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You can now access the event online from the comfort & safety of your own home or office
As a free virtual attendee you will have opportunities for learning within the online conference sessions, to network with exhibitors and to view their products, plus there will be upgrade options that include contact building (using digital business cards) and enhanced attendee matchmaking and networking.
Whether you’re a cargo owner, 3PL, ocean carrier, land transport provider, port authority or terminal operator, the webinar programme at TOC Americas will give you the latest intelligence on key trends in international trade, container shipping strategy, port development, transport logistics and of course, terminal operations.
At time of writing, as Asia and Europe start to slowly rebound and tentatively restart economic activity, Latin, Central and to some extent, North America, are only beginning their journey and - in the case of Latin America and the Caribbean – are now the new COVID-19 global epicentre. The human toll is heartrending, and the economic impact has been severely damaging. In its latest forecast, the IMF estimates that the region’s economy will shrink by 9.4% and bring with it the worst recession on record.
Major countries across the region are projected steep declines in its GDP for 2020. Argentina, Brazil, Peru, Chile, Mexico and Colombia are all projecting reductions of at least 7.5% in 2020 (in Peru this is a staggering 14.5%) with the hope that their economies will rebound slightly in 2021.
The statistics and projections highlight the challenging second half the year that the region faces. With social distancing remaining in place, this means that economic activity will continue to remain limited and hindering the prospect of recovery going forward. Governments and centralised banks will continue to support the financial markets to try to contain and mitigate the damage, before any potential bounce back in 2021 and beyond.
As many industries were forced to shut down, the shipping sector continued to operate and to play its role in the movement of materials including medical supplies and protective equipment across the globe. With the plight of stranded seafarers coupled with the long-term effects of COVID-19, ports and terminals now have additional and complex challenges within which to operate.
Not reflective of the current economic situation, the container lines have pursued a regime that has taken everyone by surprised. Almost immediately after the pandemic started to take hold, the lines implemented one of the most aggressive programmes of blank sailings witnessed in history. The concept of blank sailings in times of crisis is not unusual as lines tend to revert to survival mode and stabilise its operations by managing capacity. But the speed and scale of this programme has meant that a 15-20% drop in liner capacity, designed to limit damage to spot-rates, has actually increased its value when you compare to prices in 2019.
At the beginning of this crisis, analyst speculated about how severely impacted the lines would be and estimates of up to $23 billion losses were predicted. But now, and if these rates can be maintained, liners could make a profit as high as $9 billion – this number is even more astounding when you consider that in 2019, the liners collectively profited to the tune of $5 billion before the COVID-19 pandemic.
At time of writing, as Asia and Europe start to slowly rebound and tentatively restart economic activity, Latin, Central and to some extent, North America, are only beginning their journey and - in the case of Latin America and the Caribbean – are now the new COVID-19 global epicentre.
The human toll is heartrending, and the economic impact has been severely damaging. In its latest forecast, the IMF estimates that the region’s economy will shrink by 9.4% and bring with it the worst recession on record.
Check out our preview video and get a taster of what you can expect from 3 days of jam-packed virtual keynotes, educational and topical seminars, networking and more, from the comfort of your own home: