Hapag Lloyd CEO claims container shipping freight rates are too low
According to the chief executive of Germany's Hapag Lloyd, Rolf Habben Jansen, global container shipping freight rates have reached unsustainable levels and must rebound. Habben Jansen stated: "There are spot rates that are clearly below cost. In the long run, that typically does not hold. Whenever everything becomes cash negative, then people take the measures that need to be taken to
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