Hapag-Lloyd confident in its long contracts – also in case of market normalization

The container market has peaked after a long period with extraordinarily high freight rates, assesses Hapag-Lloyd. But this doesn’t make the German carrier doubt the durability of its long contracts, says CEO Rolf Habben Jansen to ShippingWatch.

"Looking at the market in general, it’s slowly but steadily normalizing," assesses Hapag-Lloyd's CEO Rolf Habben Jansen. | Photo: Ulrich Perrey/AP/Ritzau Scanpix

Although world economy developments are particularly difficult to predict this year due to Covid-19, bottlenecks, inflation and war, Hapag-Lloyd Chief Executive Rolf Habben Jansen no longer doubts that the container market has peaked and is now heading toward normalization.

Container rates have been steadily declining for months, global economic growth is under pressure, and there’s much to indicate that more normal conditions will appear during the second half-year.

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