Multimedia

Shippers are asking a basic question regarding detention and demurrage following passage of the first shipping reform law in more than 20 years: What will change? The 2022 Ocean Shipping Reform Act signed by President Joe Biden on June 16 already is shaking up the container sector, with new policies on D&D already in place and maritime regulators planning to tweak them further. Indeed, the Federal Maritime Commission’s implementation of OSRA-22 is just beginning. Shippers have new avenues to challenge the fees and other practices they believe violate the shipping law and by mid-November, the FMC will need to have completed rulemaking on when it is “unreasonable” for ocean carriers to refuse to serve shippers. For shippers who complained for years about billing practices and saw FMC fact-finding inquiries come and go with little impact, this represents real movement, with the FMC flexing its muscles to a degree not seen in decades. But still the question is begging to be asked: What will the practical impact be?

The JOC’s Peter Tirschwell will lead a discussion with a panel of experts about how a new wave of US maritime regulation is reshaping the way carriers and shippers interact, what shippers can expect to change, and when.

Peter Tirschwell, Vice President, Maritime, Trade and Supply Chain, S&P Global Market Intelligence

Lauren M. Beagen, Principal & Founder, Squall Strategies, LLC

Rebecca Fenneman, Principal, Jeffrey/Fenneman Law + Strategy

Carlos Rodriguez, Partner, Husch Blackwell

Interested in sponsoring this webcast? For more information, please visit https://subscribe.joc.com/mediasolutions/

Europe is trapped in a deepening economic spiral with soaring energy prices, runaway inflation, and a cost-of-living crisis that is curbing consumer spending, forcing manufacturers to slash new orders, and sparking labor disputes across the transportation and logistics sector. Severe congestion continues to create chaos at North European hub ports and disrupt inland and short-sea connections. Containerized imports from Asia were down 6 percent in the first half of this this year, and with economic conditions expected to deteriorate further through the second half, a sudden recovery of demand is unlikely. For shippers, if there is a silver lining to be found on this dark cloud, it's in the short-term rate levels that on the Asia-North Europe trade have fallen 30 percent since the beginning of the year. Little to no increase is expected in spot rates through the remainder of the year. That’s good news for shippers going into annual contract negotiations with carriers in the last quarter because long-term rates follow the spot market with a two- or three-month lag.

This webcast will try to get a handle on the multiple challenges European importers face, and when, if ever, a normalization of the container shipping markets can be expected.

Greg Knowler, Senior Editor, Europe, JOC, Maritime & Trade, S&P Global

Markus Panhauser, Head of Ocean Freight Europe, DHL Global Forwarding

Ivo Roex, Global Supply Chain Manager, E-llis

Peter Sand, Chief Analyst, Xeneta

*Check back soon for more information!

Interested in sponsoring this webcast? For more information, please visit https://subscribe.joc.com/mediasolutions/

The “spillover” market, driven by the COVID-19 pandemic, began pushing unusual amounts of containers and formerly containerized cargo toward non-containerized shipping segments during 2021. Breakbulk, bulk, and general cargo carriers rapidly upped their container game to participate in this cargo flow, with some efforts markedly more successful than others. The trend already may have peaked as container spot rates soften and multipurpose vessel rates plateau, albeit at historically high levels — but will any spillover-driven offerings stick? Will cargo owners continue to see value in “release valve” alternatives to traditional container shipping? High freight rates and chronically unreliable liner schedules may incentivize alternatives, especially as COVID-19, volatile global geopolitics, and the threat of recession continue to reshape global trade.

This webcast will discuss the spillover market and the near-term shipping outlook.

Moderator:

Janet Nodar, Senior Editor, Project and Heavy-Lift Shipping, JOC, Maritime, Trade and Supply Chain, S&P Global

Interested in sponsoring this webcast? For more information, please visit https://subscribe.joc.com/mediasolutions/

The highest rate of inflation in four decades is driving more uncertainty into the US economy, threatening its recovery from the 2020 recession. Whether another recession hits in late 2022 or 2023 remains to be seen, but the likelihood is increasing, given the recent spike in interest rates, and easing consumer sentiment and demand. Meanwhile, global events – Russia’s war in Ukraine, workforce challenges, and on-again-off-again COVID-19 lockdowns in China — only create more supply chain disruption. The truckload and LTL markets are no exception, as shippers seek to lock in capacity on long-haul routes while struggling to manage inconsistent service on shorter, time-sensitive shipments.

This webcast will analyze an increasingly tenuous trucking market and address the following questions:

• What are shippers, 3PLs, and motor carriers doing to address current capacity imbalances?

• What is the supply-demand outlook as the summer begins to wind down and the traditional fall peak season approaches?

• What impact will record-high — and seemingly relentless — diesel prices have on the market? Is relief in sight or is this the new normal?

• Is the worst capacity crunch trucking has seen in decades showing signs of coming to an end?

Moderator:

William B. Cassidy, Senior Editor, Trucking and Domestic Transportation, JOC, Maritime, Trade and Supply Chain, S&P Global

Speaker(s):

Jason Miller, PhD, Associate Professor of Logistics, Michigan State University

Mike Regan, Co-Founder and Chief of Relationship Development, TranzAct Technologies

*Check back soon for more information!

Interested in sponsoring this webcast? For more information, please visit https://subscribe.joc.com/mediasolutions/

The coming two months will reveal just how much US importers are pulling back on orders from Asia, and the degree to which container lines can adjust capacity. In interviews with the JOC, forwarders said they expect a bump in spot rates in the coming weeks — following a recent retreat as carrier capacity freed up — when an anticipated early peak season ripples into the trade beginning in late June. But the scale of the rate increase and length of the peak season are unclear, as some shippers are pulling back or even canceling orders, while others are increasing bookings. Despite the recent easing, the number of orders for Asian imports to the US and Canada rose steadily from February to mid-May, according to Infor Nexus, a global network platform for direct procurement, origin order management, multimodal freight management, and trade finance services. The number of orders in May jumped to nearly 150,000, the highest monthly volume of new orders since November 2021, it said. Premium rates, which carriers imposed last year when demand exceeded vessel supply in the eastbound trans-Pacific and are intended guarantee that containers get loaded onto ships as booked, have faded. That’s a sign there is excess capacity in the trade for the first time in approximately two years. But with Shanghai reopening after a two-month COVID-19 lockdown, will the current easing be a short-term pause or is demand on a longer-term downward trajectory?

This webcast will analyze the state of the market and the outlook for the summer-fall peak season.

Bill Mongelluzzo, Senior Editor, West Coast, JOC, Maritime & Trade, S&P Global

Speaker(s):

David Bennett, Chief Commercial Officer, Farrow

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

Interested in sponsoring this webcast? For more information, please visit https://subscribe.joc.com/mediasolutions/