Ongoing global disruption continues to pose challenges to container shipping, but there is opportunity for parts of the market to be optimistic according to participants in the Navigating Red Sea Shipping During Instability discussion at Intermodal Asia 2024, which officially got underway today in Shanghai, China.
Conference programme
This eagerly anticipated talk, which is part of a three-day conference programme at Intermodal Asia 2024, provided attendees with an overview into how shipping lines, leasers, and BCOs are responding to current geopolitical tensions; what that means; and what the future of this “new normal” could mean for the container industry.
Power was joined by Kelly Chen, Head of Strategic Supply at FreightOS, who added that following the initial disruption and delays caused by route diversion in December 2023, some volumes across India and Dubai are being pushed to air, a “new normal” where transit times are predictable, and containers are flowing, but “capacity is stretched thin to do so”.
“When Red Sea traffic resumes, expect a readjustment period, followed by a return to overcapacity/blanked sailings,” said Chen.
Intermodal Asia 2024
More than 90 industry suppliers from around the world are exhibiting their services at Intermodal Asia 2024, including key players such as CCIA, CIMC, COSCO, CCS, COA, Touax, Tex, Thermo King, UES Investment, Triton and xChange.
“Since its inception Intermodal Asia has grown in stature, purpose and is now the premier industry event that connects the Intermodal Logistics and Shipping communities across Asia and beyond. From container manufacture and refit to cold chain solutions and the technology that powers our ever-advancing sector Intermodal Asia has it all,” said Rob Fisher, Event Director of Intermodal Asia.
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Source: Seatrade
