European Shipping and Trade Outlook: The Trans-Atlantic

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"The trans-Atlantic party is over” was how Alphaliner described the trade lane in one of its recent weekly newsletters. It certainly marks the end of a wild three-year ride during which rates from North Europe to North America climbed steadily past $8,000 per FEU in the last quarter of 2022, and then fell off a cliff. The westbound trans-Atlantic was the last of the big east-west corridors to be “normalized,” but it has been a particularly hard reset in the last seven months. By mid-August, short-term rate levels were half those recorded in pre-pandemic 2019 as low demand from US importers and an oversupply of vessels undermined prices. Carriers began to withdraw capacity this summer, led by service cuts from Mediterranean Shipping Co., but either the capacity cuts have not been sufficient, or a lag effect means the impact on volume has yet to be seen. Data from PIERS, a sister product of the Journal of Commerce within S&P Global, shows US imports from North Europe have declined every month since January, with May and June both reporting a 17% drop in year-over-year volumes. US imports from the Mediterranean showed even sharper declines, falling 21% year over year in May and 24% in June. Although no volume data is available yet for July, rate levels continued to fall through August, with some rate indices noting spot prices dropping below $800 per FEU, indicating a continuation of the supply-demand imbalance. With too much capacity and no sign of rising demand, what is the outlook for the trans-Atlantic westbound trade? Should shippers prepare for an extended period of service cuts, blank sailings, and disruption as carriers impose more aggressive capacity-management measures to rein in the tumbling rates? 

This complementary hourlong webcast will explore what cargo owners on the trans-Atlantic can expect through 2023 and into next year. 

Moderator:
Greg Knowler, Europe Editor, Journal of Commerce by S&P Global 
Speaker(s):
Pasquale Formisano, Senior VP and Head of Europe to North America Trade, MSC
Jochen Gutschmidt, Senior Advisor-Inland Supply Chain and Logistics, Lidl 
Markus Panhauser, Senior Vice President-Ocean Freight Europe, DHL Global Forwarding 
Stefan Verberckmoes, Senior Analyst, AXS Marine
 
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Mastering Drayage in the Digital Age: Real-Time Insights and New Integrations

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Partnered by: 

 

In the fast-paced world of logistics, staying ahead requires more than just moving goods from point A to point B. It demands a deep understanding of your operations, real-time insights, and seamless integration capabilities. Join Lisa Wan Executive VP of Operations with Roadex America and Toni Careccio Chief Customer Officer with PortPro as they discuss these challenges and solutions and take questions from the audience. The conversation will address:

•    Increasing efficiencies with real time tracking of drivers and containers
•    Improving customer relationships with effective customer portals
•    Saving valuable time with increased system integrations

Moderator:
Ariane Pepsin, Senior Associate Editor, Special Projects, Journal of Commerce by S&P Global

Speakers:
Toni Careccio, Chief Customer Officer, PortPro
Lisa Wan, Executive VP, Operations, RoadEx CY

*For more information, please visit https://subscribe.joc.com/mediasolutions/

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Midyear Breakbulk and Project Cargo Report: MPV Fleet Update and the Second-Half Outlook

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Multipurpose and heavy-lift charter rates have drifted lower but stabilized over the summer even as long-term carrier sentiment remains positive, supported by a healthy demand outlook and tightening capacity. While the minor bulk trades are seeing limited activity, cargo related to industrial and infrastructure-related markets has begun to pick up momentum. What can cargo shippers and logistics service providers expect as we move into the second half of 2023?

This midyear breakbulk and project cargo outlook webcast will examine fleet supply, fleet makeup and the demand picture, as breakbulk and project cargo research analyst Susan Oatway presents the findings of the first Journal of Commerce Breakbulk Quarterly Report. Industry executives will join the session for an in-depth discussion of the report’s implications.

Moderator:
Janet Nodar, Senior Editor, Breakbulk, Project, and Heavy-Lift Shipping, Journal of Commerce by S&P Global 
Speakers:

Linda Driscoll, Transportation and Logistics Advisor, NOV Completion and Production Solutions

Susan Oatway, Research Analyst-Project and Breakbulk Cargo, Journal of Commerce by S&P Global

Felix Schoeller, Commercial Director and a Board Member, AAL Shipping (AAL)


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Midyear Trucking Report: The Second-Half Outlook

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 Partner

           

Trucking’s crystal ball isn’t just cloudy, it’s been cracked by a high level of economic uncertainty and the volatile events of 2023. A major strike or the loss of a large carrier could flip the market just as shippers prepare for the fall shipping season and overstocked inventories give way to replenishment. But shippers and carriers also could continue mapping the market bottom they reached in the second quarter. How much of a surge in demand should we expect for trucking services this fall? How should shippers be thinking not just about the second half but early 2024, when some see a tighter market emerging? 

This webcast — which will serve as an early look at some of the industry issues to be addressed at the Inland Distribution Conference on Sept. 25-27 in Chicago — will discuss these questions and all topics related to the trucking outlook. 

Moderator:
William Cassidy, Senior Editor, Trucking and Domestic Transportation, Journal of Commerce by S&P Global
Speakers:
Chris Caplice, Senior Research Scientist at the Massachusetts Institute of Technology and, Chief Scientist, DAT Freight & Analytics
Bobby Holland, Vice President/Director of Freight Business Analytics, U.S. Bank
Jason Miller, Associate Professor of Logistics, Michigan State University
 
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Maximizing Efficiency in Logistics Sourcing with Optimization

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With efficiency and cost-effectiveness being paramount in today’s logistics landscape, harnessing the power of cutting-edge technology is crucial. Keelvar’s intelligent sourcing optimization solution has revolutionized the way companies approach procurement and sourcing processes and empowered customers spanning the logistics industry worldwide.

During this webinar, our expert panel will delve into the transformative impact sourcing optimization is having on logistics sourcing worldwide.

Whether you’re a logistics professional seeking to optimize your company’s procurement function or a supply chain manager striving for enhanced operational efficiency, this webinar is a must-attend.

Moderator:
Alessandra Barrett, Associate Director, Special Projects, Journal of Commerce by S&P Global

Speaker(s):
Dylan Alperin, Vice President, Professional Services, Keelvar

Thomas Storch, Senior Manager, Insight Sourcing Group

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