Ocean carriers face two years of excess vessel capacity: Hapag-Lloyd CEO

Hapag-Lloyd believes an increase in demand on east-west trades in the third quarter, together with rising carrier costs and IMO emissions rules, could mitigate the impact of surplus capacity flooding into the market.

Hapag-Lloyd believes an increase in demand on east-west trades in the third quarter, together with rising carrier costs and IMO emissions rules, could mitigate the impact of surplus capacity flooding into the market.