Hapag-Lloyd CEO: Container market volatile but not collapsing

Hapag-Lloyd CEO Rolf Habben Jansen put a positive spin on the container shipping downturn during a conference call Thursday as his company logged yet another quarter for the record books.

“I don’t think the bottom is falling out of the market,” maintained the head of the world’s fifth-largest ocean carrier.

“When you look at volume and demand, we saw a very steep decline in weeks 34 and 35 [the last two weeks of August]. Then things rebounded a bit. Ever since Golden Week [the first week of October], it has been up and down.

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