Hapag-Lloyd CEO expects container market congestion to last until third quarter

In the wake of Ever Given blocking the Suez Canal for close to a week, Hapag-Lloyd CEO Rolf Habben Jansen expects the market to experience congestion until the third quarter.

Rolf Habben Jansen, CEO of container line Hapag-Lloyd, expects the congested container market to continue into the third quarter. | Photo: PR / Hapag-Lloyd

Evergreen's vessel, the Ever Given, blocking the Suez Canal for almost a whole week before being refloated is causing long-term challenges for the container market.

In a briefing Thursday evening, Hapag-Lloyd CEO Rolf Habben Jansen said he expects congestions to remain an issue for the container market until the third quarter.

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