Salem Radio Network News Wednesday, September 28, 2022

Business

Global container fleet to grow more than demand – Hapag-Lloyd CEO

FRANKFURT (Reuters) – Global growth in container fleets through new orders and building activity will outstrip shipping demand from next year and ease current market tightness, the chief executive of Hapag-Lloyd said in an analyst call on Thursday.

“Over the upcoming 24 months, we clearly see that supply growth will outpace demand growth,” said CEO Rolf Habben Jansen after presenting figures for the first half of 2022.

Presentation slides he referred to predicted demand growth at 3% next year over 2022 and fleet growth of 7%.

(Reporting by Vera Eckert; Editing by Maria Sheahan)

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