German container carrier Hapag Lloyd (5th largest liner company) reported Q3 2022 results this past week.
Some interesting comments from their CEO
- The headline statement: Container market volatile but not collapsing (illustrates with container volume changes)
- Short term inventory and seasonal effects
- Making capacity adjustments
Shipping line CEO: Container market volatile but not collapsing.
Even with Sept 2022 dip, Q3 was a good quarter. Now, let’s how extreme the swing is before container finds a steadier state.