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Habben Jansen has a certain sympathy for South Korean state aid

The billion-dollar state aid provided by South Korea to the country's shipping sector is not of a scope that will have a big impact on the shipping sector, says Hapag-Lloyd CEO Rolf Habben Jansen. But he does not hope to see more state aid bailouts.

Photo: Hapag-Lloyd

South Korea's state aid to the country's shipping industry is in itself not enough to shift the power balance in the country's shipping sector, if one asks Hapag-Lloyd Chief Executive Officer Rolf Habben Jansen.

At a teleconference held by the German container shipping line on Wednesday, the CEO said that it will take more than what South Korea will give to its shipping sector to have a decisive impact on the market.

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