Name: Jefferies' Leung on Shipping Prospects for 2012 (Video)
Uploaded: Oct 28, 2011, 6:34 PM EDT

Johnson Leung, senior vice president for transport analysis for Jefferies, Hong Kong, looks at this year's disappointing peak season, gives his forecast for 2012, and offers his opinion on how carriers can keep rates up to sustainable levels despite the weak economy. TPM Asia Videos [Editorial note: image removed/no longer available] Damco CEO Expects a Soft Market, Idled Ship Capacity in 2012 [Editorial note: image removed/no longer available] Electrolux's Jensen On the 'Lack of Peak Season,' Shipper-Carrier Relations [Editorial note: image removed/no longer available] TSA's Conrad Asseses the Peak Season, Capacity Directions

<div class="phx-topic abstract-wrapper"><p>Prices have more than doubled since the war started, and with fuel comprising almost 30% of operating expenses, the Hong Kong-based carrier has been forced to reduce capacity.</p></div>

Prices have more than doubled since the war started, and with fuel comprising almost 30% of operating expenses, the Hong Kong-based carrier has been forced to reduce capacity.

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Cathay Pacific cuts flights as soaring jet fuel prices hit operating costs

<div class="phx-topic abstract-wrapper"><p>While the ceasefire marks the first diplomatic shift in the 40-day conflict, it is being regarded by transport operators as more of a controlled easing rather than an operational reset. </p></div>

While the ceasefire marks the first diplomatic shift in the 40-day conflict, it is being regarded by transport operators as more of a controlled easing rather than an operational reset.

US-Iran ceasefire unlikely to spur air freight return to Middle East: analysts

<div class="phx-topic abstract-wrapper"><p>Global jet fuel prices have almost doubled since the Middle East war began on Feb. 28, piling additional expenses onto an operating component that before the conflict was already more than 30% of total costs.</p></div>

Global jet fuel prices have almost doubled since the Middle East war began on Feb. 28, piling additional expenses onto an operating component that before the conflict was already more than 30% of total costs.

Rising jet fuel costs challenging freighter viability as war enters second month

<div class="phx-topic abstract-wrapper"><p>An estimated 30% of Asia-Europe air cargo is routed via the Middle East, so the sudden closure of airspace in the Persian Gulf has left forwarders scrambling for capacity on freighters and passenger aircraft out of Asia. </p></div>

An estimated 30% of Asia-Europe air cargo is routed via the Middle East, so the sudden closure of airspace in the Persian Gulf has left forwarders scrambling for capacity on freighters and passenger aircraft out of Asia.

Demand for direct Asia-Europe air cargo fills rerouted Middle East flights

<div class="phx-topic abstract-wrapper"><p>An estimated 30% of Asia-Europe air cargo capacity is routed via the Middle East, and with options through the region severely constrained by the US-Iran war, a rush for Asia-Europe air cargo capacity is pushing up prices. </p></div>

An estimated 30% of Asia-Europe air cargo capacity is routed via the Middle East, and with options through the region severely constrained by the US-Iran war, a rush for Asia-Europe air cargo capacity is pushing up prices.

Asia-Europe air cargo space tightens as rates, fuel surcharges soar

<div class="phx-topic abstract-wrapper"><p>The doubling in bunker fuel prices in some key hubs since the war in the Middle East began six weeks ago is focusing industry attention on energy costs as supply scarcity worsens.</p></div>

The doubling in bunker fuel prices in some key hubs since the war in the Middle East began six weeks ago is focusing industry attention on energy costs as supply scarcity worsens.

War-driven fuel costs add new twist to trans-Pacific service contract talks

<div class="phx-topic abstract-wrapper"><p>While the $4.2 billion transaction still requires approvals from the Israeli government, it points to an appetite for consolidation among carriers despite the lack of financial distress that accompanied earlier merger eras. </p></div>

While the $4.2 billion transaction still requires approvals from the Israeli government, it points to an appetite for consolidation among carriers despite the lack of financial distress that accompanied earlier merger eras.

Hapag-Zim deal could ignite another merger wave in container shipping

<div class="phx-topic abstract-wrapper"><p>As if the Strait of Hormuz and Red Sea haven’t caused enough concern for commercial shipping, Lars Jensen warns of the potential for weather-related disruptions once again at the canal by year-end. </p></div>

As if the Strait of Hormuz and Red Sea haven’t caused enough concern for commercial shipping, Lars Jensen warns of the potential for weather-related disruptions once again at the canal by year-end.

El Niño forecast suggests risk of low water levels along Panama Canal

<div class="phx-topic abstract-wrapper"><p>The start to the year was largely unaffected by the Middle East conflict, but the lagging effect of high bunker fuel prices will be felt from the second quarter onward. </p></div>

The start to the year was largely unaffected by the Middle East conflict, but the lagging effect of high bunker fuel prices will be felt from the second quarter onward.

OOCL posts revenue decline in muted first quarter

<div class="phx-topic abstract-wrapper"><p>An increasing number of lawmakers at the federal, state, and municipal levels are taking steps to freeze data center development, which serves as an important cargo source. </p></div>

An increasing number of lawmakers at the federal, state, and municipal levels are taking steps to freeze data center development, which serves as an important cargo source.

Push for data center bans in US threatens project cargo surge

<div class="phx-topic abstract-wrapper"><p>The customs agency will prioritize unliquidated entries in the first phase of the refund process that was instigated by the February Supreme Court decision to invalidate tariffs on most US trading partners.</p></div>

The customs agency will prioritize unliquidated entries in the first phase of the refund process that was instigated by the February Supreme Court decision to invalidate tariffs on most US trading partners.

First wave of IEEPA refunds to US importers to start April 20: CBP

<div class="phx-topic abstract-wrapper"><p>Rising fuel prices and memory costs may force buyers to re-think, or at least delay, purchases of pricey electronics this year.  </p></div>

Rising fuel prices and memory costs may force buyers to re-think, or at least delay, purchases of pricey electronics this year.

US imports of consumer electronics face threats to growth plans

<div class="phx-topic abstract-wrapper"><p>The deal, financial details of which were not disclosed, could possibly be the first M&amp;A domino to fall among a growing number of agent vendors catering to the logistics industry.</p></div>

The deal, financial details of which were not disclosed, could possibly be the first M&A domino to fall among a growing number of agent vendors catering to the logistics industry.

project44 acquires agent developer to expand AI use cases

<div class="phx-topic abstract-wrapper"><p>Polyethylene prices have nearly doubled since the end of February as Iran’s closure of the Strait of Hormuz has cut off the region’s petrochemical plants from the rest of the world.</p></div>

Polyethylene prices have nearly doubled since the end of February as Iran’s closure of the Strait of Hormuz has cut off the region’s petrochemical plants from the rest of the world.

War-driven supply squeeze could boost US resins exports in 2026

<div class="phx-topic abstract-wrapper"><p>The railroads say they plan to file an updated merger application on April 30, addressing many of the complaints that caused regulators to deem their original application “incomplete.”</p></div>

The railroads say they plan to file an updated merger application on April 30, addressing many of the complaints that caused regulators to deem their original application “incomplete.”

Revised UP-NS merger application will address deficiencies, critics concerns

<div class="phx-topic abstract-wrapper"><p>The largest US LTL carrier looks to add new business in the healthcare, food and energy sectors and among small businesses to grow volume and improve profitability. </p></div>

The largest US LTL carrier looks to add new business in the healthcare, food and energy sectors and among small businesses to grow volume and improve profitability.

FedEx Freight plans diversification as spin-off date approaches

<div class="phx-topic abstract-wrapper"><p>The agency’s ruling maintains the competitive status quo in which NS is the only railroad with direct access to Norfolk International Terminals.</p></div>

The agency’s ruling maintains the competitive status quo in which NS is the only railroad with direct access to Norfolk International Terminals.

STB rules for Norfolk Southern in dispute with CSX at Port of Virginia

<div class="phx-topic abstract-wrapper"><p>The state was largely insulated from the volatility seen in the Midwest and Northeast over the winter because it did not face the same prolonged cold and snowstorms. </p></div>

The state was largely insulated from the volatility seen in the Midwest and Northeast over the winter because it did not face the same prolonged cold and snowstorms.

California truckload rates rise as fuel spikes, capacity cuts tighten market

<div class="phx-topic abstract-wrapper"><p>While the price of fuel has historically served as a tailwind for modal conversion, in and of itself, it is insufficient to guarantee success, writes Ted Prince.</p></div>

While the price of fuel has historically served as a tailwind for modal conversion, in and of itself, it is insufficient to guarantee success, writes Ted Prince.

Jump in diesel prices alone not enough to boost intermodal fortunes: analyst

<div class="phx-topic abstract-wrapper"><p>Amanda Rasmussen, chief commercial officer at DHL Global Forwarding, discusses driving a customer-first strategy by leveraging digital tools and AI to improve decision-making, speed and efficiency; making sustainability products more accessible to customers; and building resilience through strategic partnerships, expertise, and seamless, digitized services.</p></div>

Amanda Rasmussen, chief commercial officer at DHL Global Forwarding, discusses driving a customer-first strategy by leveraging digital tools and AI to improve decision-making, speed and efficiency; making sustainability products more accessible to customers; and building resilience through strategic partnerships, expertise, and seamless, digitized services.

<div class="phx-topic"><p>Systemic volatility demands solutions that empower customers with data-driven insights and predictive analytics. Amanda Rasmussen, chief commercial officer at DHL Global Forwarding, discusses driving a customer-first strategy by leveraging digital tools and AI to improve decision-making, speed and efficiency; making sustainability products more accessible to customers; and building resilience through strategic partnerships, expertise, and seamless, digitized services.</p><p><i>TPM26, Long Beach, California</i></p><p><b>Sponsored by DHL</b></p><div class="wrapper-narrow"><dynamic-object type="brightcove" resource-id="6393028198112"></dynamic-object></div></div>

Systemic volatility demands solutions that empower customers with data-driven insights and predictive analytics. Amanda Rasmussen, chief commercial officer at DHL Global Forwarding, discusses driving a customer-first strategy by leveraging digital tools and AI to improve decision-making, speed and efficiency; making sustainability products more accessible to customers; and building resilience through strategic partnerships, expertise, and seamless, digitized services. TPM26, Long Beach, California Sponsored by DHL

Partnership during disruption

<div class="phx-topic abstract-wrapper"><p>Khong Goh, chief operating officer, and Brian Wiker, regional customer success director, WOWL, discuss how personalized oversight and tailored integration help meet each organization’s unique needs, how to improve audit accuracy and offer deeper visibility, and the path to finding the ideal balance for AI integration.  </p></div>

Khong Goh, chief operating officer, and Brian Wiker, regional customer success director, WOWL, discuss how personalized oversight and tailored integration help meet each organization’s unique needs, how to improve audit accuracy and offer deeper visibility, and the path to finding the ideal balance for AI integration.

<div class="phx-topic"><p>The industry is saturated with technologies that promise to solve complex challenges, but leading organizations can stand out by partnering directly with customers to deliver added value beyond the software. Khong Goh, chief operating officer, and Brian Wiker, regional customer success director, WOWL, discuss how personalized oversight and tailored integration help meet each organization’s unique needs, how to improve audit accuracy and offer deeper visibility, and the path to finding the ideal balance for AI integration.  </p><p><i>TPM26, Long Beach, California</i></p><p><b>Sponsored by WOWL</b></p><div class="wrapper-narrow"><dynamic-object type="brightcove" resource-id="6393029157112"></dynamic-object></div></div>

The industry is saturated with technologies that promise to solve complex challenges, but leading organizations can stand out by partnering directly with customers to deliver added value beyond the software. Khong Goh, chief operating officer, and Brian Wiker, regional customer success director, WOWL, discuss how personalized oversight and tailored integration help meet each organization’s unique needs, how to improve audit accuracy and offer deeper visibility, and the path to finding the ideal balance for AI integration.   TPM26, Long Beach, California Sponsored by WOWL

Preserving the human factor

<div class="phx-topic abstract-wrapper"><p>Kazuyoshi Fujimoto, head of the Ocean Freight Forwarding group at Yusen Logistics, shares the company’s mid-term plans to regain market share, key investments needed to achieve comprehensive global logistics solutions, and plans to expand high-quality, long-haul intra-Asia services.</p></div>

Kazuyoshi Fujimoto, head of the Ocean Freight Forwarding group at Yusen Logistics, shares the company’s mid-term plans to regain market share, key investments needed to achieve comprehensive global logistics solutions, and plans to expand high-quality, long-haul intra-Asia services.

<div class="phx-topic"><p>With shifting demand patterns and evolving supply chain structures, the market has grown increasingly volatile, forcing businesses to rethink their approaches to operations and customer engagement. Kazuyoshi Fujimoto, head of the Ocean Freight Forwarding group at Yusen Logistics, shares the company’s mid-term plans to regain market share, key investments needed to achieve comprehensive global logistics solutions, and plans to expand high-quality, long-haul intra-Asia services.</p><p><i>TPM26, Long Beach, California</i></p><p><b>Sponsored by Yusen Logistics</b></p><div class="wrapper-narrow"><dynamic-object type="brightcove" resource-id="6392889638112"></dynamic-object></div></div>

With shifting demand patterns and evolving supply chain structures, the market has grown increasingly volatile, forcing businesses to rethink their approaches to operations and customer engagement. Kazuyoshi Fujimoto, head of the Ocean Freight Forwarding group at Yusen Logistics, shares the company’s mid-term plans to regain market share, key investments needed to achieve comprehensive global logistics solutions, and plans to expand high-quality, long-haul intra-Asia services. TPM26, Long Beach, California Sponsored by Yusen Logistics

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Video

<div class="phx-topic abstract-wrapper"><p>Johnson Leung, senior vice president for transport analysis for Jefferies, Hong Kong, looks at this year's disappointing peak season, gives his forecast for 2012, and offers his opinion on how carrier</p></div>

Johnson Leung, senior vice president for transport analysis for Jefferies, Hong Kong, looks at this year's disappointing peak season, gives his forecast for 2012, and offers his opinion on how carrier

<div class="phx-topic"><p>Johnson Leung, senior vice president for transport analysis for Jefferies, Hong Kong, looks at this year's disappointing peak season, gives his forecast for 2012, and offers his opinion on how carriers can keep rates up to sustainable levels despite the weak economy. </p><p></p><p></p><p><b>TPM Asia Videos </b></p><p></p><p>[Editorial note: image removed/no longer available]</p><p><u>Damco CEO Expects a Soft Market, Idled Ship Capacity in 2012</u></p><p></p><p>[Editorial note: image removed/no longer available]</p><p><a href="http://www.joc.com/tpm/elextroluxs-jensen-discusses-lack-peak-season-shipper-carrier-relations-video"><u> Electrolux's Jensen On the 'Lack of Peak Season,' Shipper-Carrier Relations </u></a></p><p></p><p>[Editorial note: image removed/no longer available]</p><p><u>TSA's Conrad Asseses the Peak Season, Capacity Directions</u></p><div class="wrapper-full"><dynamic-object type="youtube" resource-id="c1_H2Il86eQ?rel=0"></dynamic-object></div></div>

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