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The Baltic is the official magazine of The Baltic Exchange.

Special supplement The Baltic: Asia-Pacific Shipping is published by Stroudgate Australasia Pty Ltd., Level 3, 43-45 East Esplanade, Manly, NSW 2095, Australia. Telephone +61 2 9976 3438 Fax +61 2 9976 2830 Email: admin@stroudgate.net Website: www.stroudgate.net Managing Director: Bruce Adams Editor: Jez Ford Production Editor: Stew O’Brien Editorial Assistant: Isaac Wilson UK Editor: Roger Overall Advertising Sales Director: David Collett Sales Executives: Ivan Moric, Phillip Jones Administration: Amy Sams, Lucy Spicer Website Design: Phil Dodd

Cover: Australia TradeCoast. Picture credits: Anglo-Eastern, APL, ConocoPhillips, Government Information Office, R.O.C., Hobart Ports Corporation, Hong Kong Trade Development Council, Japanese Shipowners’ Association, KR (p19), Korean National Tourism Office, Maritime and Port Authority of Singapore, Melbourne Port Corporation, Port of Tanjung Pelepas, Ports Corporation Queensland, Shanghai Municipal Government’s International Shipping Centre Construction Administration, Tasman Orient
All rights reserved.

The Baltic: Asia-Pacific Shipping, published on behalf of the Baltic Exchange, is supplied to members as part of their annual membership package. However, the views expressed in Asia-Pacific Shipping are not those of the Baltic Exchange, its directors, its officers or the publishers unless expressly stated to be such. The Baltic Exchange is the world’s premier and oldest international shipping market. Most of the world’s open market bulk cargo chartering is negotiated at some stage by Baltic members who represent leading international companies. Other activities include the world’s most important market for buying and selling ships, specialist freight by air and commodity dealing. The Baltic Exchange operates a strict code of business ethics encapsulated in its motto ‘Our Word Our Bond’. The Baltic Exchange disclaims any responsibility for the advertisements contained in this magazine and has no legal responsibility to deal with them. The responsibility rests solely with the publisher.