Webcasts
Container Shipping Outlook: The Asia-Europe Trade
The Red Sea attacks that forced ocean carriers to divert Asia-to-North Europe and Mediterranean services around the southern tip of Africa allowed container shipping to address its two main challenges heading into 2024: overcapacity and low-rate levels. Carriers will take delivery of nearly 2 million TEU of new capacity this year, a significant portion of which will be mega-ships that can only be deployed on the trades between Asia and Europe. While BIMCO estimates the Africa diversions are absorbing up to 9.5% of the excess capacity as carriers add ships to loops to maintain weekly schedules, economic growth in the Eurozone is forecast to be just 0.9% this year, only a slight improvement from 0.5% growth in 2023. Average spot rates from Asia to North Europe were less than $1,000 per TEU in late November 2023 but quickly rose when the Red Sea attacks began, peaking in mid-January at more than $5,000 per TEU before falling sharply. By early April, spot rates had lost more than a third of the gains made since December. Asia-Europe supply chains now have settled into the longer voyages with the Africa diversions expected to remain at least through the peak season. But the underlying challenges of overcapacity and downward rate pressure are reasserting themselves on the market. There is more than enough available capacity to cover the demand this year, even with the Red Sea crisis, and as soon as transits via the Suez Canal resume, rates will almost certainly collapse.
This webcast, led by Europe editor Greg Knowler will analyze these factors and more that will determine the course of the Asia-Europe trade this year.
Moderator:
Greg Knowler, Europe Editor, Journal of Commerce by S&P Global
Speaker(s):
Jochen Gutschmidt, Senior Advisor-Inland Supply Chain and Logistics, Lidl
Marc Meier, Managing Director Air & Sea Logistics EMEA, DACHSER
Niels Rasmussen, Chief Shipping Analyst, BIMCO
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Register NowCanada Shipping and Trade Outlook: What a Strong Start to 2024 Means for Freight Interests
Partner:
The Canadian economy is surprising economists, spurring S&P Global to upgrade its GDP outlook for this year to 1.7% on the back of stronger-than-expected exports and imports at the start of 2024. Rising Asian imports reflect a normalizing container shipping market, although port fluidity hinges on railcar supply and labor peace amid Montreal longshore contact negotiations. At the same time, legislation that would prevent railroads and ports to replace workers during a strike or lockout is gathering apace, the opposite of what the industry is seeking after a two-week-long strike closed British Columbia ports last year. This webcast will offer a broad Canadian economic outlook and implications for trade, followed by the highlighting of major freight developments and supply chain challenges ahead.
Moderator:
Mark Szakonyi, Executive Editor, Journal of Commerce by S&P Global
Speaker(s):
Brian Martin, President and Principal Consultant, BrightChain Consulting
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Register NowMidyear Port Performance Report: The State of North American Cargo Flow
Moderator:
Bill Mongelluzzo, Senior Editor-West Coast, Journal of Commerce by S&P Global
Speaker(s):
TBC
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The JOC Top 100 Importers: Analyzing the Rankings
Moderator:
Mark Szakonyi, Executive Editor, Journal of Commerce by S&P Global
Speaker(s):
TBC
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The JOC Top 100 Exporters: Analyzing the Rankings
Moderator:
Mark Szakonyi, Executive Editor, Journal of Commerce by S&P Global
Speaker(s):
TBC
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Midyear Container Shipping Report: How the Economy, Consumer Trends, and Logistics Shifts Are Impacting the 2024 Peak Season
Partner:
Moderator:
Bill Mongelluzzo, Senior Editor-West Coast, Journal of Commerce by S&P Global
Speaker(s):
TBC
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Midyear Trucking Report: The Second-Half Outlook
Partner:
Moderator:
William Cassidy, Senior Editor, Trucking and Domestic Transportation, Journal of Commerce by S&P Global
Speaker(s):
TBC
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Midyear Breakbulk and Project Cargo Outlook
Moderator:
Janet Nodar, Senior Editor, Breakbulk, Project, and Heavy-Lift Shipping, Journal of Commerce by S&P Global
Speaker(s):
TBC
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European Shipping and Trade Outlook: The Trans-Atlantic
Moderator:
Greg Knowler, Europe Editor, Journal of Commerce by S&P Global
Speaker(s):
TBC
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AI and the Logistics Technology Revolution: Where Automation Makes the Most Sense for Shippers
Partner:
Moderator:
Eric Johnson, Senior Editor, Technology, Journal of Commerce by S&P Global
Speaker(s):
TBC
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Port Performance Report: The State of European Flow
Moderator:
Greg Knowler, Europe Editor, Journal of Commerce by S&P Global
Speaker(s):
TBC
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Fourth Quarter Trucking Report: Analyzing the Peak Season
Moderator:
William Cassidy, Senior Editor, Trucking and Domestic Transportation, Journal of Commerce by S&P Global
Speaker(s):
TBC
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The Refrigerated Supply Chain: 2024 Review and Outlook
Moderator:
TBC
Speaker(s):
TBC
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Global Shipping Report: Analyzing the 2025 Outlook
Partner:
Moderator:
Mark Szakonyi, Executive Editor, Journal of Commerce by S&P Global
Speaker(s):
TBC
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Port Performance North America: The State of Flow as a New Year Approaches
Moderator:
Bill Mongelluzzo, Senior Editor-West Coast, Journal of Commerce by S&P Global
Speaker(s):
TBC
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Recent News and Analysis
Maritime News
- Breakbulk24: Shipping should watch for impact of elections on climate rules: S&P
- Rate slide slows on Asia-Europe ocean trade, with hefty hikes set for May
- Opinions mixed on potential for disruption as ILA contract deadline inches closer
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- MSC targets booming vehicle carrier market with $700 million bid for Gram
Surface News
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Air Cargo News
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- Expected growth in air, ocean volume 'a silver lining’: Kuehne + Nagel
- Supply-demand disruption continues to elevate South Asia air cargo rates
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- Sustained demand for e-commerce to lift 2024 air cargo market: forwarders
Supply Chain News
- Visibility providers attack persistent gaps in intermodal rail milestones
- UPS volume improves, but consumers shifting toward lower-priced services
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- Warehousing demand in Southern California lagging import surge, for now