Hapag-Lloyd’s first quarter 2024 earnings look devastating compared to the same period in 2023, but the quarter was stronger than expected due to Red Sea diversions.
Analyst Alphaliner outlines the current capacity shortages in the trades between Asia and Europe and in doing so also reveals the extent of the potential overcapacity that could affect the industry if the Red Sea crisis is resolved.
The 2020s have so far proved to be anything but uneventful for the container sector. If a global pandemic wasn’t already enough of a shock to our industry, the post-Covid period has presented ongoing challenges for both lines and terminal operators.