Jansen, Skou on container shipping outlook & headwinds

Here is a short 3.30m CNBC interview, where Hapag-Lloyd CEO Rolf Habben Jansen talks about the headwinds in container shipping. When did it all start?

“In Q3/Q4 last year,” Jansen said. “Everybody tried to do everything to make as much capacity as possible,” but demand was simply too strong to manage.

Meanwhile, Soren Skou, CEO of AP Moller-Maersk, was also interviewed by CNBC as the group he leads reported very strong Q2 21 figures last Friday.

“We are making quite a lot of money, but more importantly to me we are also making a lot of progress on the transformation of Maersk and execution of our strategy” as it aims for a stronger logistics proposition, which was reinforced last week by the announcement of two deals in the e-commerce space, “just another step under way to building a very, very strong logistics business”.

What about the challenges of getting hold of containers?

In short, blame “global capacity”, which is scarce, as unmet demand will continue “at least for the next quarter”.

To watch the full video, please click here.