News / Rates misery for ocean shippers set to continue after Chinese New Year

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Shippers face many more months of inflated freight rates, as ocean carriers show no sign of easing their strategy of keeping capacity tight and favouring high-paying spot cargo. 

In a customer Q&A session this morning, Hapag-Lloyd CEO Rolf Habben Jansen said the carrier was still “flooded with bookings”. 

He said: “It will be well into the second quarter before we get back to anywhere near normal,” And he added: “For the first time in 10 years we are earning back the cost of ...