Post- Panama Canal Expansion and Hanjin Shipping Bankrupcy: The changing Dynamics of Liner Trades
The completion of the Panama Canal expansion; and the recent bankruptcy of Hanjin Shipping are the two seismic events of the decade. Ocean carriers APL and MSC join port operator PSA to assess the effects cascading through the global supply chain.
Post updated after conclusion of the event
Cargo does not grow but terminals grow. What is happening?
- 440 projects of investment between 2016 and 2021 (200 subsequent projects)
- 405 million additional TEUs (214 million to 2018)
- Current situation of the world market does not ensure the success of these projects
Container Terminal Project Pipeline 2016
With a large concurrency the event was focused in the oversizing of Latin American ports and in the poor infrastructure of domestic transport. It was a very interesting and very current debate. Latinports´ executive director, Julian Palacio, made a presentation called Investment and Port Development in Latin America, which he referred to Favela Ports (ports with excess of terminals) and the White Elephants (oversized terminals).
Cancun, Mexico, 11 to 13 of September of 2016
2016 has seen the shipping industry witness two game-changing major events, the likes of which have not been seen for over a decade. Prior to the collapse of Hanjin Shipping, the industry has seen unprecedented mergers and acquisitions activity, severely shaking up the alliances, as the industry continues to try and reduce costs and address the issue of chronic overcapacity. With the dramatic news of Hanjin Shipping’s collapse, shockwaves have been sent through the industry and, as major customer of the Panama Canal, this incident has global ramifications.
On the other hand, Latinports’ executive director, Julian Palacio, on the panel “Port Investment and Development in the Americas” will be a critical presentation on the Latin American port situation, very affected by the shipping company crisis and the static in the cargo movement of foreign trade, consequence of the poor behaviour of the GDP of their countries.
This year’s TOC Americas event includes Container Supply Chain and TECH TOC conference tracks, a special cold chain session (TOC Cold Chain), a sold-out port technology exhibition as well as a full social programme.
For more information, please enter the website www.tocevents-americas.com