expertise in the following areas and encourages specific and unique requests:
- Management consulting including strategy development and implementation; organizational design; and process improvement
- Business development including industry analysis; business modeling; and enterprise valuation
- Ship finance advisory including financial markets analysis and transaction origination, negotiation and support
- Marine logistics analysis including supply logistics optimization; fleet composition; coverage analysis; and voyage economics
- Market research including both historical analysis and forecasting for shipping markets
- Information technology application to marine transportation commercial work processes
- Ship construction & repair advisory, technology transfer, marketing analysis and representation
- Personnel training and maritime industry seminars directed to client needs
About GFI Group
Formed in 1987, GFI is a leading provider of wholesale brokerage services and trading support products in a multitude of global cash and derivatives markets, including credit derivatives and fixed income, foreign exchange and financial derivatives, equity, energy and commodities.
In 2005, GFI and McQuilling partnered to create a wet freight derivatives broking desk in order to bring together the shipping expertise of McQuilling Partners and the derivative experience of GFI. GFI-McQuilling aims to increase liquidity by helping oil companies, ship owners, and other users of shipping capacity to better manage volatile shipping costs through freight derivatives. It is through this relationship that GFI-McQuilling provides unrivalled access to this rapidly growing market.
In addition to providing brokerage service to over 150 clients worldwide, GFI-McQuilling offer Analytics, Market Data, Research and Technicals. GFI is a market leader in providing pricing and risk management tools. Through the use of the tools GFI helps market participants to:
- Manage freight exposure
- Evaluate trends across FFA contracts
- Hedge against freight costs
- Determine availability of time charter routes
- Forecast and model world scale flat rates
About Capital Link
Capital Link is a New York-based Investor Relations and Financial Communications firm. Capitalizing on our in-depth knowledge of the shipping industry and capital markets, Capital Link has made a strategic commitment to the industry becoming the largest provider of Investor Relations and Financial Communications services to international shipping companies listed on the US and European Exchanges. Capital Link's headquarters are in New York with a presence in London and Athens.
In our effort to enhance the information flow to the investment community and contribute to improving investor knowledge of shipping, Capital Link has undertaken a series of initiatives beyond the traditional scope of our investor relations activity, such as:
- www.CapitalLinkShipping.com: A web based resource which provides information on the major shipping and stock market indices, as well as on all shipping stocks. It also features industry reports from major industry participants and interviews with CEOs, analysts and other market participants. The information on the website is not an offer to buy or sell any kind of securities nor does it constitute investment advice of any kind. Capital Link does not represent or warrant the accuracy of the information in this site. The user of the site acknowledges that he/she accesses the information at his/her own risk and cannot hold Capital Link liable for any matter in any way and will use the website in accordance with the Terms and Conditions specified on the website.
- Weekly Capital Link Shipping eNewsletter: Weekly distribution to an extensive audience in US & European shipping investor community.
- Sector Forums & Webinars: Periodically, we organize panel discussions among CEOs and analysts on various shipping sectors (containers, dry bulk, tankers) and on other topics of interest.
- Capital Link Investor Shipping Forums: in New York, Athens and London, which bring together investors, financial advisors, listed companies CEOs, analysts, and shipping industry participants.
- www.MaritimeIndices.com: Capital Link Maritime Indices: Capital Link developed and maintains a series of stock market maritime indices which track the performance of U.S. listed shipping stocks (CL maritime Index, CL Dry Bulk Index, CL Tanker Index, CL Container Index, CL LNG/LPG Index, CL Mixed Fleet Index, CL Shipping MLP Index - Bloomberg page: CPLI).
Achieve Maximum Visibility as the Exclusive Presenter/Sponsor of a Capital Link Shipping Webinar
When was the last time you were able to talk to a global audience about your company's products and services? We can help you do that with one of our cost-effective, high-return Webinars.
The Capital Link Shipping Webinar Series provides numerous live and on-demand playback investor webinars throughout 2009 focused on topics of contemporary interest in the global shipping industry. As a sponsor of one of these webinars, your company will provide updates and enlightenment on issues of importance while aligning your organization with the interests of our audience. Sponsors of these webinars receive recognition and exposure for their brand, as well as the ability to offer a white paper or powerpoint presentation at registration to webcast attendees to generate leads.
For more information on webinar sponsorship opportunities, please contact Vincent Tricoli at vtricoli@capitallink.com or call +1 212 661-7566.
|
Capital Link - New York - London - Athens
230 Park Avenue • Suite 1536 • New York • New York 10169, USA • Tel.: +1 212 661 7566 • Fax: +1 212 661 7526
Longcroft House,2-8 Victoria Avenue, London, EC2M 4NS, U.K • Tel. +44(0) 203 206 1320 • Fax. +44(0) 203 206 1321
40, Agiou Konstantinou Str, Suite A 5, 151-24 Athens, Greece • Tel. +30 210 6109 800 • Fax +30 210 6109 801
www.capitallink.com • www.capitallinkshipping.com • www.capitallinkforum.com
www.capitallinkwebinars.com • www.capitallinkportals.com
