Rates are unsustainable


At least that is the verdict of Hapag-Lloyd’s CEO Rolf Habben Jansen. Hosting a webinar for the media, he said: “Rates are hovering around 2019 levels and this is a real problem for us as costs are 25% to 30% higher today than then. On quite a few trades these rates are unsustainable and, overall, I expect rougher seas to prevail in the next few quarters.”

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