European Shipping Outlook: Managing for the Future

For much of the last decade, carriers couldn’t take advantage of persistently low oil prices because of weak demand and overcapacity that dragged freight rates to record lows. It was only in 2017, after six straight years of losses, that container carriers finally managed to turn a profit. But while demand has recovered, so have oil prices, rising to their highest level in four years, and there's increasing talk about prices reaching $100 a barrel especially with US-Saudi Arabia tensions rising. With Asia-Europe carriers already struggling to effectively deploy the mega-ships flooding into service without destroying freight rates, more expensive bunker fuel will further undermine the cost benefits that are such a key factor when operating these large vessels. There may be some help from the supply-demand balance. IHS Markit's Trends in the World Economy and Trade forecasts demand for containerized volume on Asia-Europe will grow 3.7 percent this year, a slight decline compared with 2017, before growing at about the same pace in 2019. So what will the supply-demand balance be in 2019, and what does a high fuel price future look like for container shipping lines?

This webcast will analyze the outlook for the European shipping market as 2018 winds down.

Moderator

Greg Knowler, Senior Europe Editor, JOC, Maritime & Trade, IHS Markit

Speaker(s)

Alan Murphy, CEO and Partner, SeaIntelligence ApS

Jochen Gutschmidt, Global,vFreight Lead, Corporate,vSupply Chain, Nestec S.A.

Peter Burgel Nielsen, Global Shipping Manager, Bestseller A/S

****************************************************************

Interested in sponsoring this webcast? For more information, please contact Tony Stein at Tony.Stein@ihsmarkit.com

Thursday, November 8, 2018 - 10:00

DON'T HAVE AN ACCOUNT?

Register