Hamburg Süd, Maersk to Discuss Reefer Container Trade

MarineLink.com
Friday, June 21, 2013

Peter Frederiksen, Member of the Executive Board at Hamburg Süd and Thomas Eskesen, Global Head of Refrigerated Business at Maersk Line will be providing two separate keynote addresses at the fifth Cool Logistics Global, taking place in Rotterdam from September 24-26.

Exactly one year after Maersk’s momentous announcement about reefer rate restoration at Cool Logistics Global 2012, Thomas Eskesen will review the results of these measures and provide an outlook about the challenges facing the global reefer sector today. Looking more broadly at the health of container shipping overall, Peter Fredriksen is expected to review the impact of current carrier strategies on shippers of chilled and frozen cargoes. The two carrier executives will speak in the opening session on the morning of September 24.

With reports suggesting that the $1,500 reefer GRI initiated this January by Maersk and other major container carriers has met with mixed success, will the industry be in better shape come September than at the start of the year? Given that the reefer sector cannot be ring-fenced from the general container trades, reports of continued downward pressure on Asia-Europe freight rates spreading to other trades, as carriers cascade larger vessels through the global shipping network, also does not bode well for carrier revenues.

The shipping industry’s ability to supply sufficient refrigerated containers to keep pace with perishables trade growth remains a key source of concern. With the global perishables trade set to continue growing at 4.5% a year until 2016, according to Drewry Shipping Consultants, the industry needs to invest in around 100,000-110,000 new reefer boxes every year, says David Marjoram, Owner at David Marjoram Ltd. Marjoram will chair the Reefer Operations Day on 26 September, where new approaches to improve reefer equipment utilisation will be among the discussion topics.

“Around 115,000 new reefer containers were produced in 2012, but early indications suggest that there could be a purchasing shortfall of around 25,000 new reefer boxes this year by the carriers, placing the onus once again on the leasing sector to pick up the slack,” said Alex von Stempel, Director at Cool Logistics Resources. The global transport industry’s ability to keep up with demand, including increased perishables trade in emerging markets, will be the topic of lively debate in the annual Maritime Outlook debate on the afternoon of 24 September. The role of airfreight in meeting international transport needs will also be explored in-depth in a parallel Airfreight Outlook session.

Cool Logistics Global is convened this year under the headline theme “Transparent, efficient and fair: Charting a new course for global perishable supply chain operations.” Covering two days of business sessions, a full day of operational debate, field trips to a FloraHolland flower auction and Maasvlakte 2 port development, plus two evening receptions, the event once again brings together shippers, carriers, 3PLs, ports and terminals, technology providers and other key stakeholders to network in advance of annual contract negotiations.

The full program and list of participating speakers and delegate companies can be viewed at www.coollogisticsconference.com
 

Maritime Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Tugboat Capsizes Near 106th Bridge, Chicago

The Coast Guard informs it is responding to the capsize of a tug on the Calumet River near the 106th St. Bridge in Chicago, in which the two crew members were able

Oceanteam Focuses on Mexico Strategy

Oceanteam Shipping ASA releases its Q2 2014 financial report, with extracts as follows: The company says it saw, with its early focus on Mexico, a long term

HAL & Kelly Clark in ‘Attorneys Who Matter’ List Again

The Ethisphere Institute, the global leader in defining and advancing the standards of ethical business practices, recognized Holland America Line and Seabourn’s

Container Ships

Latest Ocean-Going Shipbuilding Orders

Clarkson Hellas notes in its latest 'S&P Weekly Bulletin' shipbuilding orders placed in the dry bulk, tankship, gas carrier and containership sectors, as follows: Dry

Euronav Books Profit from Sale of Chartered Ship

The owner of the 157,258 dwt containership Cap Isabella (built 2013), a vessel which Euronav had on bareboat charter, decided to sell the vessel to an unrelated third party.

Storm Surge Halts Vessel Operations at Long Beach

Two cargo terminals at the Port of Long Beach announced Wednesday, Aug. 27, that they were suspending vessel operations for the day because 10- to 15-foot high

 
 
Maritime Security Maritime Standards Naval Architecture Navigation Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1383 sec (7 req/sec)