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Container Shipping Set for Downturn, Hapag-Lloyd Chief Says

November 9, 2023


The container shipping industry faces a few years of headwinds as low freight rates, a weak European economy and widening geopolitical turmoil cloud the outlook, according to Hapag-Lloyd AG CEO Rolf Habben Jansen.

“I’m certainly concerned about the next 24-36 months because I think we are going to see a downturn,” Jansen said in an interview on Nov. 9. “I do expect that the market is going to remain under significant pressure.”

Hapag-Lloyd ranks No. 13 on the Transport Topics Top 50 list of the largest global freight companies.

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