News / Hapag-Lloyd profits holding up – even as demand ebbs and rates fall

Future income at today’s levels is secure, said Hapag-Lloyd as the carrier recorded bumper profits for Q2 – even as demand ebbed and spot rates fell.

“We don’t see demand falling off a cliff anywhere,” CEO Rolf Habben Jansen told analysts this morning as the carrier posted a record $4.8bn Q2 profit.

He said US consumer demand seemed to be “holding up reasonably well”, whereas “certainly in Europe and some other places, there is probably more nervousness”.

Overall, he added, there were “definitely ...