Lloyd’s List pair to strengthen container sector coverage

Roger Hailey becomes new editor of Containerisation International as Janet Porter leads container coverage.

Roger Hailey becomes new editor of Containerisation International as Janet Porter leads container coverage

ROGER Hailey, the ports and logistics editor of Lloyd’s List, has been appointed as as Containerisation International’s new editor and will take on the role from February 4 with a brief to develop the 45-year-old brand in 2013.

Janet Porter, formerly chief correspondent of Lloyd’s List, has become editor-in-chief — containers with immediate effect and will oversee the quality and focus of Containerisation International and the new Lloyd’s List Intelligence Containers Channel, while maintaining her record of scoops and insights for Lloyd’s List. All three services are owned by Informa Business Information.

Hailey is a former editor of International Freighting Weekly, or IFW, and in his career at Lloyd’s List he has been news editor, ports and logistics editor and Brussels correspondent.

Porter, who this week won the news journalist of the year award at the Seahorse Awards in London, joined Lloyd’s List in 1997 as chief correspondent. She had previously worked for the Journal of Commerce.

“Porter and Hailey will lead a 2013 drive to ensure that Containerisation International’s content remains must-have by being timely, relevant, exclusive and insightful,” said Lloyd’s List Group head of content Adam Smallman. “They will use all the resources of Lloyd’s List Group — its data, analysis, journalism and digital platforms — to expand Containerisation International’s global footprint.

“Containerisation International has enjoyed a highly successful year, with a relaunch and astonishingly strong support in very tough times from advertisers and sponsors who wish to reach this amazing industry’s decision makers.”

He added that further journalism and analytical staff to support Lloyd’s List Group’s container coverage would be announced in the new year.

Meanwhile, Sarah Bennett has joined the Lloyd’s List Intelligence Containers Channel as an analyst after graduating from London’s School of Oriental and African Studies with a master’s degree in the economics of the Asia-Pacific region.

John Fossey, until recently editorial director of Containerisation International, will remain associated with the brand by providing his insights and opinion on world containerised trade on a contributory basis. Other new writers for Containerisation International include Craig Jallal, former shipping market analyst for banks BNP Paribas and Fortis, who has previously been a ship finance consultant for Clarksons and a former editor of Lloyd’s Shipping Economist.

The Containerisation International Global Liner Shipping Conference, which attracts the leaders of the liners industry, takes place in London on April 18-19, 2013. http://www.globallinershipping.com/


“Lucky” 13?

Three economic scenarios and what they mean for liner shipping in 2013.

Containerisation International magazine is exploring the possible economic scenarios for 2013 and what these imply for the industry. These scenarios are being developed with the help of James Frew, Container Analyst at Maritime Strategies International. We would like your help in assessing the likelihood of each scenario detailed below. There will be a survey about the scenarios posted on this blog, and on various LinkedIn freight and shipping forums.

Scenario 1; Going Over the Fiscal Cliff.

US – Half a dozen or so tax exemptions expire at the end of 2012 along with a similar number of scheduled spending cuts kicking in at the start of 2013. The aggregate effect is $7 trillion of tax increases and spending cuts over the next decade start in 2013,which economists say the change is too fast and will throw the US economy into recession. The main battleground is the expiry of the temporary Bush tax cuts at the end 2012, and who this will affect. Republicans want no tax increases, while Democrats want tax increases at least for those earning more than $250,000/year. In Scenario 1 Obama and the Democrats fail to reach a compromise with the Republicans, who control the Senate. The non-partisan Congressional Budget Office estimates the inflation adjusted affect will be 0.5% drop in GDP in 2013. The Tax Policy Centre at Moody’s Analytics goes even further (see amazing graphic) predicting a 3.54% drop in GDP. This would be a repeat of 2009 (see chart from Google’s free public data website). MSI estimates housing starts revert to 5-600k/year. Federal Reserve will increase QE to partially offset the economic weakness.

EuropeGreece exits the Euro. Greek losses impact across Europe. Other weak Euro countries (Portugal, Spain, Italy) increase austerity packages and their total GDP falls by 5%. The rest of the Eurozone falls by 0.5%. France slips into recession. Merkel loses election to former finance minister Peer Steinbrueck.

China – The new leaders embark on a mini-stimulus programme emphasising infrastructure and investment, and GDP growth remains over 6.5%. New leaders launch anti-corruption drive.

Scenario 2; More of the Same

US – Democrats and Republicans agree to an extension of tax cuts and increase legal limit of deficit. Scheduled spending cuts are balanced out by agreements on other spending. Failure to agree longer term solution hits investor confidence. Unemployment begins to fall and housing starts increase to 1 million/year. GDP growth 2.4%/year.

Europe – Greece and other weak Eurozone nations implement further austerity measures, and stay in recession. Germany’s GDP marginal GDP growth exceeds 1%, while rest of Eurozone is 0.4%.

China – GDP Growth hits 8.4% with more emphasis on investment and infrastructure.

Scenario 3; Turning the Corner

US – Compromise reached on tax rises and spending cuts. US extends fiscal stimulus and there is a release of pent up consumer and investor demand. GDP growth hits 3.8% and housing starts reach 1.4 million/year.

Europe – European leaders agree on some form of debt mutualisation, which solves the Eurozone crisis. Greece is granted limited debt relief. Greece, Spain and Italy push through reforms of their labour markets, freeing up goods and services from restrictive practices. France implements tax reform. The ECB loosens policy. Eurozone GDP grows by 2.5%.

China – A stronger global economy allows the government to continue with policy of switching from investment and export led growth toward encouraging domestic consumption. GDP growth hits 8.5% and imports rise.

The scenarios are in development, so feel free if you have any questions or comments. Hopefully we will get a good response and be able to paint a picture of what the industry thinks 2013 will look like.

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