Tuesday 26th October - 11:00-12:30 CET
After a challenging 18 months, there is optimism growing across the globe that we are now on an upward turn where we could return to a sense of physical and economic normalcy. The pandemic still looms large with countries at various stages in its battle to suppress the virus but thanks to never before seen worldwide vaccination drive, it seems like the world can begin to look forward and ascertain its role in what is a re-shaped world order.
The container shipping industry is emerging relatively unscathed from the COVID-19 crisis. The International Monetary Fund (IMF) is predicting that the global economy will grow by 5.5% this year, which will leave the 2021 economy 1.8% bigger than 2019’s. Freight rates are at record levels, trade growth is expected to grow in 2021, a higher trade-to-GDP multiplier and the shipping orderbook being once again reopened with high investment in new vessels.
Although there will always be longstanding concerns that were accentuated by recent events, the industry has confounded dire industry predictions, proved to be resilient through a time of crisis and provided much needed support for the global economy as the world shutdown.
But in this new world order, where customers are seeking transparency and visibility from the industry, bottlenecks and delays are now a standard in certain parts of the supply chain and after the Evergreen incident in May, the industry is firmly in the headlines.
Furthermore, the reality of Brexit and its effect upon trade the European Union and the United Kingdom continues to be a concern in the region as showed by the continuous decline in trade between these since the 2016 referendum. On a more global level, the appointment of Joe Biden as President of the United States looks promising for trade between Europe and the US as the democrat has highlighted his interest in strengthening ties across both sides of the Atlantic.
There is no doubt that these challenging times will remain for the foreseeable future.
Economic outlook of the industry for the 2021-22 period
How long will market volatility and port congestion continue?
Will the industry ever return the ‘normality’ experienced in 2019?
Political instability – impact of Brexit continuing to influence regional supply chains
Steve Cameron, Principal, CMR
DREWRY CONTAINER MARKET OUTLOOK Stijn Rubens, Senior Advisor, Supply Chain Advisors, Drewry WILL OR SHOULD THE MARITIME INDUSTRY RETURN TO PRE-COVID 19 ‘NORMALITY’? Lamia Kerdjoudj-Belkaid, Secretary General, FEPORT
MAKING SENSE OF AN EXTRAORDINARY CONTAINER SHIPPING MARKET Peter Sand, Chief Shipping Analyst, BIMCO RESHUFFLING THE CARDS OF TERMINAL OPERATORS Johan-Paul Verschuure, Project Director, Rebel Group
GLOBAL TRENDS POST PANDEMIC: MARITIME RESILIENCE IN A CHANGING WORLD Indra Vonck, Leader Deloitte Port Advisory, Deloitte
Rewatch on 5/11/21 - 14:00 GMT
