Ocean Freight Negotiations

Learn key developments to target and understand during the upcoming freight bid season.

Amid unpredictable conditions impacting the global supply chain and transportation rates, which are unprecedented in modern times, trans-oceanic shippers and carriers, along with their associated importers, exporters, freight forwarders, and other agents, look for some market stability that might provide further insight into what the worldwide transportation community should expect in the coming year. While market predictions will not be discussed, the topics addressed will shed light on what challenges shippers may struggle with as they attempt to forecast market changes and meet the demands of their buyers and contract counterparties. Will carriers maintain their leverage in negotiating rates and trade allowances? Will government actors intervene to curve the rising-rate trends? How will those on the front lines of the import-export battles use new technologies and other resources to maintain operational volumes while trying to cut costs and boost trade efficiency? Stephen Hanemann, international trade and marine finance partner at Kean Miller LLP and Chairman of the World Trade Center of New Orleans, will answer some of these questions and many more with a business-based trade discussion, which will provide educational and operation data for purchasing and procurements team members, cargo buyers, shippers, contract administrators, material and project managers, and finance and accounting professionals. Stephen's 20+ year career involvement with international trade deals, negotiations, regulations, and financing will serve to provide a relevant and business-forward overview of a myriad of trade-related concepts.