A big crisis in the containership market can be avoided given the present newbuilding backlog, Hapag-Lloyd believes.
The boxship orderbook relative to the trading fleet has fallen steadily during the past decade and Hapag-Lloyd is more positive than some peers in its outlook.
Rolf Habben Jansen, chief executive of Hapag-Lloyd, described the present orderbook as very low at 11% of the trading fleet and "very manageable" despite the addition of around 300,000...
