Freight Rate Volatility to be highlighted at the 2013 TPM Conference

     Freight Rate Volatility to be highlighted at the 2013 TPM Conference

PR Newswire

NEWARK, N.J., Dec. 19, 2012

NEWARK, N.J., Dec. 19, 2012 /PRNewswire/ --Last week Asia to Europe spot
container rates soared 35% in a single week. Asia to Mediterranean rates were
up 66% last week, while trans-Pacific rates climbed as well. In October, rates
surged by roughly the same amount only to give up all of those gains in
subsequent weeks. As Alphaliner analyst Hua Joo Tan told TPM Asia in October,
"2012 has been the most volatile in the industry's history as far as the rates
are concerned," while SeaIntel said this week that "for all seven major
deep-sea trades out of Asia, the market is becoming increasingly erratic. This
poses a significant challenge for carriers and shippers alike."

The increasing volatility of ocean container freight rates will be a key topic
discussed at the 2013 TPM conference on March 3-6 in Long Beach. One of the
largest container shipping and logistics conferences in the world, TPM is a
key annual gathering for major shippers, carriers, 3PLs, ports, railroads and
other participants in the ocean container supply chain.

Although container rates have long been volatile, many believe the level of
volatility now being witnessed in the major east-west markets is
unprecedented. It is the results of several factors, including persistent
overcapacity that is resulting in more frequent additions and withdrawals of
tonnage from major trades as carriers constantly adjust to maintain a balance
of supply and demand.

Two sessions at the 2013 TPM will address this issue specifically. The opening
market session on the morning of Monday, March 4 will feature Hua Joo Tan of
Alphaliner, Hong Kong based transport investment analyst Johnson Leung and
JOC/PIERS economist Mario Moreno offering an outlook of what 2013 looks like
two months into the new year. The second session will focus on index-linked
contracts, a relatively new type of service contract in which shippers and
carriers tie rates to published indices like the Shanghai Containerized
Freight Index, CTS or other indices as a way to mitigate volatility. That
session will be led by Ed Sands, Logistics Global Practice Leader at Procurian
and will feature BCOs including Gregg Ramos,Global Director Transportation &
Execution, Anheuser-Busch InBev.

Timed at the start of the service contract negotiating cycle for the eastbound
trans-Pacific, TPM is a content-rich event featuring dozens of senior-level
industry executives addressing the most topical and pressing issues. The
program is developed by the JOC editorial team including Bill Mongelluzzo,
Joseph Bonney, Peter Leach, and consultant Barry Horowitz based on their
extensive experience and industry coverage. TPM has become a must-attend event
timed to the beginning of the annual service contract negotiating cycle,
bringing together senior executives from across the full global container
supply chain. Last year's attendance of more than 1,800 people broke event
records. TPM is now the largest event of its kind in the world.

For more information, follow TPM on Twitter @TPMconferences and, for the
complete TPM 2013 agenda, or to register, visit

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SOURCE The Journal of Commerce

Contact: Peter Tirschwell, Senior Vice President, Strategy, The Journal of
Commerce, +1-973-776-7822,
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