Hapag-Lloyd CEO sees bounce in shipping demand as short-lived

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Reuters UK

FRANKFURT (Reuters) – Germany’s Hapag-Lloyd is seeing a small uptick in demand for shipping after a decline in recent months, but the company on Tuesday reiterated its more muted outlook for the industry as pandemic disruption fades. The container business, a bellwether of global economic trends, had seen a noticeable contraction in demand in September and October as economies around the World grappled with sharply spiking inflation and cost-of-living crises in the wake of Russia’s invasion of Ukraine. “I don’t think the market is as weak as it was four or eight weeks ago,” Hapag-Lloyd CEO Rol…

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