East-west rates diverge as transpac spots hold while Asia-Europe keeps falling
Container spot freight rates on the main east-west trades diverged this week after a series ...
Photo: Dreamstime.com
By Mike Wackett
Hapag-Lloyd managed to stay in the black in the third quarter, but CEO Rolf Habben Jansen warned that unless spot rates recovered quickly, the carrier faced “some challenging quarters in a subdued market environment”.
Indeed, based on its updated guidance for a full-year operating profit of between $2.4bn and $3.4bn, the German carrier could be trading in the red this quarter, based on the ebit achieved by the end of September, of $3bn.
Hapag-Lloyd transported 3.1m ...
Comment on this article
Josephine Treurniet
November 09, 2023 at 3:15 pmThe customer service is unsatisfactory and they change vessel arrival status without notification to the customer. This makes it difficult and costly for delivery of containers to the port terminals.