Setting the Scene
The Container Shipping industry has gone through what one could call some very extreme swings. A peak higher than we’ve ever seen before and now a trough, the speed of which perhaps took many by surprise.
Rate levels that were near 3 times of 2019 rates, and now, down to pre-pandemic levels and lower; the prospect of a building orderbook; along with, as some market commentators say, an impending recession and forecasted demand shortfall. All these could make for some rather tough times in the coming months.
On a positive note, liners have entered this environment with perhaps the strongest balance sheets we’ve seen in over a decade. Most saw record profits and a robust war chest. Quite a few have invested heavily in developing focused services and infrastructure that bring them closer to their customers than ever before.
- How does this change things and will this help break the cycle of booms and busts that have become so regular for the industry
- What are some of the other products and services that liners offer
- What will help liners balance out their returns in the short term, while broadening their service profiles
See speaker profiles on booking page.
- Goh Teck Gin, SVP Global Terminal Management – OCEAN NETWORK EXPRESS
- Raul Carvalho, Commercial Director, South Asia, Middle East & Africa – CH ROBINSON
- Patrick Wong, Key Accounts & Business Development – CMA CGM
- Siddharth Adya, Director, CILT SINGAPORE (Moderator)