Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained!

imageStock Markets23 minutes ago (Sep 30, 2021 09:25AM ET)

(C) Reuters. FILE PHOTO: A Hapag Lloyd container ship is loaded at a shipping terminal in the harbour of Hamburg, Germany, March 25, 2017. REUTERS/Fabian Bimmer

FRANKFURT (Reuters) – Global container liner problems related to post-corona logistics hiccups have intensified in the third quarter and show no sign of letting up, the world’s number five operator, Hapag-Lloyd, said on Thursday.

Chief executive Rolf Habben Jansen told reporters in an online briefing that container usage in August was up 20% year-on-year.

He said port congestion and high spot freight rates, caused by a combination of unexpected demnand recovery and tight shipping space, would continue at least during the rest of 2021 and into the first quarter of next year.

Hapag-Lloyd CEO says shipping still in the thick of supply chain disruptions

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Hapag-Lloyd CEO says shipping still in the thick of supply chain disruptions