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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.

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