Home Stock Hapag-Lloyd CEO says shipping still in the thick of supply chain disruptions
imageStock Markets10 minutes ago (Sep 30, 2021 09:25AM ET)

(C) Reuters. FILE PHOTO: A Hapag Lloyd container ship is loaded at a shipping terminal in the harbour of Hamburg, Germany, March 25, 2017. REUTERS/Fabian Bimmer

FRANKFURT (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, 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.

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

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

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