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Global Shipping Outlook: What Will 2020 Hold?

Start Date:12/5/2019

Start Time:10:00 AM CST / 11am et

Duration:60 minutes

Abstract:

As 2019 winds down, profitability remains a moving target for container shipping lines, and unpredictable trade flows out of Asia and poor supply-demand fundamentals are clouding the container shipping outlook. Trade tensions on the trans-Pacific are changing demand patterns among US shippers, and BCOs were reporting tight space at loading ports in China and Vietnam well into the fall. Carriers are responding by adjusting schedules and adding capacity to Southeast Asian strings as BCOs shift sourcing from China to avoid US tariffs, even as expectations of a US-China trade agreement gathered momentum. Compounding the demand uncertainty is the Jan. 1 implementation date of the IMO 2020 low-sulfur fuel regulation. The head haul trade from Asia to Europe faces its own challenges, with poor supply-demand fundamentals leading to increasing capacity management by carriers. Then there is intra-Asia, the world's largest container shipping trade and one of the most volatile. BIMCO reports weakness building in the trade this year and believes it's a signal of declining export orders, prompting the global shipping association to forecast slowing Asia-Europe demand.

This webcast, featuring outlooks from the JOC and Peter Sand, BIMCO’s chief shipping analyst, will take a deep dive into the fundamentals driving the global container shipping market as 2020 approaches.

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Speakers

Peter Sand

Chief Shipping Analyst

BIMCO

Peter Sand joined BIMCO in 2009 and currently holds the position of chief shipping analyst, responsible for analyzing the commercial markets for dry bulkers, tankers, and containerships. Taking the offset in global economics as the analytical starting point for all seaborne trade, he assists management, members, and clients with insight into many different aspects of the global shipping industry. Sand’s regular reports, focused analytical articles, and insightful comments on the shipping market are widely read and have often been referenced in global mainstream media. He is a teacher of maritime economics at the Danish Shipping Academy and a guest lecturer at Copenhagen Business School: Blue MBA and BSc International Shipping and Trade. During the rise and fall of the shipping markets, Sand gained experience in the fields of shipping analysis, executive assistance, caretaking of investors, and the art of transforming data and statistics into overviews and forecasts. Before joining BIMCO, he worked for the dry bulk and product tanker company D/S Norden. Sand holds a master’s degree in economics from the University of Copenhagen.

Moderator - Mark Szakonyi

Executive Editor, JOC.com and The Journal of Commerce, Maritime & Trade, IHS Markit

Mark Szakonyi leads the JOC editorial team of two dozen editors and global correspondents that provide business-critical and data-heavy business intelligence and analysis. Szakonyi oversees the magazine's 100-plus special reports a year, including the Annual Review and Outlook and Top 100 Importers and Exporters issues. In addition to supporting all JOC events, including TPM, TPM Asia, and the Inland Distribution Conference, he is chairman of the annual Canada Trade Conference. His analysis and work have been quoted in mainstream news media including the BBC, The Economist, NPR, and USA Today. He has bachelor degrees in political science and English from Elmhurst College, and a master’s degree in journalism from the University of Missouri.

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