September 11, 2023
3 min

Hapag-Lloyd CEO sees 'Green Shoots,' says container rates must rise - India Shipping News

The CEO of Hapag-Lloyd, Europe's fourth-largest container shipping carrier, says that the industry is showing signs of stabilizing after a year-long slump. However, it remains uncertain whether this rebound is sustainable. Demand in the first half of the year was subdued, but there are some signs of recovery as the industry moves closer to peak season. While some rivals have expressed pessimism about the market, Hapag-Lloyd's CEO remains cautiously optimistic. The overall cost for shipping containers is expected to adjust higher in the long term due to increased expenses for carriers.

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Adhikansh Gupta
Content Manager

Writer and editor who covers the latest trends and innovations in the software-as-a-service (SaaS) industry