Episode 29: What 2001 can teach us about the 2023 ocean market

“Let’s go back a couple of years when we were hit by the pandemic. We kept hearing this phrase that soon we’re going to be out of the tunnel only to discover that the bridge we go onto has collapsed.”

In this week’s episode Alex Hersham is joined by Lars Jensen, CEO and Partner of Vespucci Maritime as they talk about their predictions for 2023 and how they can draw lessons from the past.

They delve into:

• The inventory-led recession in the US in the first half of 2001
• The potential for volatility in 2023
• How the 2023 market will affect tenders

Lars Jensen
Lars Jensen is CEO of Vespucci Maritime, and has 21 years of experience in the container shipping industry. Lars is an analyst and thought leader providing expert assistance in strategic decision making and analysis in the wider container shipping industry.

Resources

• Understanding (another) unprecedented tender season
• Understanding the changing demand of demand planning
• Ocean Deep Dive November: Balancing Rate Risk and Opportunity