Type: Keynote
Duration: 15 min
Play Session:
We have entered a new era in container shipping that could well be with us for a while. A combination of consolidation, cohesion within alliances, a greatly reduced order book, and a "warm-up" of blank sailing experience over the past 2-3 years positioned the carriers to engage in the most effective response to rapidly changing market conditions perhaps in their history. Just like with slow steaming, first introduced just prior to the 2008-2009 financial crisis and which carriers have never backtracked on, the ability to flex capacity in response to short term change in demand is likely a new normal that shippers will have to contend with. Any regulatory response is likely years away. The question is with the wind in their sails what do carriers do with it? Does effective cooperation seen in capacity management transfer over to technology initiatives like the success of the Digital Container Shipping Association or will carriers go their separate ways in technology, opening up a new era of competition? In his keynote speech, longtime journalist Peter Tirschwell will survey the landscape in light of its meaning for the future.
Mr. Peter Tirschwell is Vice President for Maritime & Trade at IHS Markit, a leading global provider of maritimedata, analysis, consulting and media. Mr. Tirschwell is responsible for all content appearing on JOC.com, The Journal of Commerce magazine and JOC Events, as well as Safety at Sea and Ports & Harbors magazines. Previously, he was executive vice president and chief content officer at JOC Group, as well as a reporter, West Coast Bureau chief, editor in chief and publisher of The Journal of Commerce. Mr. Tirschwell is the founder and chairman of the annual TPM conference in Long Beach, California, one of the world's largest shipping events, and led the development of the JOC Port Productivity data, the first global database of container port and marine terminal performance. He is a columnist for The Journal of Commerce and JOC.com covering a range of international logistics topics. He is a sought after speaker for industry events and has been quoted in The Wall Street Journal, Financial Times and The New York Times. He received a Master of Business Administration from Fordham University, Gabelli School of Business in New York and a Bachelor's Degree from the University of Maine, US.
