News / Hapag-Lloyd expects recovery in Q3, but short-term prospects are uncertain

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Hapag-Lloyd expects a “solid recovery” for all of its liner trades this year and into 2021, but short-term, the outlook is uncertain, it said today.

“One can only speculate on where we are going to be in four or eight weeks from today,” said chief executive Rolf Habben Jansen this morning.

“Q1 was mainly effected by what happened in China, but since March it is very clear that other regions, like Europe and the US, but increasingly other places like Latin America ...