Trans-Pacific Container Shipping: Bracing for a Transformational Year

Trans-Pacific Container Shipping: Bracing for a Transformational Year

Even before last October’s announcement that the three Japanese shipping companies would merge their container operations, and the December announcement that Maersk would acquire Hamburg Sud, 2016 was already the most transformational year in the 60 years of container shipping. COSCO and China Shipping merged. CMA CGM acquired APL, Hapag-Lloyd agreed to acquire UASC and Hanjin collapsed. That led to a massive restructuring of global vessel-sharing alliances that will take effect in just weeks. Meanwhile, with ocean carriers still struggling with overcapacity that most analysts say will remain at least for the next two years, if not longer, shippers are facing a new environment with many unknowns. Trans-Pacific spot rates following the Aug. 31 Hanjin collapse were over $1,800 per 40-foot container, more than two-and-a-half times the level in June when they were below $700, and they’ve held fairly firm as carriers increase scrapping levels and idle ships. Throw in the new Trump administration and its protectionist rhetoric that appears to be turning into policy, and the trans-Pacific is in the midst of a sea change. Given all these moving parts, what is the pricing and demand outlook for 2017? How will the new alliance rollouts impact service? And how will the new administration’s policies impact US importers and exporters? 

This webcast, to be held in the wake of the 17thAnnual TPM Conference, will examine these questions and more.

Moderator:

Chris Brooks, Executive Editor, The Journal of Commerce and JOC Events, Maritime & Trade, IHS Markit

Speakers:

Jonathan Gold, Vice President of Supply Chain and Customs Policy, National Retail Federation

Chas Deller, Principal, 10XOCEANSOLUTIONS

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Interested in sponsoring this webcast? For more information, please contact Tony Stein at Tony.Stein@ihs.com

 

 

Thursday, March 23, 2017 - 14:00