He says carriers are still changing routes, and higher costs are being passed on to consumers.
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Red Sea Diversions Will Continue, Says Hapag-Lloyd CEO
15.04.2024
Red Sea shipping diversions may last a few more months due to Houthi pirate attacks says Hapag-Lloyd CEO Rolf Habben Jansen.
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It has been an eventful nine months in 2022 for the supply chain industry. Ocean freight rates reached unprecedented highs as supply chain disruptions continued to roil the industry. Prices are finally cooling down, but still continue to be very high and are nowhere close to the 2019 levels. Will ocean freight rates continue to soften or will it rise again? What will be the impact of a looming recession, the conflict in Europe and a new set of regulations that kicks in early next year to rein in carbon emissions from ships?
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Article
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Shipping continues to navigate COVID-19 post-pandemic trends, the legacies of the 2021–2022 crunch in global supply chains, a softening in the container shipping market and shifts in shipping and trading patterns arising from the conflict in Ukraine.