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The global push to decarbonize energy production and improve energy security is supporting optimism in the breakbulk and project cargo logistics sector despite lower-than-expected cargo volumes. Softening rates are good news for shippers, offering some relief and a return to at least some predictability after they endured the feverish COVID spillover market, when capacity-strapped container shippers bull-rushed the breakbulk and project sector looking for shipping space. For carriers, 2023 volumes and rates were disappointing but still heaps better than pre-COVID, and they are looking ahead at increasing demand even as they add little to no new capacity. This hardly guarantees smooth sailing for the carriers, however. Congestion remains an issue. Many multipurpose and heavy-lift carriers have been forced to find alternative routings to the drought-stricken Panama Canal, adding time and costs to voyages just as risk escalates in the Arabian Sea and the Gulf of Aden. And we have all learned that new, unpredictable challenges could be lurking right around the next bend. This webcast will analyze the 2024 breakbulk and project outlook, the state of the fleet, the competition, new buildings, and other looming threats and opportunities.

Moderator:

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

Speaker(s):

Justin Archard, Managing Partner and Founder, One World Shipbrokers

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

Yorck Niclas Prehm, Head of Research, Toepfer Transport

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A key component of a Journal of Commerce Gold subscription, the Gateway is a comprehensive, multi-trade lane, constantly updated data dashboard built into JOC.com, unveiled in late 2022. The Gateway offers a multi-angle snapshot of key shipping metrics contained within more than 100 downloadable charts — from freight rates to dwell times — within the trans-Pacific and multiple other trade lanes, US domestic transportation, breakbulk and project cargo markets, and more. The Gateway, which is being continuously expanded with additional data sets, enables supply chain and freight transportation professionals to monitor often rapidly changing conditions across multiple sub-markets and have immediate access to the Journal of Commerce coverage that puts the data in context for broader perspective. The Gateway allows you to: · Track a variety of container spot rates on major container trade lanes. · Access the exclusive Intermodal Savings Index to help gauge when it’s time to shift surface transportation modes or routing. · Monitor truck spot rates and outbound over-the-road rates from major US ports. · Better illustrate to management truck capacity and employment conditions. · Follow key container volume and ocean reliability trends on major trades. · Better explain to customers the reasons for changes in ocean, US surface transportation, and air cargo pricing. · Track major economic indicators of global economy and shipping demand. This webcast, with critical context from Journal of Commerce executive editor Mark Szakonyi, will show you how to tap the Gateway and better communicate internally and externally via key charts and readings.

Moderator/Presenter:

Mark Szakonyi, Executive Editor, Journal of Commerce, S&P Global

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With year-to-date import volumes down about 15%, North American ports will enter the new year without the terminal congestion, vessel backlogs, and inland supply chain bottlenecks they experienced in 2021-2022. North America’s major gateways are using this period of slow growth to prepare for the next cargo boom that will occur after retailers have depleted the inventory overhang, they built up over the past two years. Ports on the East, Gulf, and West coasts are expanding their terminal capacity and improving road and rail corridors to reduce congestion at their marine terminals and on-dock rail facilities. They are working with terminal operators and shippers to reduce the number of long-dwelling containers that congest their marine terminals. The ports also are working with ocean carriers, terminal operators, drayage companies, and BCOs to share shipment data to accelerate terminal velocity.

This webcast, broken into three segments featuring speakers representing the North and South Atlantic ports, Gulf Coast ports, and gateways on the West Coast of the US and Canada will analyze what ports along the major North American coastal regions are doing to prepare for the next cargo surge.

Moderator:

Bill Mongelluzzo, Senior Editor, West Coast, Journal of Commerce by S&P Global

Agenda:

West Coast: 2:05 - 2:30 PM

Speakers:

Ed DeNike, President, SSA Containers

Noel Hacegaba, Chief Operating Officer, Port of Long Beach  

Captain Shri Madiwal, Acting Vice President of Operations and Supply Chain, Vancouver Fraser Port Authority

Matt Schrap, CEO, Harbor Trucking Association

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East Coast: 2:35 - 3:00 PM

Michael Bozza, Deputy Port Director - Port Department, The Port Authority of New York & New Jersey 

Daniel S. Smith, Principal, Tioga Group

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Gulf Coast: 3:05 - 3:30 PM

Speakers:

Janine Moreau Mansour, Head of Key Accounts, Port of New Orleans

Ty Reasonover, Senior Manager-Trade Development, Port Houston

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Partner

As harshly as the market seized up during the COVID-19 pandemic, the “extreme normalization” of 2023, coined by Maersk CEO Vincent Clerc in May, is now the market reality. With barely a blip of a fall peak season for cargo volumes, the stage is set for a prolonged period of pain for containerized shipping and its key stakeholders. The implications are severe. For shippers, it means adjusting — again — to a dramatically different landscape characterized by short-term priorities aimed at capturing all the savings a weak freight rate market has to offer, in the process turning to NVOs, who are capturing a growing share of US imports. Longer term, those priorities involve often-riskier moves, such as, ironically, trying to de-risk supply chains by diversifying their sourcing. Assumptions that prevailed during the 2020-2022 COVID outbreak, including the idea that rate levels would never again return to pre-COVID levels, proved fleeting. Not only did rates return to levels that left ocean carriers barely profitable, but those carriers now are staring at systemic overcapacity that could last through 2028, according to Sea-Intelligence. That would be less impactful if ocean carriers were able to effectively flex capacity, but that ability has been elusive since rates started to tumble last year. Unless carriers reverse course and adjust boldly and quickly, the market is in for a rough patch, and third-quarter financials already are revealing the depth of the problems.

This webcast, featuring an analyst, an importer, and an exporter, will take the temperature of the state of containerized shipping as 2023 ends and how 2024 is shaping up.

Moderator:

Mark Szakonyi, Executive Editor, Journal of Commerce by S&P Global 

Speaker(s):

Lori Fellmer, Vice President-Logistics and Carrier Management, Basstech International

Alan Murphy, CEO & Founder, Sea-Intelligence 

Siva Narayanan, Director-Global Logistics, Solvay

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Partner

Entering 2023, the global reefer market was hopeful. The massive price increases and cold chain disruption of the 2020-2021 COVID years was in the rearview mirror, and agricultural growers and the market at large widely believed that a normalization was in order. But as 2023 winds down, it’s increasingly clear that those hopes are being dashed. Nothing approaching normalization is occurring in the reefer market. Subdued reefer volumes in 2023 clearly show a market still in crisis. For decades, global economic and population growth corresponded to growth in international trade in food, whether fruits, meat, or seafood products. The growth was constant and predictable, providing a basis for billions of dollars in investment in reefer plugs, containers, and cold storage. That pattern has been disrupted since 2020, when COVID-related port disruption upended reefer supply chains. Now the issue is extreme weather events, which are increasingly disrupting growing patterns, resulting in scenarios where demand is there but supply doesn’t exist or is highly curtailed.

This webcast, featuring an analyst and two shipper representatives, will analyze where the reefer market stands as 2023 comes to a close, and what the outlook is for 2024. In the process, it will address the following questions:

• How did the disruption during COVID alter the cold chain, including critical food sourcing patterns?

• What impact has disruption had on fruit, pork, beef, and other critical reefer products?

• What’s the outlook for shipping capacity and cold storage?

• How are carriers and other industry stakeholders responding to the decarbonization challenge?

Moderator:

Teri Griffis, Associate Editor, Journal of Commerce by S&P Global

Speaker(s):

Kevin Brady, Cold Chain Client Manager, A.P. Moller-Maersk

William Duggan, North American Cold Chain Advisor, Eskesen Advisory

Helmuth Lutty, Independent Analyst and Former Vice President of Shipping Operations, Del Monte Fresh Produce

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