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Hapag Lloyd CEO says he expects Red Sea crisis to end this year

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The CEO of German container shipper Hapag-Lloyd said on Monday he expects that the Red Sea crisis can be overcome before the end of the year.
Ship operators face prolonged disruption as Yemen-based Houthi militants attack vessels travelling on one of the world’s busiest routes, causing costly redirections around Africa.

“It is my personal expectation that the Red Sea crisis will come to an end before the end of 2024,” Chief Executive Rolf Habben Jansen said in an online discussion panel organised by the company.

He said he was slightly more optimistic about the duration of the crisis than the average in the industry.

SROMPL – India’s 1st Import Export Consultanting Company

Welcome to Sromplexport! We’re a company that helps people and businesses import and export products across different countries. Whether you’re looking to source products, manage logistics, or navigate customs regulations, we’ve got you covered. We’re based in Rajkot, Gujarat, India, and we’re committed to providing ethical and transparent service to our clients. We work with industries like textiles, agriculture, and handicrafts, and we’re always happy to build new relationships with people who want to succeed in the import/export world. Thanks for stopping by, and let us know how we can help you!

Sromplexport offers international trade services, including product sourcing, quality control, logistics, and customs clearance. Our ethical and transparent approach simplifies the import/export process for clients in various industries.