Webcasts

The Red Sea attacks that forced ocean carriers to divert Asia-to-North Europe and Mediterranean services around the southern tip of Africa allowed container shipping to address its two main challenges heading into 2024: overcapacity and low-rate levels. Carriers will take delivery of nearly 2 million TEU of new capacity this year, a significant portion of which will be mega-ships that can only be deployed on the trades between Asia and Europe. While BIMCO estimates the Africa diversions are absorbing up to 9.5% of the excess capacity as carriers add ships to loops to maintain weekly schedules, economic growth in the Eurozone is forecast to be just 0.9% this year, only a slight improvement from 0.5% growth in 2023. Average spot rates from Asia to North Europe were less than $1,000 per TEU in late November 2023 but quickly rose when the Red Sea attacks began, peaking in mid-January at more than $5,000 per TEU before falling sharply. By early April, spot rates had lost more than a third of the gains made since December. Asia-Europe supply chains now have settled into the longer voyages with the Africa diversions expected to remain at least through the peak season. But the underlying challenges of overcapacity and downward rate pressure are reasserting themselves on the market. There is more than enough available capacity to cover the demand this year, even with the Red Sea crisis, and as soon as transits via the Suez Canal resume, rates will almost certainly collapse.

This webcast, led by Europe editor Greg Knowler will analyze these factors and more that will determine the course of the Asia-Europe trade this year.

Moderator:

Greg Knowler, Europe Editor, Journal of Commerce by S&P Global

Speaker(s):

Jochen Gutschmidt, Senior Advisor-Inland Supply Chain and Logistics, Lidl

Marc Meier, Managing Director EMEA Air & Sea Logistics, Dachser

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Partner:

Moderator:

Mark Szakonyi, Executive Editor, Journal of Commerce by S&P Global

Speaker(s):

TBC

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Moderator:

Bill Mongelluzzo, Senior Editor-West Coast, Journal of Commerce by S&P Global

Speaker(s):

TBC

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Moderator:

Mark Szakonyi, Executive Editor, Journal of Commerce by S&P Global

Speaker(s):

TBC

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Moderator:

Mark Szakonyi, Executive Editor, Journal of Commerce by S&P Global

Speaker(s):

TBC

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Partner:

Moderator:

Bill Mongelluzzo, Senior Editor-West Coast, Journal of Commerce by S&P Global

Speaker(s):

TBC

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Partner:

Moderator:

William Cassidy, Senior Editor, Trucking and Domestic Transportation, Journal of Commerce by S&P Global

Speaker(s):

TBC

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Moderator:

Janet Nodar, Senior Editor, Breakbulk, Project, and Heavy-Lift Shipping, Journal of Commerce by S&P Global

Speaker(s):

TBC

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Moderator:

Greg Knowler, Europe Editor, Journal of Commerce by S&P Global

Speaker(s):

TBC

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Partner:

Moderator:

Eric Johnson, Senior Editor, Technology, Journal of Commerce by S&P Global

Speaker(s):

TBC

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Moderator:

Greg Knowler, Europe Editor, Journal of Commerce by S&P Global

Speaker(s):

TBC

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Moderator:

William Cassidy, Senior Editor, Trucking and Domestic Transportation, Journal of Commerce by S&P Global

Speaker(s):

TBC

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Moderator:

TBC

Speaker(s):

TBC

*Check back soon for more information! Interested in sponsoring this webcast? For more information, please visit https://subscribe.joc.com/mediasolutions/

Partner:

Moderator:

Mark Szakonyi, Executive Editor, Journal of Commerce by S&P Global

Speaker(s):

TBC

*Check back soon for more information! Interested in sponsoring this webcast? For more information, please visit https://subscribe.joc.com/mediasolutions/

Moderator:

Bill Mongelluzzo, Senior Editor-West Coast, Journal of Commerce by S&P Global

Speaker(s):

TBC

*Check back soon for more information! Interested in sponsoring this webcast? For more information, please visit https://subscribe.joc.com/mediasolutions/