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.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

DSV CEO on ocean freight: "Currently a flat market"

Despite significant revenue growth in its air and sea division, DSV saw "a flat market" for ocean freight in the third quarter. But CEO Jens Bjørn Andersen doesn't expect a setback in the market. "The goods must be freighted," he says.

Further reading

Related articles

Trial banner

Latest news

See all jobs