• TPM25
  • March 2-5, 2025 | Long Beach Convention Center

Thomas Eskesen

Eskesen Advisory


Thomas Eskesen is the founder of Eskesen Advisory, which he considers his contribution to the world of refrigerated cargo. He established the company in mid-2015 with the ambition of giving his clients a sustainable, competitive advantage in their markets. Eskesen worked for Maersk Line for 30 years, of which the last 10 years he was the global head of the reefer business. He has held management positions in Hong Kong, China, and the United States for 12 years, solidifying a global network. His primary topics of work have revolved around P&L responsibility for the reefer segment; reefer product and services; strategic planning; reefer innovation; technical sales; and media/marketing/promotions. Eskesen’s ambition is to leverage his accumulated knowledge and global network into a second-to-none consultancy business. 

Sessions With Thomas Eskesen

Tuesday, 5 March

  • 02:15pm - 02:20pm (PST) / 05/mar/2024 10:15 pm - 05/mar/2024 10:20 pm
  • 02:20pm - 03:00pm (PST) / 05/mar/2024 10:20 pm - 05/mar/2024 11:00 pm

    TPM Cold Chain: Market Outlook — How a Disruptive Global Stage Will Shape Refrigerated Shipping in 2024

    Entering 2023, the global reefer market was hopeful. The massive price increases and cold chain disruption of the 2020-2021 COVID years was in the rearview mirror, and agricultural growers and the market at large widely believed that a normalization was in order. But as 2023 winds down, it’s increasingly clear that those hopes are being dashed. Nothing approaching normalization is occurring in the reefer market. Subdued reefer volumes in 2023 clearly show a market still in crisis. For decades, global economic and population growth corresponded to growth in international trade in food, whether fruits, meat, or seafood products. The growth was constant and predictable, providing a basis for billions of dollars in investment in reefer plugs, containers, and cold storage. That pattern has been disrupted since 2020, when COVID-related port disruption upended reefer supply chains. Now the issue is extreme weather events, which are increasingly disrupting growing patterns, resulting in scenarios where demand is there but supply doesn’t exist or is highly curtailed. “No one can tell you when the next global weather incident will happen or what the impact will be,” said Thomas Eskesen, head of cold chain consultant Eskesen Advisory and Journal of Commerce partner in developing TPM Cold Chain. This session, the kickoff to the new TPM Cold Chain event within TPM24, will analyze the state of the reefer market, the outlook for 2024, and when shippers and service providers can truly expect a return to stability and predictability – if ever. 

Wednesday, 6 March

  • 09:05am - 09:50am (PST) / 06/mar/2024 05:05 pm - 06/mar/2024 05:50 pm

    TPM Cold Chain: Shipper Perspectives — A Roundtable Discussion

    Following the unmitigated supply chain disaster and out-of-control pricing from 2020 to early 2022, refrigerated shippers wrung a lot of costs out of their supply chains in 2023. While that has certainly improved balance sheets and profitability, there are still plenty of problems on shippers’ plates, from cloudy supply chain visibility and service issues to changing consumer tastes and geopolitical strife. And that doesn’t even account for the unpredictable economic environment. This is a time for shippers to take stock and plan for what could be a stronger economy sometime in 2024. This session, featuring four logistics executives at shippers with very different product types, will explore where refrigerated BCOs go from here.
  • 09:55am - 10:40am (PST) / 06/mar/2024 05:55 pm - 06/mar/2024 06:40 pm

    TPM Cold Chain: Recovering From the Abyss: How Service Providers Are Preparing for the Next Volume Surge

    Now that the cargo volume surge and related disruption of 2020 to 2022 has passed, the international cold chain has time to reflect on what went well (not much) during the COVID era, what didn’t (a lot), and how to prepare for the inevitable next market uprising. Following a fairly muted 2022, ocean carriers spent much of 2023 adding reefer plugs and investing in new reefer containers, betting that they’ll win back refrigerated shipments. “We think the carriers will focus a bit more on the reefer trade than they have in the past two years,” Robert Sappio, CEO of reefer lessor SeaCube Containers, told the Journal of Commerce in June. Referring to eastbound trans-Pacific spot dry box rates that have tumbled more than 80 percent since the beginning of 2022, “If you are faced with the choice of chasing a reefer box or chasing a dry box that’s $1,500 or $1,600 in the spot market, it’s a no brainer.” Sappio said he expected global purchases of new reefer containers to grow 5 percent to about 300,000 TEU in 2023. For shippers, a continued influx of reefer capacity and containers would help to sustain rates that have declined by 30% or more since 2022 and significantly more than the unprecedented rates of 2020-2021. But with those rates falling, and earnings plummeting, will carriers maintain the investment pace? And, if capacity continues to outstrip demand, what measures will carriers take to close the gap? This session, featuring a panel of ocean carriers and forwarders will examine how service providers are adapting to new market conditions and what approach they’re taking toward the reefer market in 2024 and beyond.  
  • 11:55am - 12:40pm (PST) / 06/mar/2024 07:55 pm - 06/mar/2024 08:40 pm

    TPM Cold Chain: The Join the Move to -15C Initiative — Decarbonizing Refrigerated Shipping

    A flurry of activity around container shipping decarbonization is under way, with private sector initiatives occurring alongside ambitious IMO targets to reach net-zero greenhouse gas emissions by 2050. On the industry side, 40% of new ships on the carrier orderbook are for vessels capable of running on green fuels, according to industry analyst Alphaliner. Forwarders, meanwhile, are offering zero-carbon products to a growing number of customers, and a coalition of large shippers is pooling 600,000 TEUs of volume over three years is pooling 600,000 TEUs of volume over three years, acting similarly to a traditional shippers’ association and pledging to purchase only ocean freight services powered by scalable zero-carbon fuels by 2040. Most recently, a coalition of cold chain stakeholders in late 2024 announced at COP28 in Dubai the formation of the Join the -15ºC Initiative with a goal of lowering frozen food temperatures to dramatically reduce carbon dioxide emissions. Most frozen food has been transported and stored at -18ºC, a standard established 93 years ago that hasn’t changed. New research shows that changing the standard by just 3 degrees Celsius would have a dramatic impact on environmentally damaging emissions. According to the research, going to -15ºC standard would:

    • Save 17.7 million metric tons of carbon dioxide a year, the equivalent annual emissions of 3.8 million gasoline-powered automobiles.

    • Create energy savings or approximately 25 terawatt-hours, equivalent to more than 8.6% of the UK’s annual energy consumption.

    • Cut supply chain costs by at least 5% and up to 12%.

    This session, which will bring to a close the inaugural TPM Cold Chain event, will analyze these important developments, with a focus on the -15 ºC initiative and its revelatory impact on refrigerated shippers and their service providers.