Trade
No. 5 Container Carrier Expects Second-Half Bounce After Slump
- Weaker volumes boost container availability, Hapag-Lloyd says
- ‘Demand has clearly softened,’ CEO Jansen says on call
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The chief executive officer of the world’s fifth-largest container carrier said he expects demand for global shipping to rebound after a slump in volumes that lasts through midyear.
“I personally would expect that the first half is still going to be down, potentially quite significantly versus last year, but then we will see a recovery,” Hapag-Lloyd AG CEO Rolf Habben Jansen said on a conference call Tuesday.