DHL expects no container market stabilization until second half of 2021

DHL is experiencing the chaotic container market up close right now. CEO Tim Scharwath does not think a stable market will return until the second half of 2021. Hapag-Lloyd's CEO speaks of a strong market "into the second quarter" next year.

Tim Scharwath, CEO, DHL Global Forwarding. Photo: PR / DHL

If shippers and logistics companies had hoped the sky-high prices for shipping a container at sea would subside after New Year's Eve, they are likely going to be disappointed.

Because the world's logistics majors and container liners expect that the upturn, including a chaotic market with a shortage of free slots and container equipment will continue some time into 2021, a press conference held by Hapag-Lloyd reveals. Here, the company's CEO Rolf Habben Jansen participated, while DHL Global Freight Forwarding's chief executive, Tim Scharwath, also sat on the digital panel.

Read this article for free

Register with your E-mail.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

Related articles

Latest news


See all

See all