Dry Bulk Shipping Mastery: Strategies & Market Insights

Workshop Overview

The global dry bulk shipping industry is a cornerstone of international trade, responsible for transporting vital commodities like iron ore, coal, and grain. With billions of dollars at stake, understanding the intricacies of this market is crucial for businesses involved in global supply chains.

According to the McKinsey Report in January 2019, an estimated 90% of goods trade is facilitated by maritime shipping. The total annual volume of international seaborne cargoes exceeds 12 billion metric tons (MT), according to UNCTAD. The total international dry bulk cargoes are estimated to be around 5.6 billion MT in 2024, as per Clarksons Drybulk Trade Outlook.

The international seaborne dry bulk volume of about 5.6 billion MT annually consists of iron ore (1.5 billion MT), thermal and coking coal (1.3 billion MT), grain (0.5 billion MT), and minor bulk (2.3 billion MT), with transportation costs for the dry bulk generating billions of USD. Shipping dry bulk cargo is an integral part of the logistics chain, delivering cargo to customers. Owing to the significance and the financial impact of shipping transportation, most major miners/traders, such as Rio Tinto, BHP, Vale, Anglo American, Glencore, Cargill, ADM, and Bunge, to name a few, have created their own shipping arms. This move helps protect and improve their returns against freight market volatility by controlling the freight to optimize their profits. The dry bulk shipping market is dictated by the Baltic Dry Index (BDI), an index issued daily by a panel of shipbrokers and published by 3 pm London time. The BDI reflects market volatility over time and is commonly used by shipping professionals as a reference for their decision-making.

This workshop offers a deep dive into dry bulk shipping, covering essential aspects including freight calculations, market dynamics, contracts, and demurrage.

You will leave the workshop equipped to make informed decisions that optimize your shipping costs and improve your bottom line.

Benefits of Attending the Workshop:
  • Master the fundamentals of dry bulk trades: Understand essential trading routes, the diverse types of cargoes, and how to select the right bulk carriers for your needs.
  • Gain historical perspective: Analyze past trends in dry bulk trades to enhance your forecasting and current market assessments.
  • Decode the Baltic Dry Bulk Index (BDI): Learn how the index is calculated across the Capesize, Panamax and Supramax segments, empowering you to use it as a reliable decision-making tool.
  • Optimize thermal coal trades: Develop strategies tailored to international seaborne thermal coal trades, including efficient freight calculations.
  • Minimize costs with despatch and demurrage expertise: Understand principles governing despatch and demurrage to reduce unnecessary expenses and streamline your operations.
  • Navigate shipping contracts confidently: Become well-versed in the nuances of shipping contracts and charter parties, protecting your interests in complex transactions.
Who Should Attend
  • Supply chain and logistics professionals
  • Commodity traders and analysts
  • Shipping industry personnel
  • Investors interested in the dry bulk market
  • Anyone seeking in-depth knowledge of dry bulk shipping operations
About the Trainer

Mr. Mukhlisin Aziz

Mr. Mukhlisin Aziz brings over three decades of hands-on dry bulk shipping experience to the table, making him a recognized expert in the industry. His career trajectory showcases extensive experience in chartering, operations, and business development, spanning Capesize, Panamax, Supramax, and Handysize vessels and handling diverse commodities like iron ore, coal, and bauxite.

Mr. Mukhlisin has held senior positions at globally renowned companies like Kaltim Prima Coal (KPC), Rio Tinto Shipping in Melbourne, Norden Shipping Singapore, and Lauritzen Bulker Singapore.

His expertise has been instrumental in successfully developing and expanding dry bulk shipping businesses throughout the Asia-Pacific region.

Currently, Mukhlisin Aziz shares his vast knowledge by advising multiple companies in Indonesia, Singapore, and Malaysia, and conducting specialized shipping courses for major mining companies.

Mukhlisin’s career began at PT Kaltim Prima Coal, where he ultimately rose to the role of Marketing Manager. His commitment to continuous learning is evidenced by his participation in specialized shipping programs and training courses in England and Europe.

International Seaborne Dry bulk Trades
  • Details of trading routes
  • Map of Dry bulk Trading
  • Historical of Dry bulk Trades
Bulk Carrier World fleet
  • Definition of bulk carrier fleet
  • Proportion of Capesize, Panamax, Supramax and Handysize
  • Detail of Bulk Carrier Type
  • New Build and second-hand price,
  • Demolition of overage
Baltic Drybulk Index
  • Capesize Index
  • Panamax Index
  • Supramax Index
  • Voyage and Time Charter Index
Thermal Coal Trade
  • Major coal exporter/importer
  • Historical thermal coal prices
Freight Calculation
  • Vessel Description
  • Speed and Fuel Consumption
  • Loading/Discharging cargo
  • Brokerage/Address Commission
  • Spot Freight Market
  • Definition of Despatch/Demurrage
  • How the Demurrage rate determined
  • How to ensure demurrage rate related to market
  • Definition of Once on Demurrage always on Demurrage
Ship Chartering/Operations
  • How shipowners source the ship from the market to perform their contract
  • Type of Contract of Affreightment/Charter Party
  • Voyage Instruction
  • Dead freight Claim

June 12-13, 2024

*) Including conference materials, coffee breaks, luncheon *) Early bird Rp 7,500,000 (Until April 20, 2024) *) Cancellation Fee : 7 days before the event : 80%


Further Information

Whatsapp: +62-858-9999-8800

Telephone: +62-21-2245-8787

Email: marketing@petromindo.com

Register Now
*Please note that this is a draft program and subject to change prior to the conference.
Organized by:
petromindo coalmetal