Key shipping themes from HSBC inaugural Global
Commodities Conference
ƒ¤ Demand generally positive; supply mitigated by deferment of
deliveries but still faces risk because of huge order books
ƒ¤ Acquisition of vessels to replace ageing fleet viewed as
feasible with ship prices unlikely to get lower
ƒ¤ Discussions support our case for positively viewing
acquisitions of bulkers at current lower prices