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.