With the Year of the Tiger in full swing, we’re now looking at which trends and disruptions in the market will affect freight rates in 2022.
Lunar New Year in China is virtually cancelled for the third year running as China's Zero-Covid policy has now turned into Zero-Omicron policy. Beijing's strategy of locking-down cities and curbing domestic travel includes and affects container movements and port operations.
“It's time for stock-taking on this much-debated February and knowing your exact position in this post-Lunar New Year/Olympics Winter games container shipping market,” said Peter Sand, Chief Analyst at Xeneta.
Consumer confidence is starting to drop around the world as box carriers implement surcharges equal to or more than the actual ocean rates charged. Globally, the prices are skyrocketing as shortages continue to plague both B2B and retail.
Join our 'State of the Ocean Freight Market' Webinar LIVE on February 22, with Peter Sand, Chief Analyst at Xeneta and Emily Stausbøll, Market Analyst at Xeneta to know your position in the market post-Lunar New Year.
Webinar highlights & what you'll learn:
- With slow resolutions into the hinterland logjam in the states and equipment shortages everywhere, how will capacity be impacted in the coming months?
- Despite the dip in long-term contracted ocean freight rates by 3.6% in January, rates stand 98.1% up year-on-year, demonstrating the commanding position carriers continue to occupy in shipping negotiations. As the logistics chain remains stressed, what can shippers expect in the coming weeks?
- How has Beijing's lockdown strategy affected global container movements and port operations?
- Market disruptions caused by USWA labour negotiations
- Rate analysis on major corridors
- Live Q&A
Register today to save your seat!
Feb 22, 2022 | Session 1 | 9:00 AM EST / 15:00 CET
Feb 22, 2022 | Session 2 | 3:00 PM EST / 21:00 CET
Meet the Speakers
Peter Sand, Chief Analyst, Xeneta
- Over a decade of experience analyzing commercial markets based on the global economic situation and its influence on trade at BIMCO
- Sand is regarded for his widely-read articles, industry insight and regular appearances on global news networks such as CNN, BBC, CNBC, and Bloomberg throughout his career.
- Master's in Economics from the University of Copenhagen
Emily Stausbøll, Maket Analyst, Xeneta
- Several years of experience analysing global shipping markets at BIMCO, understanding the global economy, its impact on trade and the dynamics of the shipping world
- Bachelor’s in International Shipping and Trade from Copenhagen Business School
Sign Up Now to Change the Way You Procure Ocean Freight!
If you can't attend LIVE, don't worry. Simply sign up, and we will send you the recording after the webinar is completed. Please send us any questions you would like to see answered to info@xeneta.com.
