NEWARK, N.J., April 27, 2012 /PRNewswire/ -- Drewry Shipping Consultants estimate that container shipping lines collectively lost $5.2 billion in 2011. To thrive in 2012, the industry will have to tackle declining rates and a potentially chaotic round of mergers and acquisitions. Business leaders will discuss the potential scenarios and predictions for the upcoming year at UBM Global Trade's JOC Container Shipping Conference Shanghai, June 4-5 at the Sheraton Shanghai Hongkou Hotel.
Some analysts, including SeaIntel's Lars Jensen, one of the speakers at JOC Container Shipping Conference Shanghai, believe that container shipping rates have bottomed out and the worst of the declines may have come and gone. Others in the industry anticipate that the largest carriers will continue to build market share and use their financial muscle to drive smaller carriers out of key markets like Asia-Europe, encouraging the continuation of rate freefall.
Speakers from organizations including the Panama Canal Authority, Citi, Maersk Line North America and Drewry Shipping Consultants will explore key issues including the impact of the upcoming canal expansion, the possibility of carrier realignment and consolidation and the unprecedented low ocean freight level on Far-East-North Europe trade. Conference panels and discussions will also examine how changes in China's governmental structure will impact hinterland and infrastructure development, and what lessons might be learned from Europe for China's inland waterways.
About The Journal of Commerce: Since 1827, The Journal of Commerce has been the most trusted source of intelligence for international logistics executives to help them plan global supply chains and better manage day-to-day transportation of goods and commodities in the United States and internationally.
To become a member of The Journal of Commerce click here. Only JOC members get full access to all content and data on www.joc.com, access to the information needed to fully understand all the issues facing trucking, rail and maritime transportation. In addition, members get the weekly magazine, special reports, free webinars, the JOC mobile app, the JOC Daily Newswire and discounts to all JOC conferences and events. Members enjoy access to "By the Numbers," an exclusive weekly compilation of key industry statistics that provides detailed views of current market trends across all modes. Regular market intelligence reports -- utilizing PIERS trade data -- include Top 100 Imports and Exporters, quarterly Top 40 Container lines, Trans-Pacific and Trans-Atlantic Maritime Forecasts and Top Container Ports and Terminals. Market-sector supplements, including Breakbulk, Cool Cargoes, 3PL, JOC Guide to Trucking and others, ensure all modes are comprehensively covered.
About UBM Global Trade -- UBM Global Trade is the leading provider of proprietary data, news, business intelligence and analytical content supporting commercial maritime, rail, trucking, warehousing and logistics industries worldwide. The company's portfolio of more than 100 online, print and interactive workflow business solutions includes The Journal of Commerce, Breakbulk, RailResource, PIERS and an array of international trade and transportation databases and directories. Upcoming events include TPM Asia in Shenzhen and the JOC Container Shipping Conference Shanghai. UBM Global Trade, a subsidiary of UBM plc, is headquartered in Newark, NJ, with offices throughout the United States. For more information, explore www.ubmglobaltrade.com or call 800-223-0243 (+1-973-776-8660 outside the U.S. or Canada).
SOURCE The Journal of Commerce