The CEO of German container liner Hapag-Lloyd, Rolf Habben Jansen, reassured analysts that the global ship order book, currently representing 18% of the world fleet, is expected to increase slightly but remains within reasonable levels. Jansen emphasized that the long delivery windows for new orders mitigate concerns about potential oversupply in the market. Despite reporting lower net profits in the first half of 2024, the company remains optimistic about future performance due to high demand and spot freight rates.
Hapag-Lloyd, the fifth-largest container shipping company globally in terms of operating tonnage, is closely monitoring the industry dynamics to ensure sustainable growth. While acknowledging the possibility of an uptick in the order book percentage, Jansen believes that the situation is not alarming and can be managed effectively. The company’s strategic approach includes balancing new orders with existing demand to maintain a healthy market equilibrium.
Shipping analysts have expressed concerns about the potential for excessive new ordering in response to current market conditions. However, Hapag-Lloyd remains confident in its ability to navigate these challenges and capitalize on opportunities for growth. With a focus on operational efficiency and customer satisfaction, the company aims to leverage the strong demand for shipping services to drive future success.
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