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Hapag’s Habben Jansen plays down threat of shippers opting for DIY-style charters

But Maersk says ‘damage is done’ with congestion becoming the norm

A leading liner boss has played down the threat of competition from shippers chartering their own vessels.

Hapag-Lloyd chief executive Rolf Habben Jansen expects the “scramble for capacity”, which is leading shippers to charter their own vessels, to be a short-term phenomena.

A shortage of shipping space led US retail giant Home Depot to take drastic action and charter its own vessel.

That reflects an out-of-control freight market, where capacity is tight and rates are more than 200% higher than the same time last year.

Read the full article at TradeWinds

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