Genco’s CEO on China Imports, Global Commodities, Industry Outlook

The video discusses shifts in global trade dynamics, focusing on soybean exports from the US, Brazil, and Argentina, and the impact of weather and politics. It also covers iron ore exports, shipping rates, and the Baltic Dry Index. The discussion extends to shipbuilding trends, environmental strategies, and the implications of IMO 2020 regulations.

What has been the primary reason for the increase in soybean exports from Brazil?

• Political stability in Brazil

• Weather issues in the US

• Increased domestic demand in Brazil

• Higher prices offered by China

How has the iron ore market been affected by the events in Brazil?

• Increased exports from Brazil

• Higher shipping rates

• Lower production in Australia

• Decreased demand in China

What is a significant factor contributing to the rise in shipping rates according to the Baltic Dry Index?

• Increased fuel prices

• Decreased global trade

• Low order book for new ships

• High demand for new ships

What is the expected time frame for the delivery of new dry bulk ships?

• 3 years

• 6 months

• 1 year

• 2 years

What strategy is GENCO adopting to reduce its fuel exposure?

• Ordering new ships

• Acquiring second-hand fuel-efficient ships

• Increasing the size of its fleet

• Installing scrubbers on all ships

What environmental strategy is being implemented on large Capesize ships?

• Reducing cargo load

• Using wind energy

• Installing scrubber systems

• Switching to solar power

How long does it take to recoup the investment in scrubber systems?

• 18 months

• 12 months

• 6 months

• 24 months