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Hapag-Lloyd shipping company expects fewer freight transport delays

Photo: ANP

Hapag-Lloyd, Germany’s largest shipping company, expects much fewer delays in the sea transport of freight containers by the end of the year. The decisive point will come when employees who are currently out of work due to the coronavirus return to the terminals, CEO Rolf Habben Jansen said.

The CEO said he was cautiously optimistic that the spread of the omikro variant of the coronavirus in both the United States and Europe will decrease in the second quarter. As a result, he expects “significant steps forward” from the third quarter.

The shipping boss also thinks that the currently extremely high freight rates will fall again, but not yet to the level of before the corona pandemic. According to him, the fuel prices and the costs of loading and unloading at the terminals have risen too high.

Due to the strong economic recovery from the corona crisis and the high demand for consumer goods, the need for sea containers has increased sharply, while the supply is limited. The rates for shipping goods have exploded as a result. Shipping companies such as Hapag-Lloyd benefit greatly from this.



Hapag-Lloyd shipping company expects fewer freight transport delays
Source link Hapag-Lloyd shipping company expects fewer freight transport delays

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