Sessions With Justin Archard
Thursday, 20 April
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10:00am - 10:45am (CST) / 20/apr/2023 03:00 pm - 20/apr/2023 03:45 pm
Whose Market Is It Now? Understanding Market Trends and Risk
The ocean freight market of the last two years starkly revealed the vulnerabilities of the global supply chain. Many project shippers, accustomed to nearly on-demand container transportation services while also holding the upper-hand in the multipurpose market, suddenly found themselves struggling to secure the space and sailings needed in 2021 and 2022, regardless of price. So, whose market are we in now? Is the pendulum swinging back toward the pre-pandemic status quo, and is it safe for shippers to bet that the market will normalize, whatever that means in 2023? Shippers must assess and mitigate the risks involved as they seek to grapple with market capacity, vessel availability, cost-vs.-price dynamics, booking lead times, and all the other factors necessary to secure the right ship and right schedule at the right price. Miscalculating current and future markets and developing trends place shippers at risk of overpaying for services, paying for service levels they don't need, unnecessarily accepting unfavorable terms and conditions, or not being able to secure services when and where needed. This panel of industry professionals, led by well-respected, long-term project logistics expert Dennis Mottola, will offer their views on current and near-term multipurpose/heavy-lift market trends. It also will discuss many of the inputs required to evaluate market conditions and arrive at informed carrier-selection decisions that enable positive outcomes.
Friday, 21 April
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09:45am - 10:30am (CST) / 21/apr/2023 02:45 pm - 21/apr/2023 03:30 pm
Deciphering the Multipurpose Market: Analysts and Shippers Assess the Indicators
What lies ahead for the multipurpose vessel sector — and how do we know this? Given the complexity of the MPV market, no single index can supply all the answers that shippers and logistics service providers would like to have. What indicators beyond those derived from the MPV fleet are the most useful, and how do shippers and logistics transportation providers use them? What more might be provided or created? In this session, leading industry analysts will share their outlooks for the MPV market and discuss how these forecasts are produced and what else might be possible.