“In 2020, the charter rate for a container ship was $7,000 a day. Now it’s $50,000″

Posted on May 25, 2022

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“In 2020, the charter rate for a container ship was $7,000 a day. Now it’s $50,000″

Interview by Jacqueline Goeb

May 25, 2022

The lockdowns in China are making the shipping chaos worse. Hapag-Lloyd is still hoping for a return to normal. A conversation with shipping company boss Rolf Habben Jansen about angry customers – and his huge profits from the crisis.

WirtschaftsWoche: Mr. Habben Jansen, how are your employees in Shanghai? Is the lockdown over soon?
Rolf Habben Jansen: That depends on where in the city our employees live. It is difficult for our employees, as it is for everyone in Shanghai. I can understand that everyone would like to return to normal.

Shipping is also far from normal. How many of your ships are stuck in China?
Not many. Operations in the port are running, albeit with restrictions. The challenge is that many factories cannot produce . We are currently seeing that up to 50 percent less is being exported from the city. It’s going to be a while before it’s up to speed again.

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