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Midyear Container Shipping Outlook: Analyzing the Peak Season

With US imports surging 7.6 percent in the first three months of 2018, according to PIERS, and little sign of a slowdown in demand, the trans-Pacific is in the healthiest shape it’s been in years. The same can’t be said about the matching of that demand to capacity, though there have been improvements. Carriers are injecting an 8 to 9 percent increase in trans-Pacific capacity, while imports are projected to increase 5 to 6 percent, according to industry analyst Alphaliner. That the result is downward pressure on annual service contract rates and a challenging environment for carriers. Amid the persistent overcapacity, carriers are working to differentiate themselves by offering guaranteed reliability and faster transits, while looking to recoup surging bunker fuel prices through a series of surcharges and peak-season general rate increases. For beneficial cargo owners, the news could get worse before it gets better, as the Trump administration engages in tit-for-tat sanctions battles with some of the largest trading countries and partners in the world. 
 
This webcast will analyze the outlook for the critical peak shipping season and beyond, and how economic and policy trends will impact the major container shipping trades.  
  
Moderator
Chris Brooks, Executive Editor, JOC Events, Maritime & Trade, IHS Markit
 
Speaker(s)
Jonathan Gold, Vice President, Supply Chain and Customs Policy, National Retail Federation
Ben Hackett, Principal, Hackett Associates   
 
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Interested in sponsoring this webcast? For more information, please contact Tony Stein at Tony.Stein@ihsmarkit.com
 
 
Thursday, July 19, 2018 - 14:00

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