FRANKFURT, Nov 18 (Reuters) – The shipping industry may face unexpected risks from labour negotiations in western U.S. ports and winter weather in the northern hemisphere over the next few months, the head of German container firm Hapag-Lloyd said on Thursday.
“Winter can have a significant impact on shipping,” Chief Executive Rolf Habben Jansen said in an online call with reporters, adding the weather conditions looked normal so far.
“The other thing are the labour negotiations on the U.S. west coast, where it is in everyone’s interest to reach an agreement reasonably fast,” he added.
Last week, the company reported a more than 10-fold increase in its nine-month net profit. (Reporting by Vera Eckert, editing by Zuzanna Szymanska)
Additional reading on these topics…
Essential maritime and offshore news, insights, and updates delivered daily straight to your inbox
US revenue from customs duties this fiscal year surpassed $100 billion for the first time, reflecting higher tariffs imposed by the Trump administration.
Commercial ships still sailing through the Red Sea are broadcasting messages about their nationality and even religion on their public tracking systems to avoid being targeted by Yemen's Houthis after deadly attacks this week by the militia.
It seems the recent container freight spot rate rally on the Asia-North Europe trade might have come to an end, at least temporarily.
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
Stay informed with the latest maritime and offshore news, delivered daily straight to your inbox
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
