Managing Director, New York
Slow growth and freight rate pressure. Overcapacity and flagging demand. Weak financials and liquidity problems. Faced with these challenges, ports, shippers, and carriers recently started taking bold steps to shore up their balance sheets. Ports are racing to invest in better connectivity and capacity for mega-vessels. Shippers are overhauling their procurement strategies to save costs and avoid service disruptions. Carriers have focused on stepping up scrapping and slimming down expenses—collectively slashing CAPEX by more than half over the past five years. Our global shipping and logistics team works closely with companies across the entire shipping industry to help prepare for what’s ahead.