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2018 Container Shipping Outlook

Container lines in 2017 scored the first profitable year since 2010, and they appear serious about carrying that momentum this year in the competitive trans-Pacific trade. Industry executives and analysts agree that if carriers manage vessel capacity in the Asia-US trade to meet the projected growth in cargo volume in the eastbound Pacific, they’re likely to remain profitable while attaining sustainable freight rates. With an expanding US economy expected to generate another year of strong imports, and carrier consolidation providing leverage on the capacity side, industry experts are putting beneficial cargo owners on notice that carriers may hold the upper hand in upcoming service contract talks. BCO contracting strategies built upon the expectation of overcapacity and multiple carrier options “simply won’t work next time around,” Philip Damas, operational head of Drewry Supply Chain Advisors, said in the fall. The carrier “super-cycle of consolidation” of the past two years, punctuated by Hanjin Shipping’s August 2016 bankruptcy should give carriers leverage in service contract negotiations for the May 1-to-April 30 season, he said.
 
This webcast will analyze container shipping dynamics as 2018 begins and lay the foundation for what lies ahead.
 
Moderator
Mark Szakonyi, Executive Editor, JOC.com and The Journal of Commerce
 
Speaker(s)
Chas Deller, Consultant, Drewry Supply Chain Consultants
 
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Interested in sponsoring this webcast? For more information, please contact Tony Stein at Tony.Stein@ihsmarkit.com
 
Tuesday, January 30, 2018 - 14:00

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