News / Hapag chief executive defends Gemini transhipment tactic

Hapag-Lloyd chief executive Rolf Habben Jansen said today he expected Asian export freight rates to continue to fall in the coming weeks – however, he trusted they would settle above pre-Red Sea crisis levels, which were “unsustainable”.

“After we initially saw quite a bit of panic in the market and, in our case, the bookings we received doubled and spot rates went up a lot, we now see them normalising. But I would expect them to remain above pre-crisis levels,” he ...