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Hapag-Lloyd CEO says shipping still in the thick of supply chain disruptions

Mark White by Mark White
September 30, 2021
in Logistics
0

A Hapag Lloyd container ship is loaded at a shipping terminal in the harbour of Hamburg, Germany, March 25, 2017. REUTERS/Fabian Bimmer

FRANKFURT, Sept 30 (Reuters) – Global container liner problems related to post-corona logistics hiccups have intensified in the third quarter and show no sign of letting up, the world’s number five operator, Hapag-Lloyd (HLAG.DE), said on Thursday.

Chief executive Rolf Habben Jansen told reporters in an online briefing that container usage in August was up 20% year-on-year.

He said port congestion and high spot freight rates, caused by a combination of unexpected demnand recovery and tight shipping space, would continue at least during the rest of 2021 and into the first quarter of next year.

Reporting by Vera Eckert, editing by Thomas Escritt

Our Standards: The Thomson Reuters Trust Principles.

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Mark White

Mark White

Mark White is the editor of the ProcurementNation, a Media Outlet covering supply chain and logistics issues. He joined The New York Times in 2007 as an commodities reporter, and most recently served as foreign-exchange editor in New York.

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