Hapag-Lloyd CEO sees market improvement within 1-2 years

With fewer vessels on the way and a gradual consolidation of carriers, Hapag-Lloyd CEO, Rolf Habben Jansen believes that the market will restore itself in the years ahead.

Photo: PR-foto/Hapag-Lloyd

Things are looking brighter for the container transport market with fewer vessels being delivered and gradual consolidation emerging among carriers, projects Hapag-Lloyd CEO Rolf Habben Jansen, who according to industry media Journal of Commerce believes the market will restore itself within the next 1-2 years.

"The industry is definitely in a tough spot at the moment, and we cannot say that the future is bright, but what we can say is that there is a light at the end of of the tunnel," says Rolf Habben Jansen at a conference in Hamburg according to the Journal of Commerce.

He points out that the carriers' order books for new vessels are shrinking, and that fewer vessels overall are being delivered.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs