Habben Jansen: High costs and inflation are having "visible impact on the market"
Container rates are declining rapidly, and an economic recession could increase the pace of the ongoing market normalization, says Hapag-Lloyd’s chief executive. Build-up of inventories is a sign of waning demand.
by JENS THOMSEN
Even though congestion and delays are still seen across supply chains, there are still clear signs that the container market is heading toward normalization in the second half of the year, says Hapag-Lloyd’s CEO, Rolf Habben Jansen, who points out that inflation and geopolitical instability in particular are pushing down demand and thereby rates.
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