Name: Shaerf on Shipping Industry's Debt Burden, Paying for New Ship Orders (Video)
Uploaded: Jan 8, 2012, 11:00 PM EST
Description: [Editorial note: image removed/no longer available] Peter Shaerf, managing director of AMA Capital Partners, talks about the debt burden hanging over the shipping industry, how the industry will have to pay its debts down and why it will have to turn to new financing sources to pay for new ship orders.

[Editorial note: image removed/no longer available] Peter Shaerf, managing director of AMA Capital Partners, talks about the debt burden hanging over the shipping industry, how the industry will have to pay its debts down and why it will have to turn to new financing sources to pay for new ship orders.

<div class="phx-topic abstract-wrapper"><p>The long-term effects of US tariffs and the removal of the de minimis exemption has disrupted established air cargo flows and is clouding the industry outlook for the year.</p></div>

The long-term effects of US tariffs and the removal of the de minimis exemption has disrupted established air cargo flows and is clouding the industry outlook for the year.

Feature image

Trans-Pacific air cargo market flying into turbulent second half

<div class="phx-topic abstract-wrapper"><p>From his hometown hub of Memphis, Fred Smith built FedEx from a $4 million inheritance to an $88 billion behemoth.  </p></div>

From his hometown hub of Memphis, Fred Smith built FedEx from a $4 million inheritance to an $88 billion behemoth.

Fred Smith, FedEx founder and visionary, dead at 80

<div class="phx-topic abstract-wrapper"><p>The loss of An-124 heavy-lift air capacity will force a modal shift to ocean or a reduction in cargo sizes to fit into smaller craft, experts say.</p></div>

The loss of An-124 heavy-lift air capacity will force a modal shift to ocean or a reduction in cargo sizes to fit into smaller craft, experts say.

Market seeks to navigate medium-term cuts to heavy-lift air cargo capacity

<div class="phx-topic abstract-wrapper"><p>But a rise in demand for general cargo will not be enough to offset the sharp decline in e-commerce shipments that followed the US clampdown in May on low-value imports from China. </p></div>

But a rise in demand for general cargo will not be enough to offset the sharp decline in e-commerce shipments that followed the US clampdown in May on low-value imports from China.

Signs of air cargo recovery on the trans-Pacific as freighter aircraft return

<div class="phx-topic abstract-wrapper"><p>The acquisition of Cole Group brings Mullen trade consulting and additional non-asset logistics leverage in the US and Canada.</p></div>

The acquisition of Cole Group brings Mullen trade consulting and additional non-asset logistics leverage in the US and Canada.

Acquisition expands Canada’s Mullen Group customs brokerage, forwarding

<div class="phx-topic abstract-wrapper"><p>The federal watchdog agency said the US Maritime Administration has financial levers to help the domestic shipbuilding industry but doesn’t know their effectiveness.</p></div>

The federal watchdog agency said the US Maritime Administration has financial levers to help the domestic shipbuilding industry but doesn’t know their effectiveness.

US shipbuilding incentives need more oversight: GAO

<div class="phx-topic abstract-wrapper"><p>Longer transits around southern Africa, restructured alliance networks and bottlenecks in Asia continue to cause ships to arrive outside their scheduled European arrival windows.</p></div>

Longer transits around southern Africa, restructured alliance networks and bottlenecks in Asia continue to cause ships to arrive outside their scheduled European arrival windows.

Ocean carriers adjust calls as congestion chokes European hubs

<div class="phx-topic abstract-wrapper"><p>The push and pull of US support for decarbonization efforts puts a question mark over potential project cargo demand.  </p></div>

The push and pull of US support for decarbonization efforts puts a question mark over potential project cargo demand.

Mixed US policy on carbon capture clouds project cargo demand

<div class="phx-topic abstract-wrapper"><p>While vessels on the lead West India-US East Coast networks have continued to sail full, forwarders have linked the “sold-out” experience to capacity cutbacks and consequent cargo rollovers. </p></div>

While vessels on the lead West India-US East Coast networks have continued to sail full, forwarders have linked the “sold-out” experience to capacity cutbacks and consequent cargo rollovers.

Container lines pull back on India-US pricing push

<div class="phx-topic abstract-wrapper"><p>The fresh capacity carriers rushed into the US’ busiest trade lane in April and May is no longer needed, sending rates on a downward spiral and forcing carriers to shelve proposed price hikes.</p></div>

The fresh capacity carriers rushed into the US’ busiest trade lane in April and May is no longer needed, sending rates on a downward spiral and forcing carriers to shelve proposed price hikes.

Excess capacity sinks planned July 1 rate increase in eastbound trans-Pacific

<div class="phx-topic abstract-wrapper"><p>The procedural reauthorization bill would provide funding for the agency for the next three fiscal years and add more outside expertise on ports and ocean carriers.</p></div>

The procedural reauthorization bill would provide funding for the agency for the next three fiscal years and add more outside expertise on ports and ocean carriers.

Congress seeks reauthorization of FMC through 2029

<div class="phx-topic abstract-wrapper"><p>The groups want the US customs agency to rule that tariffs should be assessed according to a good’s origin port, not a secondary port through which it might have been transshipped. </p></div>

The groups want the US customs agency to rule that tariffs should be assessed according to a good’s origin port, not a secondary port through which it might have been transshipped.

Shipper groups urge CBP to clarify tariff transshipment confusion

<div class="phx-topic abstract-wrapper"><p>The Global Cold Chain Alliance urged European leaders to recognize the importance of investment in logistics for the resilience of Europe’s food supply chain. </p></div>

The Global Cold Chain Alliance urged European leaders to recognize the importance of investment in logistics for the resilience of Europe’s food supply chain.

Cold chain industry calls for greater support from European lawmakers

<div class="phx-topic abstract-wrapper"><p>The trade group of ocean carriers is exempt from US antitrust scrutiny under an agreement it filed with the FMC five years ago, but the agency is now questioning that arrangement.  </p></div>

The trade group of ocean carriers is exempt from US antitrust scrutiny under an agreement it filed with the FMC five years ago, but the agency is now questioning that arrangement.

FMC probes legal standing of World Shipping Council agreement

<div class="phx-topic abstract-wrapper"><p>Loup Logistics provides direct access to nearly 80,000 rail-owned containers across North America, significantly expanding UP’s transloading options.</p></div>

Loup Logistics provides direct access to nearly 80,000 rail-owned containers across North America, significantly expanding UP’s transloading options.

Union Pacific subsidiary jumps into transloading with ‘port-to-door' service

<div class="phx-topic abstract-wrapper"><p>New bottlenecks in Louisiana and Mississippi are now affecting freight flows between Mexico and the Southeast US.</p></div>

New bottlenecks in Louisiana and Mississippi are now affecting freight flows between Mexico and the Southeast US.

CPKC disruptions in Gulf states now impacting carload, intermodal traffic

<div class="phx-topic abstract-wrapper"><p>Unifor, the union representing more than 2,100 truck drivers, couriers, and warehouse and clerical workers in seven Canadian provinces, will vote on the agreement on Friday and Saturday.</p></div>

Unifor, the union representing more than 2,100 truck drivers, couriers, and warehouse and clerical workers in seven Canadian provinces, will vote on the agreement on Friday and Saturday.

DHL, union workers reach tentative deal to end Canadian work stoppage

<div class="phx-topic abstract-wrapper"><p>The railroad said the disruptions were the result of the switchover to a new operating system in early May, with the technology integration intended to unify old KCS systems into the CP network.</p></div>

The railroad said the disruptions were the result of the switchover to a new operating system in early May, with the technology integration intended to unify old KCS systems into the CP network.

CPKC acknowledges service woes to US regulators, vows remediation

<div class="phx-topic abstract-wrapper"><p>Daniell Powell, CEO of Optimal Dynamics, joins TPM Today to discuss how shippers and truckload carriers are automating fleet planning and using technology to forecast for the unknown.</p></div>

Daniell Powell, CEO of Optimal Dynamics, joins TPM Today to discuss how shippers and truckload carriers are automating fleet planning and using technology to forecast for the unknown.

<div class="phx-topic"><p>Eric Johnson, Senior Editor, Technology, Journal of Commerce by S&amp;P Global sat down with  Daniell Powell, CEO of Optimal Dynamics, joins TPM Today to discuss how shippers and truckload carriers are automating fleet planning and using technology to forecast for the unknown</p><p>.• Discover how automation is reshaping logistics teams and what it means for your role.</p><p>• Uncover the surprising ways truck dispatching is being reimagined in 2025.</p><p>• Find out how next gen tech is unlocking powerful gains in network optimization.</p><p><i>This episode was streamed live on June 26, 2025 on </i><a href="https://letstalksupplychain.com/tpm-today/"><i>TPM Today</i></a></p><p></p><div class="wrapper-full"><dynamic-object type="youtube" resource-id="2N6Wlb_KHKs"></dynamic-object></div></div>

Eric Johnson, Senior Editor, Technology, Journal of Commerce by S&P Global sat down with Daniell Powell, CEO of Optimal Dynamics, joins TPM Today to discuss how shippers and truckload carriers are automating fleet planning and using technology to forecast for the unknown .• Discover how automation is reshaping logistics teams and what it means for your role. • Uncover the surprising ways truck dispatching is being reimagined in 2025. • Find out how next gen tech is unlocking powerful gains in network optimization. This episode was streamed live on June 26, 2025 on TPM Today

TPM TODAY | Is Your Fleet Ready for the Next Wave of Automation and Forecasting?

<div class="phx-topic abstract-wrapper"><p>Food and agriculture product shippers have strict needs when it comes to ocean freight, but slow ships and clogged ports stymie efficiency.</p></div>

Food and agriculture product shippers have strict needs when it comes to ocean freight, but slow ships and clogged ports stymie efficiency.

<div class="phx-topic"><p>Michael Angell, Senior Editor, Journal of Commerce by S&amp;P Global, discusses AG shipping.  Food and agriculture product shippers have strict needs when it comes to ocean freight, but slow ships and clogged ports stymie efficiency.</p><p></p><div class="wrapper-narrow"><dynamic-object type="brightcove" resource-id="6375099540112"></dynamic-object></div></div>

Michael Angell, Senior Editor, Journal of Commerce by S&P Global, discusses AG shipping. Food and agriculture product shippers have strict needs when it comes to ocean freight, but slow ships and clogged ports stymie efficiency.

US ag exporters face ongoing risks in reaching overseas markets

<div class="phx-topic abstract-wrapper"><p>Scott Cornell, CEO of Glovis America Inc., US, talks about AI and big data and opines on the role 3PLs play in creating a resilient supply chain.</p></div>

Scott Cornell, CEO of Glovis America Inc., US, talks about AI and big data and opines on the role 3PLs play in creating a resilient supply chain.

<div class="phx-topic"><p>Since its 2002 inception, Glovis America Inc. has grown from its roots in supporting Hyundai to expanding its solutions in order to support new clients and opportunities. Scott Cornell, CEO of Glovis America Inc., US, talks about AI and big data and opines on the role 3PLs play in creating a resilient supply chain.</p><p><i>TPM25, Long Beach, California</i></p><p><b>Sponsored by Glovis America Inc.</b></p><div class="wrapper-narrow"><dynamic-object type="brightcove" resource-id="6374824939112"></dynamic-object></div></div>

Since its 2002 inception, Glovis America Inc. has grown from its roots in supporting Hyundai to expanding its solutions in order to support new clients and opportunities. Scott Cornell, CEO of Glovis America Inc., US, talks about AI and big data and opines on the role 3PLs play in creating a resilient supply chain. TPM25, Long Beach, California Sponsored by Glovis America Inc.

Expanding its reach

SUMMER SALE EXTENDED: Use code SKSGW995 to save $500 on an annual Gold subscription and 20% on a TPM26 registration!

Subscribe Now - FT/Anonymous to Gold - Offer Box

SUBSCRIBE AND SAVE

UPGRADE TO GOLD AND SAVE: Use code GTW695 at checkout and save $800 on first year of a Gold subscription!

Upgrade Subscription - Gold Trials

Upgrade Subscription

SUMMER SALE EXTENDED: Use code SKSW25 to save 25% on first year of a Silver or Silver Plus annual subscription!


Subscribe Now - FT/Anonymous to S/SP - Offer Box

GET INTO A GROUP SUBSCRIPTION: Arm your team with unlimited Journal of Commerce content

Group Subscriptions - Offer Box

Group Subscriptions

SUMMER SALE EXTENDED: Use code SKSW595 at checkout to save $900 on first year of a Gold subscription and 20% on TPM26! 

Upgrade Subscription - S/SP to Gold - Offer Box

START A FREE TRIAL: Access Journal of Commerce content for 30 days

Free Trial - Offer Box

Free Trial

Video

<div class="phx-topic abstract-wrapper"><p>Peter Shaerf, managing director of AMA Capital Partners, talks about the debt burden hanging over the shippi</p></div>

Peter Shaerf, managing director of AMA Capital Partners, talks about the debt burden hanging over the shippi

<div class="phx-topic"><p>[Editorial note: image removed/no longer available]</p><p>Peter Shaerf, managing director of AMA Capital Partners, talks about the debt burden hanging over the shipping industry, how the industry will have to pay its debts down and why it will have to turn to new financing sources to pay for new ship orders.</p><div class="wrapper-full"><dynamic-object type="youtube" resource-id="g7bJZcZ-FQU?rel=0"></dynamic-object></div></div>

Related Videos

Recent News and Analysis

Maritime News

Surface News

Air Cargo News

Supply Chain News