Busiest season for container lines approaches – but ships are already overflowing
Container carriers' high season, July and August, in which Christmas goods, among other things, are freighted, is set to be extended due to a chaotic market, estimates Hapag-Lloyd CEO Rolf Habben Jansen. Empty inventories can further worsen bottlenecks.
Hafnia, Torm, Norden and Scorpio Tankers have seen big profits this year in a strong tanker market, which has been highly affected by Russia’s war in Ukraine. The carriers are now sending record-high dividends out to stakeholders.
Demand on the majority of busy container routes is now at its lowest level in three years, an influential analyst bureau reports, saying volumes may continue to plummet beyond the Chinese New Year in February.