Container

Rolf Habben Jansen describes the third quarter as a bloodbath

It doesn’t help much that container ships are full when freight rates have reached unsustainable levels on several routes, says the CEO of Hapag-Lloyd.
"It simply does not make sense to sail ships at some of the rates we have seen, and then it is better to not sail them,” says Rolf Habben Jansen, CEO of Hapag-Lloyd, which has canceled a number of sailings on loss-making routes. | Photo: Ulrich Perrey/AP/Ritzau Scanpix
"It simply does not make sense to sail ships at some of the rates we have seen, and then it is better to not sail them,” says Rolf Habben Jansen, CEO of Hapag-Lloyd, which has canceled a number of sailings on loss-making routes. | Photo: Ulrich Perrey/AP/Ritzau Scanpix
by JENS THOMSEN

Low freight rates have put Hapag-Lloyd under so much pressure that the German container giant has been forced to cut the number of sailings to save costs and reduce losses.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
    • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Related articles

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    Further reading

    Jobs