Container

Habben Jansen confirms decline: "Right now is a bit of a bumpy ride"

The freight market is rapidly deteriorating, and the bottom has still not been reached, according to Hapag-Lloyd’s CEO – but not all is ”doom and gloom,” he says.
"I think it’s a little unclear how much is because of high inventories, and how much is due to weak underlying demand. In the end, probably a bit of both," says Hapag-Lloyd's CEO, Rolf Habben Jansen, about the falling market demand. | Photo: Hapag-Lloyd
"I think it’s a little unclear how much is because of high inventories, and how much is due to weak underlying demand. In the end, probably a bit of both," says Hapag-Lloyd's CEO, Rolf Habben Jansen, about the falling market demand. | Photo: Hapag-Lloyd
by JENS THOMSEN

Container rates are rapidly declining, and a weak global economy is bad news for carrier earnings – at least in the short term, according to Hapag-Lloyd CEO Rolf Habben Jansen.

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