2017 & 2018 has bought with it a welcome return to global demand growth according to recent analysis from Drewry, with strong cargo growth rising to the 4% mark compared to the capacity increase for the industry of around 3%. With supply and demand continuing to edge closer together, the liner industry is now returning to the profits that it saw before the financial crash of 2008.
An industry that has experienced nearly 10 years of sluggish cargo demand, continued over-supply of trade capacity and freight rates falling to historic lows can now look ahead with renewed optimism.
However, there are still a number of risk factors which remain – rising trade protectionism and geopolitical tensions are at the
forefront of the global agenda - and possess the real ability to derail any shift in fortune for the industry.
Returning to Singapore for the fifth year in a row, TOC Events is ensuring that this important 2-track conference and exhibition
continues to base itself in one of the world’s most important transhipment hubs; and it is an honour for TOC Asia to continue its partnership with Singapore Maritime Week in 2018.