2010 Ocean Shipping Roundtable: Close quarters
Dwindling space and risings rates have caused major disruptions for U.S. importers over the first half of 2010. How long will these challenges persist on the high seas? We’ve asked a couple experts to explain what ocean shippers can expect for the rest of this year.
As Logistics Management has been documenting over the first half of 2010, ocean shippers have been scrambling for space due to a global shortage of containers and are getting squeezed for higher rates when they find it.
So, what can ocean shippers expect to face during the final quarter of this year and how do they need adjust their planning heading into 2011? We’ve asked ocean shipping and global trade insiders Michael Berzon and Jon Monroe to shine a little light on ocean rates, capacity, and trade trends—a few of the more perplexing challenges facing global shippers today.
A long time ocean shipper, Berzon is the ocean transportation committee chair of the National Industrial Transportation League (NITL). Jon Monroe is president of Jon Monroe Consulting, a firm specializing in helping shippers optimize their overseas trade lanes. Here’s what these two men in the trenches had to say about the current conditions on the high seas.
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