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WallTech Family | Season 1: Inside Shipping Companies | Part 2: Price Predictions for H2 2024

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    Click the video above to watch exciting sharings from seasoned freight forwarding executives!

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    Several shipping companies have recently issued notices of rate increases, with this surge primarily concentrated in regions such as North America, Europe, and the Mediterranean. Certain routes have seen price increases nearing 70%.

     

    This wave of collective rate adjustments is driven by ongoing Red Sea disruptions, active inventory restocking in the West, and the trans-Atlantic long-term contract season in April and May. Shipping companies are leveraging rate hikes to strengthen their bargaining power, resulting in a combined push for higher freight rates.



    "Stories, Attitudes, and Substantial Insights"


    Welcome to WallTech Family - the brand program for international logistics professionals


    WallTech Family | Season One: Inside Shipping Companies


    Today, We're back with Part 2 of 'Inside Shipping Companies'. Two guests from famous booking agents will continue discussing several important industrial topics with the host, Mr. Wen Ming, CSO of WallTech, including the impact of China's new energy industry export boom on freight forwarding and the analysis of freight rate trends in 2024.


    Meanwhile, the guests also shared some interesting topics: what mindset changes are needed to work in shipping companies and freight forwarding enterprises? What preparations should freight forwarders make to serve customers at multiple global ports?




    Episode 1 (Part 2) Timeline

    You can jump directly to your interested topics according to the following timeline


    00:46-4:03

    Amid the surge in exports of new energy vehicles, how can freight forwarders seize the opportunities?

    4:04-6:50

    What are the major differences between working for a shipping company and working for a freight forwarder?

    6:52-7:33

    How do we view the dissolution of the 2M Alliance and the establishment of the Gemini Alliance?

    7:34-10:13

    What are the trends in the development of multi-port services by freight forwarders?

    10:14-13:51

    Forecasting the freight rate trends for 2024.





    Highlights of Episode 1 (Part 1)

    Click here to watch WallTech Family | Season 1: Inside Shipping Companies | Part 1: How to book for special cargos?

    00:00 - 02:33

    Introduction to the program

    02:33 - 04:23

    Guest introductions & their history of collaboration with the two major shipping companies

    04:23 - 08:29

    ONE and Hapag-Lloyd's requirements for booking hazardous and special goods

    08:29 - 13:12

    Spot market vs. long-term contract rates:

    How should shippers choose?

    13:12 - 15:29

    Sharing experiences from years of cooperation with shipping companies as a booking agent

    15:29 - 21:09

    The rise of shipping companies' e-commerce and its impact on freight forwarders

    21:09 - 21:44






    WallTech Family Season 1

    Inside Shipping Companies



    Guests

    Jianfeng Tao

    Jianfeng Tao

    Deputy General Manager, Ba-shi Yuexin


    Gaoling Zhu

    Gaoling Zhu

    General Manager, Maritime Division, UBI Logistics







    Shipping Companies Featured

    Ocean Network Express

    Ocean Network Express






    Hapag-Lloyd

    Hapag-Lloyd





    WallTech Family, created by WallTech in collaboration with esteemed clients, adheres to the philosophy of  "Stories, Perspectives, and Practical Insights." It highlights pivotal issues in the international logistics sector, inviting veteran enterprises to discuss and share insights on its development.




    The series spans five seasons, each delving into critical topics in international logistics. Episodes are released monthly, with each edition comprising two parts.


    The inaugural season, Inside Shipping Companies, has undergone meticulous planning over two months and officially debuts today.








    We welcome your thoughts on WallTech Family and any topics you wish to explore. Each comment will be carefully reviewed and considered for future episodes.


     


    A heartfelt thank-you to all our guests and viewers


    Produced by

    WallTech (China) Co., Ltd

    WallTech (China) Co., Ltd






    Special Thanks to

    Ba-shi YueXin

    UBI Logistics






    Leading freight forwarding enterprises and loyal users of 

    WallTech International Logistics Collaboration Management System 

    for over a decade







    -END -


     - Reinventing Global Logistics Software Cloud Service- 

    Leading Cross-border Logistics SaaS Cloud Service Platform

    CargoWare  eTower



    References
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