ShippingWatch

Hapag-Lloyd hopes for a more stable market in third quarter

"We don't know when the market will normalize, but we are working to make it happen in the third quarter," says Hapag-Lloyd CEO Rolf Habben Jansen to ShippingWatch. Maersk projects the overheated container market could last even longer.

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In recent months, the container lines' customers have had to look further and further into the future to even catch a glimpse of what could indicate a normalization of the container market, as well as more timely services and stabilized rates.

As the overheated container market and congested ports dug its heels in during the winter and spring, chief executives have repeatedly postponed their projections for when the market might return to pre-pandemic levels.

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