Hapag-Lloyd CEO calls vessel overcapacity ‘exaggerated’

Hapag-Lloyd CEO calls vessel overcapacity ‘exaggerated’

Container freight rates will stabilize and may trend upward over the next few years despite the existing overcapacity of vessel space because of the expansion of existing carrier alliances and the creation of new ones, according to Rolf Habben Jansen, CEO of Hapag-Lloyd.

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