Carriers face ‘bumpy ride’ on rates, but no return to 2016 losses: Habben Jansen

Hapag-Lloyd’s CEO says the slide in ocean rates coupled with weakening demand would likely cause pop-up carriers — mainly intra-Asia lines that entered the trans-Pacific trade when rates hit historic highs — to pull out.

Hapag-Lloyd's CEO says the slide in ocean rates coupled with weakening demand would likely cause pop-up carriers -- mainly intra-Asia lines that entered the trans-Pacific trade when rates hit historic highs --- to pull out.