Container shipping is changing in profound ways that will affect every shipper who depends on carriers to move goods internationally. During the entire “Lost Decade” for carriers following the financial crisis, carriers struggled to achieve profitability due to a chronic glut of capacity and market share mindset that vanquished any attempt at pricing discipline. The inevitable result — Hanjin’s disruptive 2016 bankruptcy and the unprecedented wave of mergers and acquisitions that left 80 percent of capacity in the hands of just seven carriers — brought further pain to shippers on top of the slow-steaming and mega-ships with their lengthy port calls. But it was only the beginning of the sea change. Carriers, through newfound discipline on capacity, are claiming control over an industry that wouldn’t exist without them but where everyone but them earned profits. They are doing that by more effectively controlling capacity through restraint in ship ordering and by more actively managing spot capacity through blanked sailings. But the industry is changing in other profound ways, driven by new forms of disruption, from global trade disputes highlighted by the US-China tariff battle to the global Coronavirus pandemic that all but shut down China following the normally busy post-Lunar New Year period. How all this plays out will reverberate through supply chains in the months to come, and echo through the TPM20 Conference on March 1-4 in Long Beach. This webcast, held in the aftermath of TPM20, will feature key takeaways from the event on these issues and more, including the outlook for the trans-Pacific container market and North American surface transportation sector; supply chain decarbonization and the future; the state of the IMO 2020 low-sulfur fuel mandate; and the latest in logistics technology drawn from El Dorado, a TPM Tech Experience, running concurrently to TPM20.
Mark Szakonyi, Executive Editor, JOC.com and The Journal of Commerce, Maritime & Trade, IHS Markit
Ari Ashe, Senior Editor, Southeast Ports and Intermodal Rail, JOC, Maritime & Trade, IHS Markit
Eric Johnson, Senior Editor, Technology, JOC, Maritime & Trade, IHS Markit
Bill Mongelluzzo, Senior Editor, JOC, Maritime & Trade, IHS Markit
Registration Details to follow.
Interested in sponsoring this webcast? For more information, please contact Tony Stein at Tony.Stein@ihsmarkit.com