On February 22, 2011, Shanghai International Shipping Institute (SISI) held a press briefing in its conference room on the third floor to officially release four Shipping Market Analysis Reports, focusing respectively on the 2010 review and 2011 outlook of international dry bulk shipping market, international container liner shipping market, international tanker shipping market and Chinese coastal dry bulk shipping market.

At the meeting, Director Zhang Jieshu of SISI Shipping Market Analysis Department delivered a welcome speech to all participating reporters. Then Analyst Zhang Yongfeng of the Department made a brief introduction to the forecast on the four markets in 2011 and some hot issues.

Picture 1: At the press briefing

According to the reports, global economic recovery is basically a definite trend in 2011. Despite a fat chance for a “double dip” recession, the economic growth will slow down due to expected inflations, the acuity of imbalanced recovery and other factors, leading to a slow growth in shipping trade volume on the shipping market. To be specific, the supply-demand relation remains relatively stable on the international container market, with the problem of overcapacity still existing or getting even worse on certain routes. For the dry bulk market, the trade volume of bulk cargoes reveals a significantly weaker growth. The dry bulk fleet expands its capacity at an alarming speed, far greater than the growth in shipping volume, indicating a gloomy outlook on tanker freight rate. As for tanker shipping, although the growth in global oil trade will gradually slow down, the shipping capacity is expected to drift upwards. Therefore, the tanker freight rates will allow no optimism, declining somewhat from the 2010 level. For the coastal dry bulk market, driven by China’s economic growth, the total demands in the domestic costal bulk market will pick further up, fluctuating amidst adjustments throughout the year. The freight rates remain basically unchanged as compared with 2010, despite prominent fluctuations due to seasonal factors. CCBFI will stay at around 1200-2000 points.

In order to actively cope with the complex and volatile shipping market in the future, the reports analyze some hot issues, and put forward corresponding measures to the shipping market for reference.

After the analysis on the development trend of the shipping market in 2011, reporters and analysts made extensive discussions, exchanging views on any hotspots about the shipping market and issues of common concern.

After stepping out of the bottom in 2010, how does the global shipping market realize a recovery? How will the international container, dry bulk and tanker shipping markets and China’s coastal dry bulk shipping market develop in 2011? Which factors will exert great impacts on future shipping market? All these and more questions have been given detailed answers in the Shipping Market Analysis Reports: 2010 Review and 2011 Outlook. For more information about the reports, please contact SISI.

Contact: Mr. Tong at 021—65853850-8005