A leading executive has warned of the prospect of overcapacity returning to the liner trades.
Hapag-Lloyd chief executive Ralf Habben Jansen believes that a large newbuilding programme, easing congestion and declining demand will start to impact on the sector in the coming months.
With the orderbook at 25% of the global fleet, there is the prospect of oversupply in certain trades in the short to medium term, he told journalists on 10 June.
