Ocean-Shipping Demand Staying ‘Very Strong,’ Hapag CEO Says
- Rates may stay elevated, return to normal may occur in 3Q
- Suez snarl to intensify box shortages for six to eight weeks
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Robust demand for shipping goods across the world’s oceans shows no signs of slowing down, the chief executive of Germany’s largest container carrier said, signaling that elevated rates in the tight market for seaborne cargo may extend into the second half of the year.
“Last week and this week we’ve still seen very strong bookings,” Rolf Habben Jansen, chief executive officer of Hapag-Lloyd AG, said on a conference call Thursday. “So I don’t see any signs around the corner than demand is falling off a cliff.”