MODERATOR INTERVIEW - Jason Chiang
Can you give an overview of your conference topic/session? Why is this an important topic to discuss?
Vessel sizes (capacity) have increased since the introduction of the 14,000 Emma Maersk in 2007. We could see 22,000 TEU in the near future. To service these vessels, ports would have to invest in technology and equipment at their cost, often with minimal or no increase in revenue. This is a challenge shared by the other stakeholders in the port industry (port authorities, shippers, logistics players). Ports have turned to automation, investing in new technologies, upgrading equipment to tackle these challenges.
What can attendees expect to learn and discover from your session?
We have a number of speakers from various leading ports in the region who will share with us how their port is coping with the challenge of handling larger vessels. This will be a good opportunity to understand how each company views and manages.
What do you think is the biggest issue being faced/discussed in your industry at the moment?
For the port industry the greatest challenges: Coupled with the increasing vessel sizes, cargo demand growth has slowed while shipping lines have formed new alliances.
What is the biggest lesson you learned in 2016?
Hanjin’s bankruptcy was unexpected is now seen as a real possibility for shipping lines which are under financial stress. 2016 was a difficult year in terms of financial performance for the shipping lines.
What do you think the biggest challenge for the industry will be in 2017?
Ports are under pressure to maintain revenue in the coming years while requiring investment in order to stay competitive.
Why do you think events like Intermodal Asia are important for the industry?
We do not often see a panel made up of the various port and industry leaders speaking on the topic from a port operator perspective. It will be a good opportunity to hear what the speakers feel is the way to go in 2017.